Bank of Georgia Group PLC Director/PDMR Shareholding (5130J)
24 August 2021 - 1:32AM
UK Regulatory
TIDMBGEO
RNS Number : 5130J
Bank of Georgia Group PLC
23 August 2021
London, 23 August 2021
Bank of Georgia Group PLC announces market purchase of shares
for its Employee Benefit Trust
Bank of Georgia Group PLC (the Group) was notified by Sanne
Fiduciary Services Limited (Sanne), acting as trustee of The
Rubicon Executive Equity Compensation Trust (the Trust), that
Sanne, through an independent broker, purchased in the market
34,000 Bank of Georgia Group PLC ordinary shares with a nominal
value of GBP0.01 each (Shares) at a price of GBP15.12 (rounded to
two decimal points) per Share, traded on 20 August 2021 with a
settlement date of 24 August 2021.
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.
Upon settlement of the above transaction, the Trust will hold a
total of 1,316,353 Shares , representing approximately 2.68 % of
the Group's issued ordinary share capital.
Of the 1,316,353 Shares held by the Trust, all shares are
allocated to existing awards.
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
banking, wealth management and investment banking operations in
Georgia; and c) banking operations in Belarus ("BNB"). JSC Bank of
Georgia ("Bank of Georgia", "BOG" or the "Bank"), the systemically
important and leading universal bank in Georgia, is the core entity
of the Group. The Bank is a leader in payments business and
financial mobile application, with the strong retail and corporate
banking franchise in Georgia. With a continued focus on increasing
digitalisation and expanding technological and data analytics
capabilities, the Group aims to offer more personalised solutions
and seamless experiences to its customers to enable them to achieve
more of their potential. The Group aims to benefit from growth of
the Georgian economy, and through both its Retail Banking and
Corporate and Investment Banking services targets to deliver on its
strategy, which is based on at least 20% ROAE and c.10% growth of
its loan book in the medium-term .
JSC Bank of Georgia has, as of
the date hereof, the following
credit ratings:
Fitch Ratings 'BB-/B'
Moody's 'Ba2/NP'
For further information, please visit www.bankofgeorgiagroup.com
or contact:
Archil Gachechiladze Michael Oliver Sulkhan Gvalia Natia Kalandarishvili
CEO Adviser to the CFO Head of Investor
CEO Relations
+995 322 444 444
+995 322 444 144 +44 203 178 4034 +995 322 444 108 (9282)
agachechiladze@bog.ge moliver@bgeo.com sgvalia@bog.ge ir@bog.ge
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only and should not be construed as an offer to sell or the
solicitation of an offer to buy any securities
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END
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