London, 3 June 2021
Georgia Capital announces market purchase of shares for its Employee Benefit Trust
Georgia Capital PLC (CGEO or the Group) was notified on 1 June 2021 by Sanne Fiduciary Services Limited (Sanne) acting as trustee of the JSC Georgia Capital Employee Benefit Trust (the Trust), that Sanne, through an independent broker, purchased in the market 41,229 CGEO ordinary shares with a nominal value of £0.01 each (Shares) at a price of £6.15 per Share, traded on 1 June 2021 with a settlement date of 3 June 2021.
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 3,331,316 Shares, representing approximately 6.95% of CGEO's issued ordinary share capital.
1,404,610 of the Shares held by the Trust 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 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.
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JSC Georgia Capital has, as of the date hereof, the following credit ratings: |
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S&P Global |
'B'/FC & 'B'/LC |
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Moody's |
B2/CFR & B2/PDR |
For further information, please visit www.georgiacapital.ge or contact:
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Irakli Gilauri |
Giorgi Alpaidze |
Shalva Bukia |
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Chairman and Chief Executive |
Chief Financial Officer |
IR and Funding Senior Manager |
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+995 322 005 000 |
+ 995 322 005 045 |
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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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