RNS Number : 9654E
Georgia Capital PLC
29 February 2024
 

                London, 29 February 2024

 

 

Cancellation of shares bought back under buyback programme

Georgia Capital PLC (the "Group" or "Georgia Capital") announces that the Group has cancelled 218,642 treasury shares bought back under the US$ 15 million share buyback programme (the "Programme"). As a result, the total number of shares cancelled since the launch of the Programme in October 2023 is 1,153,864. 

In accordance with Listing Rule 12.6.4, the Group discloses the following information:

 

Date of cancellation

28 February 2024

Number of ordinary shares held in treasury cancelled

218,642

Total number of ordinary shares held in treasury following the cancellation

0

Total number of ordinary shares in issue following the cancellation (excluding shares held in treasury)

42,673,998

 

Name of authorised official of issuer responsible for making notification: Link Company Matters Limited, Company Secretary

 

About Georgia Capital PLC

Georgia Capital (LEI: 213800Q65T5GNBOW7H65) 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 300 million 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 retail (pharmacy) business, (ii) a hospitals business, (iii) an insurance business (P&C and medical insurance); (iv) a clinics and diagnostics business, (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; a 20.0% equity stake in the water utility business and a 19.71% equity stake (at 31-Dec-23) 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

'BB-'/FC & 'BB-'/LC



 For further information, please visit www.georgiacapital.ge or contact:

 

Irakli Gilauri

Giorgi Alpaidze

Michael Oliver

Shalva Bukia

Chairman and Chief Executive

Chief Financial Officer

Adviser to the Chairman & CEO

Head of Investor Relations

ir@gcap.ge

+995 322 005 000

+44 203 178 4034

+ 995 322 005 045


ir@gcap.ge

ir@gcap.ge

ir@gcap.ge

 

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