Last checked at 5 Dec 2022 11:21
London, 05 December 2022
Georgia Capital announces market purchase of shares for its Executive Equity Compensation Trust
Georgia Capital PLC (CGEO or the Group) was notified 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 61,454 CGEO ordinary shares with a nominal value of £0.01 each (Shares) at a price of £7.55 (rounded to two decimal points) per Share, traded on 2 December 2022 with a settlement date of 6 December 2022.
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 3,910,914 Shares, representing approximately 8.72% of CGEO's issued ordinary share capital.
Of the 3,910,914 Shares held by the Trust, 2,069,737 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 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 20.3% equity stake (at 30-Sep-22) 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 | B1/CFR & B1/PDR |
For further information, please visit 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 | +995 322 005 000 | +44 203 178 4034 | + 995 322 005 045 |
ir@gcap.ge | 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