Georgia Capital PLC Cancellation of Treasury Shares (2730U)
02 December 2021 - 3:06AM
UK Regulatory
TIDMCGEO
RNS Number : 2730U
Georgia Capital PLC
01 December 2021
London, 1 December 2021
Cancellation of shares bought back under buyback programme
Georgia Capital PLC (the "Group" or "Georgia Capital") announces
that the Group has today cancelled 110,500 treasury shares bought
back under the US$10 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 698,582.
In accordance with Listing Rule 12.6.4, the Group discloses the
following information:
Date of cancellation 1 December 2021
Number of ordinary shares held in treasury
cancelled 110,500
----------------
Total number of ordinary shares held in
treasury following the cancellation 10,000
----------------
Total number of ordinary shares in issue
following the cancellation (excluding shares
held in treasury) 47,205,203
----------------
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 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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solicitation of an offer to buy any securities
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END
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