Georgia Healthcare Group PLC Results of External Audit Tender Process (0320H)

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RNS Number : 0320H

Georgia Healthcare Group PLC

12 November 2018

London, 12 November 2018

Georgia Healthcare Group PLC announces results of external audit tender process

Georgia Healthcare Group ("GHG" or "the Group") announces that it proposes that Ernst & Young LLP ("EY") be re-appointed as the Group's auditor. This proposal follows a competitive tender process for the statutory audit contract overseen by the Audit Committee of GHG, resulting in a recommendation which was approved by the Board.

A resolution to approve the re-appointment of EY will be put to shareholders at the Company's AGM in 2019.

The Board would like to thank all firms who participated in the audit tender and looks forward to working with EY again.

Name of authorised official of issuer responsible for making notification:

Ketevan Kalandarishvili, Head of Investor Relations

About Georgia Healthcare Group PLC

Georgia Healthcare Group PLC is a UK incorporated holding company of the largest healthcare services provider in the fast-growing, predominantly privately-owned, Georgian healthcare services market. GHG's leadership position is underpinned by offering the most comprehensive range of inpatient and outpatient services targeting the mass market segment through its vertically integrated network of 37 hospitals and 16 district polyclinics. GHG is the single largest market participant, accounting for 25% of total hospital bed capacity in the country, as of 30 June 2018. GHG is also the largest pharmaceuticals retailer and wholesaler in Georgia, with approximately 30% market share by revenue. GHG is the second largest provider of medical insurance in Georgia with a 27% market share based on net insurance premiums earned and approximately 158,000 insurance customers as at June 2018. GHG employed a total of c.15,500 people as at 30 June 2018, including c.3,600 physicians and 2,900 pharmacists.

For further information, please visit ghg.com.ge or contact:

 
      Nikoloz Gamkrelidze            Irakli Gogia                      Ketevan Kalandarishvili 
      CEO                            CFO                               Head of Investor 
                                                                        Relations 
                                                                          [phone] 
      [phone] (5077)             [phone] (5088)            (5079) 
      [e-mail]            [e-mail]            [e-mail] 
 

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November 12, 2018 06:30 ET (11:30 GMT)