London, 2 April 2013
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
Bank of Georgia Holdings PLC (BGH) was notified yesterday by each Person Discharging Managerial Responsibily (PDMR) listed in the table below, that s/he has exercised his/her nil cost options to acquire BGH ordinary shares with a nominal value of £0.01 per share (BGH Shares), pursuant to the JSC Bank of Georgia (the Bank) senior executive equity compensation plan, in the case of executive members of management, or executive equity compensation plan, in the case of non-executive members of management. For each PDMR, BGH Shares were withheld to meet tax liabilities, as reflected below.
Name of PDMR |
Date of Transaction |
Options Exercised (BGH Shares) |
Tax Withholding (BGH Shares) |
Net BGH Shares Received |
Avto Namichieshvili |
29 March 2013 |
46,833 |
9,367 |
37,466 |
Sulkhan Gvalia |
29 March 2013 |
34,500 |
6,900 |
27,600 |
Macca Ekizashvili |
29 March 2013 |
17,417 |
3,483 |
13,934 |
|
|
|
|
BGH was also notified yesterday by each PDMR listed in the table below, that s/he had sold BGH shares.
Name of PDMR |
Date of Transaction |
Number of BGH Shares Sold |
Sale Price per BGH Share (GBP) |
Shares Remaining after Transaction |
% Ownership Remaining in BGH |
Avto Namichieshvili* |
28 and 29 March 2013 |
40,000 |
10,196 BGH Shares at GBP 15.29; 29,804 BGH Shares at GBP 15.42 |
171,454 |
0.5 |
Macca Ekizashvili* |
29 March 2013 |
6,250 |
15.29 |
33,851 |
0.1 |
|
|
|
|
*includes vested and unvested shares; does not include discretionary awards portion for the year 2012
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
About Bank of Georgia Holdings plc
Bank of Georgia Holdings plc is a UK-incorporated holding company of Bank of Georgia. Bank of Georgia is the leading Georgian bank, based on total assets (with a 36.7% market share), total loans (with a 35.4% market share) and total deposits (with a 31.8% market share) as of 31 December 2012, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients.
Bank of Georgia has, as of the date hereof, the following credit ratings:
Standard & Poor's |
'BB-/B' |
|
FitchRatings |
'BB-/B' |
|
Moody's |
'B1/NP' (FC) & 'Ba3/NP' (LC) |
|
For further information, please visit www.bogh.co.uk, www.bog.ge/ir or contact:
This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities.
