Tbilisi (GBC) - TBC Bank Group PLC ("TBC PLC") announces that following the approval by the Remuneration Committee of the number of deferred shares to be awarded to the below listed PDMRs as part of their fixed salary and annual bonus for the year 2024, TBC PLC has now transferred respective number of shares to those individuals as set out below.
It should be noted that until now, the group only issued bonus shares to senior management. This time, Oliver Hughes, Bidzina Matsaberidze, Gvantsa Murgvliani and Nikoloz Gvaberidze were added to the list of share recipients. Vakhtang Butskhrikidze received the most shares this year as well.
Ordinary shares with a nominal value of £0.01 were transferred to managers in the form of deferred shares under the remuneration scheme, which they will be able to redeem gradually over several years according to their contracts.
The transaction took place on the London Stock Exchange on March 14.
The current value of each ordinary share on the London Stock Exchange is £45.05, accordingly, the value of bonus shares is ≈£8.8 million.
Entities |
Position |
Issued Shares |
Vakhtang Butskhrikidze |
TBC PLC CEO |
68,097 shares |
Giorgi Megrelishvili |
TBC Bank Deputy CEO |
21,347 shares |
Nino Masurashvili |
TBC Bank Deputy CEO |
23,554 shares |
Tornike Gogichaishvili |
TBC Bank Deputy CEO |
16,399 shares |
Goga Tkhelidze |
TBC Bank Deputy CEO |
24,063 shares |
Nika Kurdiani |
TBC PLC Operation CEO of Uzbekistan |
14,052 shares |
Oliver Hughes |
Head of the International Business Department |
19,914 shares |
Bidzina Matsaberidze |
TBC Bank (CIO) |
5,297 shares |
Gvantsa Murgvliani |
Head of Human Capital Management Department at TBC Bank |
1,295 shares |
Nikoloz Gvaberidze |
Head of Retail Lending and Operations Department at TBC Bank |
1,416 shares |