Georgia Capital PLC Director/PDMR Shareholding (4917M)
May 23 2022 - 11:29AM
UK Regulatory
TIDMCGEO
RNS Number : 4917M
Georgia Capital PLC
23 May 2022
London, 23 May 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
179,766 CGEO ordinary shares with a nominal value of GBP0.01 each
(Shares) at a price of GBP5.78 (rounded to two decimal points) per
Share, traded on 20 May 2022 with a settlement date of 24 May
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 2,963,878
Shares, representing approximately 6.48% of CGEO's issued ordinary
share capital.
Of the 2,963,878 Shares held by the Trust, 1,612,122 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 retail (pharmacy) business, (iii) an
insurance business (P&C and medical insurance); (iv) a
renewable energy business (hydro and wind assets) and (v) an
education business; Georgia Capital also holds other small private
businesses across different industries in Georgia; a 20% equity
stake in the water utility business 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 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
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solicitation of an offer to buy any securities
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END
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