Georgia Capital PLC Director/PDMR Shareholding (2006K)
20 December 2022 - 12:01AM
UK Regulatory
TIDMCGEO
RNS Number : 2006K
Georgia Capital PLC
19 December 2022
London, 19 December 2022
Georgia Capital announces market purchase of shares for its
Executive Equity Compensation Trust
Georgia Capital PLC (CGEO or the Group) was notified by Sanne
Fiduciary Services Limited (Sanne), acting as trustee of the JSC
Georgia Capital Executive Equity Compensation Trust (the Trust),
that Sanne, through an independent broker, purchased in the market
100,000 CGEO ordinary shares with a nominal value of GBP0.01 each
(Shares) at a price of GBP7.51 (rounded to two decimal points) per
Share, traded on 16 December 2022 with a settlement date of 20
December 2022.
The Trust holds the Shares for the purpose of satisfying awards
to be awarded to beneficiaries of the Trust. The executive
directors and persons discharging managerial responsibility of the
Group are potential beneficiaries under the Trust and are therefore
treated as having an interest in such Shares. Upon settlement of
the above transaction, the Trust will hold a total of 4,097,914
Shares, representing approximately 9.14% of CGEO's issued ordinary
share capital.
Of the 4,097,914 Shares held by the Trust, 2,069,737 are
allocated to existing awards.
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 20.0% equity stake in the water utility business and a
20.3% equity stake (at 30-Sep-22) 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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