Last checked at 28 Jun 2019 16:10
28 June 2019
Georgia Capital announces transfer of shares to its Employee Benefit Trust
Georgia Capital PLC (CGEO or the Group) announces that on 27 June 2019 it transferred 686,468 CGEO ordinary shares with a nominal value of £0.01 each (Shares) from Treasury to Sanne Fiduciary Services Limited (Sanne), acting as trustee of the JSC Georgia Capital Executive Equity Compensation Trust (the Trust), at a price of £10.70 (rounded to two decimal points) per Share.
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 2,363,218 Shares, representing approximately 6.47% of CGEO's issued ordinary share capital.
Of the 2,363,218 Shares held by the Trust, 945,527 Shares are allocated to existing awards.
Name of authorised official of issuer responsible for making notification:
Link Company Matters Limited, Company Secretary