Georgia Capital PLC Director/PDMR Shareholding (0438T)
March 22 2021 - 6:08AM
UK Regulatory
TIDMCGEO
RNS Number : 0438T
Georgia Capital PLC
22 March 2021
London, 22 March 2021
Georgia Capital announces market purchase of shares for its
Employee Benefit Trust
Georgia Capital PLC (CGEO or the Group) was notified on 19 March
2021 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, purchased in the
market 9,000 CGEO ordinary shares with a nominal value of GBP0.01
each (Shares) at a price of GBP5.60 per Share, traded on 19 March
2021with a settlement date of 23 March 2021.
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 3,310,625
Shares, representing approximately 6.9% of CGEO's issued ordinary
share capital.
Of the 3,310,625 Shares held by the Trust, 1,706,484 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 a platform for buying, building 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 Group's focus is
typically on larger-scale investment opportunities in Georgia,
which have the potential to reach at least GEL 0.5 billion equity
value over 3-5 years from the initial investment and to monetise
them through exits, as investments mature. Georgia Capital
currently has the following portfolio businesses: (i) a healthcare
services business; (ii) a water utility business; (iii) a retail
(pharmacy) business, (iv) an insurance business (P&C and
medical insurance); (v) a renewable energy business (hydro and wind
assets) and (vi) an education business; Georgia Capital also holds
other small private businesses across different industries in
Georgia and a 19.9% equity stake in LSE premium-listed Bank of
Georgia Group PLC ("BoG"), 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
ir@gcap.ge +995 322 005 000 + 995 322 005 045
ir@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
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END
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