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