RNS Number : 4665A
Bank of Georgia Holdings PLC
30 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Bank of Georgia Holdings plc (BGH) was notified on 29 March 2012 by Irakli Gilauri, an Executive Director of BGH and Chief Executive Officer of JSC Bank of Georgia (BoG), that he has exercised his nil cost options (Options) to acquire BGH ordinary shares with a nominal value of £0.01 per share (BGH Shares) on 29 March 2012, pursuant to the terms of BoG's executive equity compensation plans. BoG's executive equity compensation plans provide for fixed salaries that include a cash and guaranteed long-vesting share component, and share bonuses comprised of discretionary grants of nil cost options.
Irakli Gilauri exercised Options in respect of 202,565 BGH Shares. 40,513 BGH Shares were withheld to meet tax liabilities, resulting in a net amount of 162,052 BGH Shares received.
This notice is given in fulfillment of the obligation under DTR3.1.4 (1)(a)R.
Name of authorised official of issuer responsible for making notification:
Kate Bennett Rea, Company Secretary
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