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Bank of Georgia Group PLC announced the grant of nil-cost options over its ordinary shares to four Persons Discharging Managerial Responsibilities (PDMRs). On May 31, 2022, CEO Archil Gachechiladze received 90,970 options, Deputy CEO & CFO Sulkhan Gvalia received 40,490 options, Deputy CEO Mikheil Gomarteli received 35,735 options, and Deputy CEO Zurab Kokosadze received 25,496 options. These nil-cost options for the 2021 work year, granted under an executive equity compensation plan, will vest 40% on the third and 60% on the fourth anniversary of the work year's start, each subject to a two-year holding period.
| Date | 1 Jun 2022 |
| Time | 17:00:50 |
| Category | Director/PDMR dealings |
| ID | 6409N |
London, 6 June 2022
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Archil Gachechiladze |
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2. |
Reason for the notification |
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a) |
Position / status |
PDMR, CEO |
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b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Bank of Georgia Group PLC |
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b) |
LEI: |
213800XKDG12NQG8VC53 |
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument
Identification Code
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Nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC
GB00BF4HYT85
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b) |
Nature of the transaction |
Grant of nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2021 work year pursuant to the executive equity compensation plan. 40% of the shares will vest on the third and 60% fourth anniversary of the start of the work year, subject to the terms of his service agreement, and each tranche is subject to a further two-year holding period.
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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Aggregated volume
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Grant of 90,970 nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2021 work year pursuant to the executive equity compensation plan. |
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Aggregated price |
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e) |
Dates of the transaction |
31 May 2022 |
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f)
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Place of the transaction |
Outside of a trading venue |
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Sulkhan Gvalia |
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2. |
Reason for the notification |
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a) |
Position / status |
PDMR, Deputy CEO, CFO |
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b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Bank of Georgia Group PLC |
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b) |
LEI: |
213800XKDG12NQG8VC53 |
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument
Identification Code
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Nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC
GB00BF4HYT85
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b) |
Nature of the transaction |
Grant of nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2021 work year pursuant to the executive equity compensation plan. 40% of the shares will vest on the third and 60% fourth anniversary of the start of the work year, subject to the terms of his service agreement, and each tranche is subject to a further two-year holding period. |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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Aggregated volume
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Grant of 40,490 nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2021 work year pursuant to the executive equity compensation plan. |
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Aggregated price |
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e) |
Dates of the transaction |
31 May 2022 |
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f)
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Place of the transaction |
Outside of a trading venue |
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Mikheil Gomarteli |
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2. |
Reason for the notification |
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a) |
Position / status |
PDMR, Deputy CEO |
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b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Bank of Georgia Group PLC |
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b) |
LEI: |
213800XKDG12NQG8VC53 |
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||||||
|
a) |
Description of the financial instrument, type of instrument
Identification Code
|
Nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC
GB00BF4HYT85
|
||||||||
|
b) |
Nature of the transaction |
Grant of nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2021 work year pursuant to the executive equity compensation plan. 40% of the shares will vest on the third and 60% fourth anniversary of the start of the work year, subject to the terms of his service agreement, and each tranche is subject to a further two-year holding period.
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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Aggregated volume
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Grant of 35,735 nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2021 work year pursuant to the executive equity compensation plan. |
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Aggregated price |
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e) |
Dates of the transaction |
31 May 2022 |
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f)
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Place of the transaction |
Outside of a trading venue |
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Zurab Kokosadze |
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2. |
Reason for the notification |
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a) |
Position / status |
PDMR, Deputy CEO |
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b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||||
|
a) |
Name |
Bank of Georgia Group PLC |
||||||||
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b) |
LEI: |
213800XKDG12NQG8VC53 |
||||||||
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
|||||||||
|
a) |
Description of the financial instrument, type of instrument
Identification Code
|
Nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC
GB00BF4HYT85
|
||||||||
|
b) |
Nature of the transaction |
Grant of nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2021 work year pursuant to the executive equity compensation plan. 40% of the shares will vest on the third and 60% fourth anniversary of the start of the work year, subject to the terms of his service agreement, and each tranche is subject to a further two-year holding period. |
||||||||
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c) |
Price(s) and volume(s) |
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||||||||
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d) |
Aggregated information |
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||||||||
|
|
Aggregated volume
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Grant of 25,496 nil-cost options over ordinary shares in respect of discretionary deferred shares for the 2021 work year pursuant to the executive equity compensation plan. |
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Aggregated price |
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e) |
Dates of the transaction |
31 May 2022 |
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f)
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Place of the transaction |
Outside of a trading venue |
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Name of authorised official of issuer responsible for making notification:
Link Company Matters Limited, Company Secretary