Bank of Georgia director reduces stake

11th Sep 2014 16:19

Sulkhan Gvalia, the deputy chief executive officer of corporate banking at Bank of Georgia Holdings, has reduced his holding in the company after trading in 7,654 shares.The shares were sold at 2,551p each for a total of £195,254.Last month, the FTSE 250 constituent hailed a record first half with revenues and profits improving over the year.The bank, which has more than a third of the market share in Georgia based on total assets, said revenue rose 7.3% to 281.5m lari (GEL) in the six months to 30 June, equal to around £98m.Meanwhile, pre-tax profit was 10.3% higher at GEL122.8m (£43m). Top Director BuysAberdeen Asian Income Fund Ltd. (AAIF) Director name: Mr Charles ClarkeAmount purchased: 49,250 @ 213.00p Value: £104,902Eurasia Mining (EUA) Director name: Mr Dmitry SuschovAmount purchased: 18,750,000 @ 0.48p Value: £90,000Gable Holdings Inc. (GAH) Director name: Mr William DewsallAmount purchased: 100,000 @ 75.50p Value: £75,500Eurasia Mining (EUA) Director name: Mr Gary FitzGeraldAmount purchased: 10,404,950 @ 0.48p Value: £49,944Compass Group (CPG) Director name: Ms Carol ArrowsmithAmount purchased: 4,035 @ 985.99p Value: £39,785Mckay Securities (MCKS) Director name: Mr David O ThomasAmount purchased: 13,523 @ 219.75p Value: £29,717SafeCharge International Group Limited (DI) (SCH) Director name: Mr Timothy (Tim) Simon MickleyAmount purchased: 11,100 @ 224.75p Value: £24,947Carr's Milling Industries (CRM) Director name: Mr Neil AustinAmount purchased: 1,000 @ 1,630.00p Value: £16,300SpaceandPeople (SAL) Director name: Mr George WattAmount purchased: 25,000 @ 47.00p Value: £11,750Eurasia Mining (EUA) Director name: Mr Michael MartineauAmount purchased: 2,430,560 @ 0.48p Value: £11,667Top Director SellsPark Group (PKG) Director name: Mr Peter JohnsonAmount sold: 175,000 @ 60.00p Value: £105,000