Georgia Capital PLC Cancellation of Treasury Shares (6806K)
09 May 2022 - 5:18PM
UK Regulatory
TIDMCGEO
RNS Number : 6806K
Georgia Capital PLC
06 May 2022
London, 6 May 2022
Cancellation of shares bought back under buyback programme
Georgia Capital PLC (the "Group" or "Georgia Capital") announces
that the Group has cancelled 356,399 treasury shares bought back
under the US$20 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 1,980,354.
In accordance with Listing Rule 12.6.4, the Group discloses the
following information:
Date of cancellation 4 May 2022
Number of ordinary shares held in treasury
cancelled 356,399
-----------
Total number of ordinary shares held in
treasury following the cancellation 69,000
-----------
Total number of ordinary shares in issue
following the cancellation (excluding shares
held in treasury) 45,923,431
-----------
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 retail (pharmacy) business, (iii) an
insurance business (P&C and medical insurance); (iv) a
renewable energy business (hydro and wind assets) and (v) 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 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
This news report is presented for general informational purposes
only and should not be construed as an offer to sell or the
solicitation of an offer to buy any securities
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
POSAFMFTMTBMBJT
(END) Dow Jones Newswires
May 09, 2022 03:18 ET (07:18 GMT)
Georgia Capital (LSE:CGEO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Georgia Capital (LSE:CGEO)
Historical Stock Chart
From Apr 2023 to Apr 2024