Bgeo Group PLC Director/PDMR Shareholding (5222L)
October 03 2016 - 8:21AM
UK Regulatory
TIDMBGEO
RNS Number : 5222L
Bgeo Group PLC
03 October 2016
London, 3 October 2016
BGEO Group announces market purchase of shares for its Employee
Benefit Trust
BGEO Group PLC (BGEO or the Group), the holding company of JSC
Bank of Georgia (the Bank), Georgia's leading bank, was notified on
Friday, 30 September 2016, by Sanne Fiduciary Services Limited
(Sanne), acting as trustee of the Rubicon Executive Equity
Compensation Trust (Trust), that Sanne purchased in the market
41,292 BGEO ordinary shares (Shares) at a price of GBP29.30
(rounded to two decimal points) per Share on the same day (30
September 2016).
The Trust holds the Shares for the purpose of satisfying awards
to be awarded to beneficiaries of the Trust. The executive
directors and persons discharging managerial responsibility of the
Group are potential beneficiaries under the Trust and are therefore
treated as having an interest in such Shares.
Following the above transaction, the Trust held a total of
1,230,034 Shares, representing approximately 3.1% of the Company's
issued ordinary share capital.
Of the 1,230,034 Shares held by the Trust, 972,751 Shares are
allocated to existing awards, both vested and unvested.
Name of authorised official of issuer responsible for making
notification:
Kate Bennett Rea, Company Secretary
About BGEO Group PLC
BGEO Group PLC is a UK incorporated holding company of a
Georgia-based banking group with an investment arm. Its primary
business is the leading Georgian bank JSC Bank of Georgia, which
has a market share of 33.5% (based on total assets), 32.1% (based
on total loans) and 31.8% (based on client deposits). The banking
business offers a broad range of retail banking, corporate banking,
investment management and P&C insurance services. As of 30 June
2016, the bank served approximately 2.0 million client accounts
through one of the largest distribution networks in Georgia, with
273 branches, the country's largest ATM network, comprising 763
ATMs, 2,681 Express pay (self-service) terminals and a full-service
remote banking platform and a modern call center. The investment
business primarily consists of the largest healthcare group in
Georgia (Georgia Healthcare Group), real estate business (m2) and
utility business (Georgia Global Utilities).
JSC BGEO Group has, as Bank of Georgia has, as
of the date hereof, the of the date hereof, the
following credit ratings: following credit ratings:
Standard & 'BB-/B'
Poor's
Fitch Ratings 'BB-/B' Fitch Ratings 'BB-/B'
Moody's B1/NP (FC) Moody's 'B1/NP' (FC)
& B1/NP (LC) & 'Ba3/NP'
(LC)
For further information, please visit www.bgeo.com or
contact:
Irakli Gilauri Michael Oliver Ekaterina (Eka)
Shavgulidze
Group CEO Adviser to the Head of Investor
CEO Relations
+995 322 444
+995 322 444 109 +44 203 178 4034 205
igilauri@bog.ge moliver@bog.ge eshavgulidze@bog.ge
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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