TIDMCGEO

RNS Number : 6469T

Georgia Capital PLC

26 March 2021

London, 26 March 2021

Georgia Capital announces market purchase of shares for its Employee Benefit Trust

Georgia Capital PLC (CGEO or the Group) was notified on 25 March 2021 by Sanne Fiduciary Services Limited (Sanne) acting as trustee of the JSC Georgia Capital Employee Benefit Trust (the Trust), that Sanne, through an independent broker, purchased in the market 150,970 CGEO ordinary shares with a nominal value of GBP0.01 each (Shares) at a price of GBP5.60 per Share, traded on 24 March 2021with a settlement date of 26 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 3,311,522 Shares, representing approximately 6.91% of CGEO's issued ordinary share capital.

1,519,790 of the Shares held by the Trust 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 
 

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March 26, 2021 06:17 ET (10:17 GMT)