Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGeorgia Capital Share News (CGEO)

Share Price Information for Georgia Capital (CGEO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,166.00
Bid: 1,154.00
Ask: 1,158.00
Change: 8.00 (0.69%)
Spread: 4.00 (0.347%)
Open: 1,140.00
High: 1,168.00
Low: 1,140.00
Prev. Close: 1,158.00
CGEO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Georgia Capital launches bond offering and tender offer

Wed, 12th Jul 2023 13:27

Georgia Capital PLC - Tbilisi-based investor focusing on domestic businesses in Georgia - Says its Georgian holding company, JSC Georgia Capital has launched a USD150 million sustainability-linked bond offering on the Georgian market. Also launches an invitation to purchase all of its outstanding USD300 million Eurobonds for cash, if the planned local market notes issuance is completed.

The company says that this will reduce Georgia Capital's leverage, and notes that a total USD84 million of the existing USD300 million has already been repurchased. Georgia Capital says the sustainability-linked bonds will decrease its gross debt balance to USD150 million from USD300 million, supported by the substantial growth in cash dividend income from the portfolio companies, and will support the development of the local capital market.

JSC Georgia Capital also launches a tender offer of its outstanding USD300 million 6.125% notes due in 2024 for cash subject to restrictions, which it says is needed to deleverage and extend debt maturity.

Chair and Chief Executive Officer Irakli Gilauri said: "The issuance of sustainability-linked bonds will make a substantial contribution to the development of the local capital market and support the transition towards a more sustainable and lower carbon economy in Georgia."

Current trading share: 855.00 pence, down 1.5%

12-month change: up 46%

By Will Neill, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved

More News
20 Aug 2018 09:38

Georgia Capital To Remain "Vigilant" Despite Net Asset Value Rise

LONDON (Alliance News) - Georgia Capital PLC said Monday it will remain "vigilant" and "disciplined" amid "regional turbulence" despite posting a 12% rise in net for

Read more
16 Aug 2018 10:30

Bank Of Georgia Interim Profit Rises On Strong Georgian Economy

LONDON (Alliance News) - Bank of Georgia Group PLC on Thursday reported an increase in interim profit as lending grew.The FTSE 250-listed lender pretax profit increased 10% to GEL186.5 from

Read more
14 Aug 2018 10:35

CORRECT: Georgia Capital Arm Buys Land Plot For USD5.3 Million

(Correcting that the purchase price was in dollars not pounds.)LONDON (Alliance News) - Georgia Capital PLC said Tuesday its hospitality and commercial real estate business bought a land in

Read more
14 Aug 2018 09:25

Georgia Capital Arm Buys Land Plot In Tbilisi For USD5.3 Million

LONDON (Alliance News) - Georgia Capital PLC said Tuesday its hospitality and commercial real estate business bought a land plot in central Tbilisi, Georgia, for GBP5.3 million in cash.The

Read more
15 Jun 2018 17:35

DIRECTOR DEALINGS: Georgia Capital Director Morrison Buys Shares

LONDON (Alliance News) - Georgia Capital PLC on Friday said Independent Director David Morrison bought shares in the company in two separate deals worth almost GBP200,000 combined.In a on a

Read more
14 Jun 2018 11:27

Georgia Capital Announces USD45 Million Share Buyback Programme

LONDON (Alliance News) - Georgia Capital PLC on Thursday said it is to start a share buyback programme worth up to USD45 million, believing its share price "significantly" undervalues of

Read more
12 Jun 2018 12:48

DIRECTOR DEALINGS: Georgia Capital Investment Chief Buys Shares

LONDON (Alliance News) - Georgia Capital PLC said that Chief Investment Officer Ekaterina Shavgulidze purchased a total of 5,497 shares for a total price of GBP61,077 last Thursday and bought last

Read more
1 Jun 2018 11:23

DIRECTOR DEALINGS: Georgia Capital Investment Chief Buys Shares

LONDON (Alliance News) - Georgia Capital PLC on Friday said Chief Investment Officer Ekaterina Shavgulidze bought shares worth GBP24,500 on Thursday.Shavgulidze purchased 2,450 shares in at

Read more
31 May 2018 18:12

DIRECTOR DEALINGS: Georgia Capital CEO Irakli Gilauri Buys Shares

LONDON (Alliance News) - Georgia Capital PLC, an investment company, said Chief Executive Officer Irakli Gilauri purchased 50,000 shares in two transactions at an aggregate price of 1,135.00 pence

Read more
31 May 2018 14:31

DIRECTOR DEALINGS: Georgia Capital Chief Buys 50,000 Shares

LONDON (Alliance News) - Georgia Capital PLC said Thursday that Chief Executive Officer Irakli Gilauri bought 50,000 shares in the company in two separate transaction.On Tuesday, Gilauri on

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.