Rule 19.6(c) announcement - Georgia Capital PLC

RNS Number : 5086D

Georgia Capital PLC

30 June 2021

 

  London, 30 June 2021

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (CODE) WHICH, AMONGST OTHER THINGS, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF THE PERIOD OF 12 MONTHS FROM THE END OF THE OFFER PERIOD CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.

GEORGIA CAPITAL PLC

("GCAP")

Rule 19.6(c) confirmation with respect to stated post-offer intentions with regard to Georgia Healthcare Group plc ("GHG")

GCAP announces that, further to the completion of its recommended share exchange offer for GHG, which became wholly unconditional on 8 July 2020, it has duly confirmed in writing to the Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code, that GCAP has complied with the post-offer intention statements made pursuant to Rules 2.7(c)(iv) and 24.2 of the Code, as set out in the offer document published on 11 June 2020 .

Name of authorised official of issuer responsible for making notification: Giorgi Alpaidze, Chief Financial Officer

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 ("Bank of Georgia"), 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	Hugh Jonathan	George Fry
Chairman and Chief Executive	Chief Financial Officer	Adviser to the Chairman & CEO	Numis Securities Limited	Numis Securities Limited
[e-mail]	[phone]	[phone]	(Financial Advisor to GCAP)	(Financial Advisor to GCAP)
	[e-mail]	[e-mail]	0207 260 1000	0207 260 1000

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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