Georgia Capital PLC Director/PDMR Shareholding (3106O)

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RNS Number : 3106O

Georgia Capital PLC

30 January 2023

London, 30 January 2023

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 58,281 CGEO ordinary shares with a nominal value of GBP0.01 each (Shares) at a price of GBP7.50 (rounded to two decimal points) per Share, traded on 27 January 2023 with a settlement date of 31 January 2023.

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 3,819,176 Shares, representing approximately 8.52% of CGEO's issued ordinary share capital.

Of the 3,819,176 Shares held by the Trust, 1,715,912 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 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 20.3% equity stake (at 30-Sep-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 
 [e-mail]                      [phone]          [phone]                + 995 322 005 045 
                                 [e-mail]                [e-mail]                      [e-mail] 
 

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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January 30, 2023 12:00 ET (17:00 GMT)