29th Nov 2016 16:47
London, 29 November 2016
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS
BGEO Group PLC (BGEO) was notified today, 29 November 2016, that Irakli Gilauri, the Executive Director of BGEO exercised 115,000 nil-cost options to acquire BGEO ordinary shares (BGEO Shares) and sold 140,000 BGEO Shares.
Following the above transactions, Mr Gilauri holds 513,819 vested and unvested BGEO shares, representing approximately 1.3% of BGEO.
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
1. | DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED WITH THEM ("PCA") | |||||
a) | Name | Irakli Gilauri | ||||
b) | Position / status | PDMR (Executive Director, BGEO Group PLC) | ||||
c) | Initial notification / amendment | initial notification | ||||
2. | DETAILS OF THE ISSUER | |||||
BGEO GROUP PLC | ||||||
3. | DETAILS OF THE TRANSACTION(S) | |||||
a) | Description of the financial instrument | ordinary shares of £0.01 each ISIN: GB00B759CR16 | ||||
c) | Nature of interest | personally | ||||
d) | Nature of the transaction | exercise of nil-cost options to acquire ordinary shares pursuant to the executive equity compensation plan | ||||
e) | Date of the transaction | 29 November 2016 | ||||
f) | Place of the transaction | outside of a trading venue | ||||
g) | Price(s) and volume(s) |
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h) | Aggregated information Aggregated volume Price | 115,000 nil-cost options exercised Please note that a total of 23,000 ordinary shares were withheld to meet tax liabilities, resulting in Mr Gilauri receiving 92,000 ordinary shares.
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1. | DETAILS OF PDMR / PERSON CLOSELY ASSOCIATED WITH THEM ("PCA") | ||
a) | Name | Irakli Gilauri | |
b) | Position / status | PDMR (Executive Director, BGEO Group PLC) | |
c) | Initial notification / amendment | initial notification | |
2. | DETAILS OF THE ISSUER | ||
BGEO GROUP PLC | |||
3. | DETAILS OF THE TRANSACTION(S) | ||
a) | Description of the financial instrument | ordinary shares of £0.01 each ISIN: GB00B759CR16 | |
c) | Nature of interest | personally | |
d) | Nature of the transaction | sale of ordinary shares | |
e) | Dates of the transactions | 25/11/2016 28/11/2016 29/11/2016 | |
f) | Place of the transaction | London Stock Exchange | |
g) | Price(s) and volume(s) | Price(s) | Volume(s) |
£30.6443 | 10,753 | ||
£30.5086 | 29,916 | ||
£29.9177 | 99,331 | ||
h) | Aggregated information Aggregated volume Price | In total, 140,000 ordinary shares were sold at average price per ordinary share of £30.0998, resulting in an aggregated volume price of £4,213,968.49.
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Name of authorised official of issuer responsible for making notification:
Kate Bennett Rea, Group Company Secretary
Related Shares:
Bank Of Georgia Group