16th Nov 2023 18:13
London, 16 November 2023
Bank of Georgia Group PLC announces notification of transactions of Directors/Persons Discharging Managerial Responsibly and Connected Persons
This announcement relates to the purchase of ordinary shares of £0.01 each in Bank of Georgia Group PLC (the "Company") on 26 May 2022 and 27 May 2022. The Company was notified of these trades after close of business on 2 November 2023 and is announcing these historical transactions in accordance with its obligations under the UK Market Abuse Regulation.
During May 2022, Gemsstock Limited purchased an aggregate total of 400,655 ordinary shares, with notifications having already been correctly made in the case of all purchases (representing 372,155 ordinary shares) other than those subject to this announcement.
As at year end 31 December 2022, Gemsstock held a total beneficial interest in 1,373,779 ordinary shares. Such figure and holding was correctly disclosed on page 214 of the Company's Annual Report and Accounts for Financial Year 2022.
The notification set out below is provided in accordance with the requirements of the UK Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||
a) | Name
| Gemsstock Limited, PCA of Alasdair Breach | |
2 | Reason for the notification
| ||
a) | Position/status
| PCA of Alasdair Breach | |
b) | Initial notification/ Amendment
| Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a) | Name
| Bank of Georgia Group PLC | |
b) | LEI
| 213800XKDG12NQG8VC53 | |
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 instrument
Identification code
| Ordinary shares of £0.01 each in Bank of Georgia Group PLC
ISIN: GB00BF4HYT85 | |
b) | Nature of the transaction
| Purchase by Gemsstock Limited as investment manager to Gemsstock Master Fund and Gemsstock CAV Master LP. | |
c) | Price(s) and volume(s)
| Price(s) 1. £14.89 2. £15.40
| Volume(s) 1. 17,500 2. 11,000
|
d) | Aggregated information - Aggregated volume - Price
| (1) 17,500 ordinary shares were purchased at an average price per ordinary share of £14.89 on 26 May 2022 and (2) 11,000 ordinary shares were purchased at an average price per ordinary share of £15.40 on 27 May 2022, resulting in an aggregate volume of 28,500 and an aggregate price of £429,975.
| |
e) | Date of the transaction
| 1. 26 May 2022 2. 27 May 2022 | |
f) | Place of the transaction
| XLON CCEU BATP CHIX AQXE CBOE LSE Turquoise | |
Name of authorised official of issuer responsible for making notification: Computershare Company Secretarial Services Limited, Company Secretary
About Bank of Georgia Group PLC
Bank of Georgia Group PLC (the 'Company' - LSE: BGEO LN) is a FTSE-250 company. Its core entity is JSC Bank of Georgia ('Bank of Georgia', 'BOG', or the 'Bank'), a digital banking leader in Georgia that provides a suite of banking and financial services to retail clients and businesses. By building on its competitive strengths, the Group is committed to delivering strong profitability sustainably and maximising shareholder value.
Legal Entity Identifier: 213800XKDG12NQG8VC53
For further information, please visit www.bankofgeorgiagroup.com or contact:
Michael Oliver | Nini Arshakuni |
Adviser to the CEO | Head of Investor Relations |
+44 203 178 4034 | +995 322 444 444 (7515) |
This 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 securities