Georgia Capital PLC Cancellation of Treasury Shares
29 June 2024 - 12:46AM
RNS Regulatory News
RNS Number : 4301U
Georgia Capital PLC
28 June 2024
London, 28 June
2024
Cancellation of shares bought
back under buyback programme
Georgia Capital PLC (the
"Group" or "Georgia Capital") announces that the
Group has cancelled 424,313
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 May
2024 is 660,313.
In accordance with Listing Rule
12.6.4, the Group discloses the following information:
Date of cancellation
|
28 June 2024
|
Number of ordinary shares held in
treasury cancelled
|
424,313
|
Total number of ordinary shares held
in treasury following the cancellation
|
101,195
|
Total number of ordinary shares in
issue following the cancellation (excluding shares held in
treasury)
|
42,013,685
|
Name of authorised official of
issuer responsible for making notification: Link Company Matters Limited, Company Secretary
About Georgia Capital PLC
Georgia Capital (LEI:
213800Q65T5GNBOW7H65) 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 19.71% equity stake (at
31-Mar-24) 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
|
'BB-'/FC & 'BB-'/LC
|
|
|
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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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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