Georgia Capital PLC Cancellation of Treasury Shares (5190U)
August 01 2022 - 12:24PM
UK Regulatory
TIDMCGEO
RNS Number : 5190U
Georgia Capital PLC
01 August 2022
London, 1 August 2022
Cancellation of shares bought back under buyback programme
Georgia Capital PLC (the "Group" or "Georgia Capital") announces
that the Group has cancelled 166,867 treasury shares bought back
under the US$25 million share buyback programme (the "Programme").
As a result, the total number of shares cancelled since the launch
of the Programme in August 2021 is 2,660,513.
In accordance with Listing Rule 12.6.4, the Group discloses the
following information:
Date of cancellation 29 July 2022
Number of ordinary shares held in treasury
cancelled 166,867
-------------
Total number of ordinary shares held in
treasury following the cancellation 30,000
-------------
Total number of ordinary shares in issue
following the cancellation (excluding shares
held in treasury) 45,243,272
-------------
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 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% equity stake in the water utility business 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 B1/CFR & B1/PDR
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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END
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