RNS Number : 4196B

Georgia Capital PLC

30 September 2022

London, 30 September 2022

Cancellation of shares bought back under buyback programme

Georgia Capital PLC (the "Group" or "Georgia Capital") announces that the Group has cancelled 94,223 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 3,075,923.

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

 Date of cancellation                             30 September 2022 
 Number of ordinary shares held in treasury 
  cancelled                                       94,223 
 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)                               44,827,862 

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 

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

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(END) Dow Jones Newswires

September 30, 2022 11:39 ET (15:39 GMT)

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