Georgia Capital PLC Expected admission of additional shares (6416X)
01 September 2020 - 5:17PM
UK Regulatory
TIDMCGEO
RNS Number : 6416X
Georgia Capital PLC
01 September 2020
GEORGIA CAPITAL PLC.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
FOR IMMEDIATE RELEASE.
1 September 2020
EXPECTED ADMISSION OF ADDITIONAL SHARES IN GEORGIA CAPITAL
PLC
On 19 May 2020 the board of directors of Georgia Capital PLC
(GCAP) and the Independent Directors of Georgia Healthcare Group
PLC (GHG) announced that they had reached agreement on the terms of
a recommended share exchange offer to be made by GCAP for the
entire issued or to be issued share capital of GHG not already
owned by GCAP (the Offer).
On 17 July 2020, GCAP announced that the Offer had been closed
to further acceptances at 1:00 pm (London time) on 16 July 2020,
valid acceptances had been received from GHG Shareholders in
respect of a total of 35,270,364 ordinary shares in GHG (GHG
Shares), representing approximately 26.78% of the issued share
capital of GHG as at close of the Offer and GCAP had implemented
the compulsory acquisition procedure to acquire the remaining GHG
Shares under Chapter 3 of Part 28 of the Companies Act. The six
week period from the date of the compulsory acquisition notices
expired at close of business on 28 August 2020.
GCAP hereby announces that application has been made for
admission of an additional 679,992 New GCAP Shares to the premium
listing segment of the Official List and to trading on the London
Stock Exchange's main market for listed securities (Admission),
which relates to the acquisition of 3,400,042 GHG Shares pursuant
to the compulsory acquisition procedure. Admission is expected to
take place at 8:00 a.m. (London Time) on 2 September 2020.
Enquiries
Georgia Capital PLC ir@gcap.ge
Irakli Gilauri, Chairman & CEO
Giorgi Alpaidze, CFO
Numis Securities Limited (Financial Advisor to GCAP) 0207 260 1000
Hugh Jonathan
George Fry
Vicki Paine
Georgia Healthcare Group PLC www.ghg.com.ge
Nikoloz Gamkrelidze
Irakli Gogia
Michael Oliver
Investec Bank plc (Financial Adviser to GHG) 0207 597 5970
Sara Hale
William Godfrey
Tejas Padalkar
Freshfields Bruckhaus Deringer LLP is acting as legal adviser to
Georgia Capital PLC in connection with the Offer. Baker &
McKenzie LLP is acting as legal adviser to Georgia Healthcare Group
PLC in connection with the Offer.
Important notices relating to financial advisers
Numis Securities Limited, which is authorised and regulated in
the United Kingdom by the FCA, is acting as Financial Adviser
exclusively for GCAP and no one else in connection with the matters
set out in this announcement and will not regard any other person
as its client in relation to the matters in this announcement and
will not be responsible to anyone other than GCAP for providing the
protections afforded to clients of Numis, nor for providing advice
in relation to any matter referred to herein.
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END
ALSUPUAGBUPUUMG
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