Remuneration Information • Jan 7, 2019
Remuneration Information
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RNS Number : 2906M
Bank of Georgia Group PLC
07 January 2019
London, 7 January 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 2018 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
Kaha Kiknavelidze
2.
Reason for the notification
a)
Position / status
CEO
b)
Initial notification / amendment
Initial notification
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 financial instrument, type of instrument
Identification Code
nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC
N/A
b)
Nature of the transaction
Grant of nil-cost options in respect of deferred salary shares for the 2018 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 | 60,000 |
d)
Aggregated information
- Volume
- Price
- Total
N/A
e)
Date of the transaction
3 January 2019
f)
Place of the transaction
Outside of a trading venue
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 / amendment
Initial notification
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 financial instrument, type of instrument
Identification Code
nil cost options over ordinary shares of £0.01 each in Bank of Georgia Group PLC
N/A
b)
Nature of the transaction
Grant of nil-cost options in respect of deferred salary shares for the 2018 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 | 35,000 |
d)
Aggregated information
- Volume
- Price
- Total
N/A
e)
Date of the transaction
3 January 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 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:
| Kaha Kiknavelidze | Michael Oliver | David Tsiklauri | Natia Kalandarishvili |
| Group CEO | Adviser to the CEO | Group CFO | Head of Investor Relations |
| +995 322 444 126 | +44 203 178 4034 | +995 322 444 108 | +995 322 444 444 (9282) |
| [email protected] | [email protected] | [email protected] | [email protected] |
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 [email protected] or visit www.rns.com.
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