Georgia Capital PLC Director/PDMR Shareholding (2600Y)
August 20 2018 - 1:30AM
UK Regulatory
TIDMCGEO
RNS Number : 2600Y
Georgia Capital PLC
20 August 2018
London, 20 August 2018
Georgia Capital announces market purchase of shares for its
Employee Benefit Trust
Georgia Capital PLC (CGEO or the Group) was notified by Sanne
Fiduciary Services Limited (Sanne), acting as trustee of the JSC
Georgia Capital Executive Equity Compensation Trust (the Trust),
that Sanne, through an independent broker-managed buyback
programme, purchased in the market 90,000 CGEO ordinary shares with
a nominal value of GBP0.01 each (Shares) at a price of GBP10.02
(rounded to two decimal points) per Share, traded on 17 August 2018
with a settlement date of 21 August 2018.
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.
Upon settlement of the above transaction, the Trust will hold a
total of 1,504,654 Shares, representing approximately 3.92% of
CGEO's issued ordinary share capital.
Of the 1,504,654 Shares held by the Trust, 289,500 Shares are
allocated to existing awards.
Name of authorised official of issuer responsible for making
notification: Link Company Matters Limited, Company Secretary
About Georgia Capital PLC
Georgia Capital is the holding company of a diversified group
focused on investing in and developing businesses in Georgia with
holdings in sectors that are expected to benefit from the continued
growth and further diversification of the Georgian economy, the
opening of the Georgian economy to Europe and economic development
in the wider region. The Group seeks to capture growth in the
sectors in which it currently operates and drive the development of
new high-growth businesses in Georgia, which it intends to add
either by acquiring businesses in their early development stage or
by establishing greenfield businesses, often consolidating
fragmented or underdeveloped markets. The Group currently has four
key portfolio companies: (i) GGU, a water utility and renewable
energy business; (ii) m(2) , a residential and commercial property
developer; (iii) Aldagi, the foremost provider of property and
casualty insurance products in Georgia; and (iv) Teliani, a leading
wine and beer producer in Georgia.
In addition to its portfolio companies, the Group holds
investments in two London Stock Exchange premium-listed Georgian
businesses: GHG, (57% stake), the parent company of the largest and
diversified healthcare provider in Georgia, which operates in the
healthcare services, pharmacy and medical insurance sectors; and
Bank of Georgia Group PLC, (19.9% stake), a leading universal bank
in Georgia.
JSC Georgia Capital has, as of
the date hereof, the following
credit ratings:
S&P Global 'B+'/FC & 'B+'/LC
Moody's B2/CFR & B2/PDR
For further information, please visit www.georgiacapital.ge or
contact:
Irakli Gilauri Giorgi Alpaidze Nino Rekhviashvili
Chairman and Chief Executive Chief Financial Officer Head of Investor Relations
+995 322 005 035 +995 322 005 000 + 995 322 005 045
igilauri@gcap.ge giorgi.alpaidze@gcap.ge ir@gcap.ge
This news report is presented for general informational purposes
only and should not be construed as an offer to sell or the
solicitation of an offer to buy any securities
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHXBLBLVVFZBBQ
(END) Dow Jones Newswires
August 20, 2018 02:30 ET (06:30 GMT)
Georgia Capital (LSE:CGEO)
Historical Stock Chart
From Apr 2024 to May 2024
Georgia Capital (LSE:CGEO)
Historical Stock Chart
From May 2023 to May 2024