Cancellation of Treasury Shares

RNS Number : 0369O

Georgia Capital PLC

07 June 2022

 

  London, 7 June 2022

Cancellation of shares bought back under buyback programme

Georgia Capital PLC (the "Group" or "Georgia Capital") announces that the Group has cancelled 229,723 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 2,210,077.

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

Date of cancellation	1 June 2022
Number of ordinary shares held in treasury cancelled	229,723
Total number of ordinary shares held in treasury following the cancellation	83,500
Total number of ordinary shares in issue following the cancellation (excluding shares held in treasury)	45,693,708

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	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
[e-mail]	[phone]	[phone]	+ 995 322 005 045
	[e-mail]	[e-mail]	[e-mail]

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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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