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RNS Number : 9468X

Bank of Georgia Group PLC

02 May 2019

London, 2 May 2019

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

Bank of Georgia Group PLC (the Group) announces the grant of deferred share salary awards by Sanne Fiduciary Services Limited (Sanne) acting as trustee of the Rubicon Executive Equity Compensation Trust (the Trust) in respect of the 2019 work year, in the form of nil-cost options over ordinary shares of the Group (the Shares) to persons discharging managerial responsibilities (PDMRs). The awards were made for nil consideration.

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

 
 1.   Details of the person discharging managerial responsibilities / 
       person closely associated 
 a)   Name                        David Tsiklauri 
     --------------------------  ------------------------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position / status           CFO 
     --------------------------  ------------------------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
     --------------------------  ------------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, auction 
       platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                        BANK OF GEORGIA GROUP PLC 
     --------------------------  ------------------------------------------------- 
 b)   LEI                         213800XKDG12NQG8VC53 
     --------------------------  ------------------------------------------------- 
 4.   Details of the transaction(s) 
     ----------------------------------------------------------------------------- 
 a)   Description of the          nil cost options over ordinary shares of GBP0.01 
       financial instrument,       each in Bank of Georgia Group PLC 
       type of instrument 
 
       Identification Code         N/A 
     --------------------------  ------------------------------------------------- 
 b)   Nature of the transaction   Grant of nil-cost options in respect of deferred 
                                   salary shares for the 2019 work year pursuant 
                                   to the senior executive equity compensation 
                                   plan. 
 
                                   20% of the salary shares will vest in each of 
                                   the second, third and fourth years following 
                                   the work year, and the remaining 40% vest in 
                                   the fifth year following the work year, subject 
                                   to the terms of his service agreement. 
     --------------------------  ------------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                    nil         11,667 
                                               ---------- 
     --------------------------  ------------------------------------------------- 
 d)   Aggregated information      N/A 
       - Volume 
       - Price 
       - Total 
     --------------------------  ------------------------------------------------- 
 e)   Date of the transaction     30 April 2019 
     --------------------------  ------------------------------------------------- 
 f)   Place of the transaction    Outside of a trading venue 
     --------------------------  -------------------------------------------------

Name of authorised official of issuer responsible for making notification:

Link Company Matters Limited, Company Secretary

About Bank of Georgia Group PLC

Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company, which comprises: a) retail banking and payment services, b) corporate investment banking and wealth management operations and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the leading universal bank in Georgia, is the core entity of the Group. The Group targets to benefit from superior growth of the Georgian economy through both its retail banking and corporate investment banking services and aims to deliver on its strategy, which is based on at least 20% ROAE and 15-20% growth of its loan book.

 
 JSC Bank of Georgia has, as of 
  the date hereof, the following 
  credit ratings: 
 
      Fitch Ratings   'BB-/B' 
      Moody's         'Ba3/NP' (FC) & 
                       'Ba2/NP' (LC)

For further information, please visit www.bankofgeorgiagroup.com or contact:

 
 Archil Gachechiladze    Michael Oliver    Natia Kalandarishvili 
 Group CEO               Adviser to the    Head of Investor 
                          CEO               Relations 
                                           +995 322 444 444 
 +995 322 444 144        +44 203 178 4034   (9282) 
 agachechiladze@bog.ge   moliver@bgeo.com  ir@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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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