Last checked at 13 Apr 2023 07:00
London, 13 April 2023
Georgia Capital PLC announces transfer to a Standard Listing on the London Stock Exchange
Georgia Capital PLC (the "Company" or "GCAP") announces that the transfer of its Listing on the London Stock Exchange ("LSE") from "Premium Listing (commercial company)" to "Standard Listing (shares)" (the "Transfer") will take effect as of 8:00 a.m. today.
As previously announced on 17 February 2023, the GCAP Board believes that the Transfer will help the Company better achieve its strategic goals and produce greater value for shareholders. This announcement follows the general meeting of the Company held on 14 March 2023 at which the relevant resolution in relation to the Transfer was approved by the shareholders.
Name of authorised official of issuer responsible for making notification: Shalva Bukia, Head of Investor Relations and Funding
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 20.6% equity stake (at 31-Dec-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