Director/PDMR Shareholding

RNS Number : 0438T
Georgia Capital PLC
22 March 2021
 

  London, 22 March 2021

 

 

Georgia Capital announces market purchase of shares for its Employee Benefit Trust

 

Georgia Capital PLC (CGEO or the Group) was notified on 19 March 2021 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 9,000 CGEO ordinary shares with a nominal value of 0.01 each (Shares) at a price of £5.60 per Share, traded on 19 March 2021with a settlement date of 23 March 2021.

 

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 3,310,625 Shares, representing approximately 6.9% of CGEO's issued ordinary share capital.

 

Of the 3,310,625 Shares held by the Trust, 1,706,484 Shares 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 0.5 billion 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 healthcare services business; (ii) a water utility business; (iii) a retail (pharmacy) business, (iv) an insurance business (P&C and medical insurance); (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 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

Nino Rekhviashvili

Chairman and Chief Executive

Chief Financial Officer

Head of Investor Relations

ir@gcap.ge

+995 322 005 000

+ 995 322 005 045


ir@gcap.ge

ir@gcap.ge

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFLLFLFXLBBBD
UK 100

Latest directors dealings