BGEO Group PLC (BGEO or the Group), the holding company of JSC Bank of Georgia (the Bank), Georgia’s leading bank, was notified on Friday, 11 December 2015, by Sanne Fiduciary Services Limited (Sanne), acting as trustee of the Rubicon Executive Equity Compensation Trust (Trust), that Sanne purchased today in the market 73,440 BGEO ordinary shares (Shares) at an average price of £19.1592 per Share.
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.
Following the above transaction, the Trust holds a total of 1,171,406 Shares, representing approximately 2.97% of the Company's issued ordinary share capital.
Of the 1,171,406 Shares held by the Trust, 725,285 of these Shares have already been awarded and have vested or remain unvested.
Name of authorised official of issuer responsible for making notification:
Kate Bennett Rea, Company Secretary
