Expected admission of additional shares

Source: RNS
RNS Number : 6416X
Georgia Capital PLC
01 September 2020

GEORGIA CAPITAL PLC.                                                                



1 September 2020



On 19 May 2020 the board of directors of Georgia Capital PLC (GCAP) and the Independent Directors of Georgia Healthcare Group PLC (GHG) announced that they had reached agreement on the terms of a recommended share exchange offer to be made by GCAP for the entire issued or to be issued share capital of GHG not already owned by GCAP (the Offer).

On 17 July 2020, GCAP announced that the Offer had been closed to further acceptances at 1:00 pm (London time) on 16 July 2020, valid acceptances had been received from GHG Shareholders in respect of a total of 35,270,364 ordinary shares in GHG (GHG Shares), representing approximately 26.78% of the issued share capital of GHG as at close of the Offer and GCAP had implemented the compulsory acquisition procedure to acquire the remaining GHG Shares under Chapter 3 of Part 28 of the Companies Act. The six week period from the date of the compulsory acquisition notices expired at close of business on 28 August 2020.

GCAP hereby announces that application has been made for admission of an additional 679,992 New GCAP Shares to the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities (Admission), which relates to the acquisition of 3,400,042 GHG Shares pursuant to the compulsory acquisition procedure. Admission is expected to take place at 8:00 a.m. (London Time) on 2 September 2020.


Georgia Capital PLC                                                                        ir@gcap.ge

Irakli Gilauri, Chairman & CEO

Giorgi Alpaidze, CFO

Numis Securities Limited (Financial Advisor to GCAP)               0207 260 1000

Hugh Jonathan

George Fry

Vicki Paine

Georgia Healthcare Group PLC                                                     www.ghg.com.ge

Nikoloz Gamkrelidze

Irakli Gogia

Michael Oliver

Investec Bank plc (Financial Adviser to GHG)                              0207 597 5970

Sara Hale

William Godfrey

Tejas Padalkar

Freshfields Bruckhaus Deringer LLP is acting as legal adviser to Georgia Capital PLC in connection with the Offer. Baker & McKenzie LLP is acting as legal adviser to Georgia Healthcare Group PLC in connection with the Offer.

Important notices relating to financial advisers

Numis Securities Limited, which is authorised and regulated in the United Kingdom by the FCA, is acting as Financial Adviser exclusively for GCAP and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters in this announcement and will not be responsible to anyone other than GCAP for providing the protections afforded to clients of Numis, nor for providing advice in relation to any matter referred to herein.


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