Georgia Capital PLC Directorate Change (1538D)
18 October 2022 - 1:29AM
UK Regulatory
TIDMCGEO
RNS Number : 1538D
Georgia Capital PLC
17 October 2022
London, 17 October 2022
Georgia Capital PLC announces a new appointment to its Board of
Directors
Georgia Capital PLC ("Georgia Capital" or "the Group") announces
a new appointment to the Board of Directors ("the Board") with
immediate effect. Neil Janin has joined the Board as an independent
non-executive director. Mr Janin has also been appointed as a
member of the Remuneration and Nomination Committees and will join
the Supervisory Board of JSC Georgia Capital.
Irakli Gilauri , Chairman and CEO of Georgia Capital, commented:
"We are pleased to welcome Neil to our Board of Directors. Neil
Janin has extensive experience of serving as a non-executive
director of Georgian groups who are also listed on the London Stock
Exchange. His career spans Europe, Asia and North America, across
the retail, asset management and corporate banking industries, and
all areas of organisational practice, including governance,
culture, design, leadership, performance enhancement, change and
transformation. Neil is bringing his considerable insight of
international strategic and commercial practices, in addition to
significant experience of governance and the Georgian investment
climate, for the Group's future development."
Biography
Neil Janin has extensive experience as Non-Executive Director of
Georgian groups that are also listed on the premium sector of the
London Stock Exchange: he was Chair and Non-Executive Director of
BGEO Group PLC from October 2011 until 21 May 2018 and of Bank of
Georgia Group PLC from February 2018 until 10 March 2022, and he
served as Non-Executive Director of Georgia Capital PLC's (then
listed) subsidiary Georgia Healthcare Group PLC from September 2015
until 30 April 2018. He serves as counsel to CEOs of both
for-profit and non-profit organisations and continues to provide
consulting services to McKinsey & Company. Mr Janin was a
Director of McKinsey & Company, based in its Paris office, for
over 27 years, from 1982 until his retirement. At McKinsey &
Company, he conducted engagements in the retail, asset management
and corporate banking sectors, and was actively involved in every
aspect of organisational practice, including design, leadership,
governance, performance enhancement and transformation. Before
joining McKinsey & Company, Mr Janin worked for Chase Manhattan
Bank (now JP Morgan Chase) in New York and Paris, and Procter &
Gamble in Toronto. Mr Janin has practised in Europe, Asia and North
America. He is also a Director of Neil Janin Limited, a company
through which he provides his ongoing consulting services. Neil
Janin holds an MBA from York University, Toronto, and a joint
honours degree in Economics and Accounting from McGill University,
Montreal.
There are no other details that are required to be disclosed
under 9.6.13 of the Listing Rules.
Name of authorised official of issuer responsible for making
notification: Giorgi Alpaidze, Chief Financial Officer
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 20%
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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