BGEO Group announces market purchase of shares for its Employee Benefit Trust
BGEO Group PLC (“BGEO” or the “Group”), the holding company of JSC Bank of Georgia (“the Bank”), Georgia’s leading bank, was notified today by Sanne Fiduciary Services Limited (“Sanne”), acting as trustee of the Rubicon Executive Equity Compensation Trust (“Trust”), that on 27 November 2015, Sanne purchased in the market 135,000 BGEO ordinary shares (“Shares”) at an average price of £18.20558 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 1,085,749 Shares, representing approximately 2.75% of the Company's issued ordinary share capital.
Of the 1,085,749 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