TIDMBGEO

RNS Number : 5965C

Bgeo Group PLC

23 January 2018

London, 23 January 2018

NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

The Board of BGEO Group PLC (BGEO) announces the grant of deferred share salary awards by Sanne Fiduciary Services Limited acting as trustee of the Rubicon Executive Equity Compensation Trust in respect of the 2017 work year, in the form of nil-cost options over ordinary shares of BGEO (BGEO Shares) to persons discharging managerial responsibilities (PDMRs). The awards were made for nil consideration.

The recipients were notified of their awards by Sanne during the week commencing 15 January 2018 and the corresponding notifications of transactions have been made to the BGEO.

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                                                        Irakli Gilauri 
---  ----------------------------------------------------------  ----------------------------------------------------- 
 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                                                   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          nil cost options over ordinary shares of GBP0.01 each 
      instrument                                                in BGEO Group PLC 
      Identification Code 
                                                                N/A 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil-cost options in respect of deferred 
                                                                salary shares for the 2017 work year pursuant 
                                                                to the 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         90,000 
---  --------------------------------------------------------  ------------------------------------------------------- 
 d)        Aggregated information                               N/A 
             *    Volume 
 
 
             *    Price 
 
 
             *    Total 
 
 e)   Date of the transaction                                   8 January 2018 
---  --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside of a trading venue 
---  --------------------------------------------------------  ------------------------------------------------------- 
 
 
 
 1.   Details of the person discharging managerial responsibilities / person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                        Kaha Kiknavelidze 
---  ----------------------------------------------------------  ----------------------------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position / status                                           CEO of the Bank 
---  ----------------------------------------------------------  ----------------------------------------------------- 
 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          nil cost options over ordinary shares of GBP0.01 each 
      instrument                                                in BGEO Group PLC 
      Identification Code 
                                                                N/A 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil-cost options in respect of deferred 
                                                                salary shares for the 2017 work year pursuant 
                                                                to the 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                               N/A 
             *    Volume 
 
 
             *    Price 
 
 
             *    Total 
 
 e)   Date of the transaction                                   8 January 2018 
---  --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside of a trading venue 
---  --------------------------------------------------------  ------------------------------------------------------- 
 
 
 
 1.   Details of the person discharging managerial responsibilities / person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                        Avtandil Namicheishvili 
---  ----------------------------------------------------------  ----------------------------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position / status                                           Group General Counsel 
---  ----------------------------------------------------------  ----------------------------------------------------- 
 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          nil cost options over ordinary shares of GBP0.01 each 
      instrument                                                in BGEO Group PLC 
      Identification Code 
                                                                N/A 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil-cost options in respect of deferred 
                                                                salary shares for the 2017 work year pursuant 
                                                                to the 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         30,000 
---  --------------------------------------------------------  ------------------------------------------------------- 
 d)        Aggregated information                               N/A 
             *    Volume 
 
 
             *    Price 
 
 
             *    Total 
 
 e)   Date of the transaction                                   8 January 2018 
---  --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside of a trading venue 
---  --------------------------------------------------------  ------------------------------------------------------- 
 
 
 
 1.   Details of the person discharging managerial responsibilities / person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                        Ekaterina Shavgulidze 
---  ----------------------------------------------------------  ----------------------------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position / status                                           Group Head of Business Development 
---  ----------------------------------------------------------  ----------------------------------------------------- 
 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          nil cost options over ordinary shares of GBP0.01 each 
      instrument                                                in BGEO Group PLC 
      Identification Code 
                                                                N/A 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil-cost options in respect of deferred 
                                                                salary shares for the 2017 work year pursuant 
                                                                to the 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         18,000 
---  --------------------------------------------------------  ------------------------------------------------------- 
 d)        Aggregated information                               N/A 
             *    Volume 
 
 
             *    Price 
 
 
             *    Total 
 
 e)   Date of the transaction                                   8 January 2018 
---  --------------------------------------------------------  ------------------------------------------------------- 
 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 of the Bank 
---  ----------------------------------------------------------  ----------------------------------------------------- 
 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          nil cost options over ordinary shares of GBP0.01 each 
      instrument                                                in BGEO Group PLC 
      Identification Code 
                                                                N/A 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of nil-cost options in respect of deferred 
                                                                salary shares for the 2017 work year pursuant 
                                                                to the 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         20,000 
---  --------------------------------------------------------  ------------------------------------------------------- 
 d)        Aggregated information                               N/A 
             *    Volume 
 
 
             *    Price 
 
 
             *    Total 
 
 e)   Date of the transaction                                   8 January 2018 
---  --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside of a trading venue 
---  --------------------------------------------------------  ------------------------------------------------------- 
 
 

Name of authorised official of issuer responsible for making notification: Rebecca Wooldridge, Company Secretary

LEI: 2138003B6YI9N5H99688

This information is provided by RNS

The company news service from the London Stock Exchange

END

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