REG - Georgia Capital PLC - Cancellation of Treasury Shares

Georgia CapitalAnnouncement

29/02/2024 10:15

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RNS Number : 9654E  Georgia Capital PLC  29 February 2024

                London, 29 February 2024

 

 

Cancellation of shares bought back under buyback programme

Georgia Capital PLC (the "Group" or "Georgia Capital") announces that the
Group has cancelled 218,642 treasury shares bought back under the US$ 15
million share buyback programme (the "Programme"). As a result, the total
number of shares cancelled since the launch of the Programme in October 2023
is 1,153,864.

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

 

 Date of cancellation                                                            28 February 2024
 Number of ordinary shares held in treasury cancelled                            218,642
 Total number of ordinary shares held in treasury following the cancellation     0
 Total number of ordinary shares in issue following the cancellation (excluding  42,673,998
 shares held in treasury)

 

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-Dec-23) 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
(http://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 (mailto:ir@gcap.ge)  +995 322 005 000                +44 203 178 4034                   + 995 322 005 045
                                 ir@gcap.ge (mailto:ir@gcap.ge)  ir@gcap.ge (mailto:ir@gcap.ge)     ir@gcap.ge (mailto: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

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