Bgeo Group PLC Director/PDMR Shareholding (6356W)
16 November 2017 - 4:26AM
UK Regulatory
TIDMBGEO
RNS Number : 6356W
Bgeo Group PLC
15 November 2017
London, 15 November 2017
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
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 Nikoloz Gamkrelidze
--- ---------------------------------------------------------- -----------------------------------------------------
2. Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position / status PDMR - CEO of subsidiary Georgia Healthcare Group
PLC
--- ---------------------------------------------------------- -----------------------------------------------------
b) Initial notification / amendment Initial notification
--- ---------------------------------------------------------- -----------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name BGEO GROUP PLC
------------------------------------------------------ ---------------------------------------------------------
b) LEI: 2138003B6YI9N5H99688
--- ------------------------------------------------------ ---------------------------------------------------------
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 ordinary shares of GBP0.01 each in BGEO Group PLC
instrument
GB00B759CR16
Identification Code
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Disposal of ordinary shares
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Date Price(s) Volume(s)
------------ ---------- ----------
13 November
2017 GBP35.33 2,500
14 November
2017 GBP34.41 1,500
15 November
2017 GBP33.48 1,000
------------ ---------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information 13 November 2017, 2,500 shares were sold at a price
* Aggregated volume per share of GBP35.3338
Total price: GBP88,334.50
On 14 November 2017, 1,500 shares were sold at a price
* Aggregated price per share of GBP34.4142
Total price: GBP51,621.30
On 15 November 2017, 1,000 shares were sold at a price
per share of GBP33.4800
Total price: GBP33,480.00
e) Dates of the transaction 13 November 2017
14 November 2017
15 November 2017
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--- -------------------------------------------------------- -------------------------------------------------------
Name of authorised official of issuer responsible for making
notification: Rebecca Wooldridge, Company Secretary
About BGEO Group PLC
The Group: BGEO Group PLC ("BGEO"- LSE: BGEO LN) is a UK
incorporated holding company of a Georgia-focused investment
platform. BGEO invests, via its subsidiaries, in the banking and
non-banking sectors in Georgia (BGEO and its subsidiaries, together
the "Group"). BGEO aims to deliver on a 4x20 strategy: (1) at least
20% ROAE from its Banking Business; (2) at least 20% growth of its
Banking Business retail loan book; (3) at least 20% IRR; and (4) up
to 20% of the Group's profit from its Investment Business. On 3
July 2017 BGEO announced its intention to demerge BGEO Group PLC
into a London-listed banking business (the "Banking Business") and
a London-listed investment business (the "Investment Business") by
the end of the first half of 2018.
Banking Business: Currently representing at least 80% of the
Group's profit, will comprise: 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 ("BOG" or the "Bank") is the core entity of the Group's
Banking Business. The Banking Business will continue to target to
benefit from the underpenetrated banking sector in Georgia
primarily through its retail banking services.
Investment Business: Currently representing up to 20% of the
Group's profit, will comprise the Group's stakes in Georgia
Healthcare Group PLC ("Healthcare Business" or "GHG") - an LSE
(London Stock Exchange PLC) premium-listed company, Georgia Global
Utilities ("Utility and Energy Business" or "GGU"), m(2) Real
Estate ("Real Estate Business" or "m(2) "), Teliani Valley
("Beverage Business" or "Teliani") and Aldagi ("Property and
Casualty Insurance Business" or Aldagi"). Georgia's fast-growing
economy provides opportunities in a number of underdeveloped local
markets and the Investment Business will target to capture growth
opportunities in the Georgian corporate sector.
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:
Fitch Ratings 'BB-/B' Fitch Ratings 'BB-/B'
Moody's B1/NP (FC) Moody's 'Ba3/NP' (FC)
& B1/NP (LC) & 'Ba2/NP'
(LC)
For further information, please visit www.bgeo.com or
contact:
Irakli Gilauri Michael Oliver Giorgi Alpaidze
Group CEO Adviser to the Group CFO
CEO
+995 322 444 109 +44 203 178 4034 +995 322 444 190
igilauri@bgeo.com moliver@bgeo.com g.alpaidze@bgeo.com
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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