Director/PDMR Shareholding

RNS Number : 6707R

Georgia Capital PLC

18 June 2018

 

                London, 18 June 2018

Georgia Capital announces market purchase of shares for its Employee Benefit 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-managed buyback programme, purchased in the market 104,285 CGEO ordinary shares with a nominal value of £0.01 each (Shares) at a price of £11.50 (rounded to two decimal points) per Share, traded on 15 June 2018 with a settlement date of 19 June 2018.

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 700,094 Shares, representing approximately 1.78% of CGEO's issued ordinary share capital.

Of the 700,094 Shares held by the Trust, no Shares are allocated to existing awards.

Name of authorised official of issuer responsible for making notification: Rebecca Wooldridge, Company Secretary

LEI: 213800Q65T5GNBOW7H65

About Georgia Capital PLC

Georgia Capital is the holding company of a diversified group focused on investing in 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 opening of the Georgian economy to Europe and economic development in the wider region. The Group seeks to capture growth in the sectors in which it currently operates and drive the development of new high-growth businesses in Georgia, which it intends to add either by acquiring businesses in their early development stage or by establishing greenfield businesses, often consolidating fragmented or underdeveloped markets. The Group currently has four key portfolio companies: (i) GGU, a water utility and renewable energy business; (ii) m², a residential and commercial property developer; (iii) Aldagi, the foremost provider of property and casualty insurance products in Georgia; and (iv) Teliani, a leading wine and beer producer in Georgia.

In addition to its portfolio companies, the Group holds investments in two London Stock Exchange premium-listed Georgian businesses: GHG, (57% stake), the parent company of the largest and diversified healthcare provider in Georgia, which operates in the healthcare services, pharmacy and medical insurance sectors; and Bank of Georgia Group PLC, (19.9% stake), 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	Michael Oliver	Giorgi Alpaidze	Nino Rekhviashvili
Chairman and Chief Executive	Adviser to the CEO	Chief Financial Officer	Head of Investor Relations
[phone]	[phone]	[phone]	[phone] (9072)
[e-mail]	[e-mail]	[e-mail]	[e-mail]

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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