Company Announcements

Result of AGM

Source: RNS
RNS Number : 7909Z
Georgia Capital PLC
25 May 2021
 

London, 25 May 2021

 

Georgia Capital PLC - Result of AGM

 

The Board of Directors of Georgia Capital PLC (the "Company") announces the results of voting on the resolutions put to shareholders at its Annual General Meeting (the "AGM") held today, 25 May 2021. Details of the resolutions are set out in full in the Notice of AGM dated 13 April 2021.

 

Voting at the AGM was completed by way of a poll. All resolutions were passed by the required majority.

 

Resolutions 1 to 13 (inclusive) were passed as ordinary resolutions and resolutions 14 to 17 (inclusive) were passed as special resolutions.  The results of the poll for each resolution were as follows:

 

RESOLUTION

VOTES
FOR

%

VOTES
AGAINST

%

VOTES
TOTAL

% of ISC* VOTED

VOTES
WITHHELD

1 To receive and adopt the Annual Report and Accounts for the year ended 31 December 2020

32,982,639

100

545

0.00

32,983,184

68.85

0

2 To receive and approve the Directors' Remuneration Report for the year ended 31 December 2020

32,359,101

98.28

565,661

1.72

32,924,762

68.73

58,422

3 To re-appoint Irakli Gilauri, as an Executive Director

31,612,354

95.84

1,370,830

4.16

32,983,184

68.85

0

4 To re-appoint Kim Bradley, as a Non-Executive Director **

32,983,134

100

0

0.00

32,983,134

68.85

50

5 To re-appoint Caroline Brown, as a Non-Executive Director **

32,982,561

100

573

0.00

32,983,134

68.85

50

6   To re-appoint Maria Chatti-Gautier, as a Non-Executive Director**

32,982,561

100

573

0.00

32,983,134

68.85

50

7 To re-appoint Massimo Gesua' sive Salvadori, as a Non-Executive Director **

32,982,589

100

545

0.00

32,983,134

68.85

50

8 To re-appoint David Morrison, as a Non-Executive Director **

32,983,134

100

0

0.00

32,983,134

68.85

50

9 To re-appoint Jyrki Talvitie, as a Non-Executive Director **

32,395,831

98.22

587,303

1.78

32,983,134

68.85

50

10 To re-appoint Ernst & Young LLP as Auditor to the Company

32,977,483

99.98

5,701

0.02

32,983,184

68.85

0

11 To authorise the Audit Committee to set the remuneration of the Auditor

32,982,611

100

573

0.00

32,983,184

68.85

0

12 To authorise political donations and political expenditure

31,318,337

94.95

1,664,847

5.05

32,983,184

68.85

0

13 To authorise the Board to allot shares

31,212,592

94.63

1,770,592

5.37

32,983,184

68.85

0

14 To authorise the disapplication of pre-emption rights

31,260,172

94.78

1,722,467

5.22

32,982,639

68.85

545

15 To authorise the disapplication of pre-emption rights for the purposes of acquisitions or capital investments

31,255,044

94.76

1,727,595

5.24

32,982,639

68.85

545

16 To authorise the Company to purchase its own shares

32,977,461

99.98

5,723

0.02

32,983,184

68.85

0

17  To authorise the Company to make off-market purchases of its own shares

31,313,609

94.94

1,669,575

5.06

32,983,184

68.85

0

 

*Issued share capital

**Independent Director

 

 

 

 

 

Notes:

 

1.         As at the date of the AGM, the Company had 47,903,785 ordinary shares in issue. The Company did not hold any shares in treasury and therefore the number of total voting rights as at the date of the AGM was 47,903,785. In accordance with the Company's Articles of Association and subject to the Listing Rules, on a poll every member who is present in person or by proxy has one vote for every share held.

 

2.         The scrutineer of the poll was Computershare Investor Services PLC, the Company's Share Registrar.

 

3.         Note that a "vote withheld" is not a vote in law and such votes have not been included in the calculation of votes "for" and "against" each resolution. Proxy appointments which gave discretion to the Chairman have been included in the "for" total above.

 

In accordance with Listing Rule 9.6.2, copies of the resolutions which constitute special business at the AGM (being resolutions 12 to 17) will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

A copy of this announcement has been posted on the Company's website www.georgiacapital.ge.  

 

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 0.5 billion 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 healthcare services business; (ii) a water utility business; (iii) a retail (pharmacy) business, (iv) an insurance business (P&C and medical insurance); (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 and a 19.9% equity stake 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

B2/CFR & B2/PDR

 For further information, please visit www.georgiacapital.ge or contact: 

 

Irakli Gilauri

Giorgi Alpaidze

Chairman and Chief Executive

Chief Financial Officer

ir@gcap.ge

+995 322 005 000


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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