28th May 2014 13:29
LONDON (Alliance News) - Bank of Georgia Holdings PLC Wednesday said Avtandil Namicheishvili, a divisional executive, exercised options over 49,000 shares at no cost under the executive equity compensation plan.
Namicheishvili received 39,200 shares after 9,800 shares were withheld to meet tax liabilities said the company. Chief Risk Officer Giorgi Chiladze exercised options over 21,000 shares at no cost. Chiladze received 16,800 shares after 4,200 shares were withheld to meet tax liabilities.
The Georgian bank also said Archil Gachechiladze, a divisional executive sold 10,000 shares at GBP25.55 each. Gachechiladze continues to hold 112,000 shares, representing a 0.31% ownership interest.
Shares were down 1.0% at 2,513.00 pence Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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