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Georgia Capital PLC ( (GB:CGEO) ) just unveiled an announcement.
Georgia Capital PLC has continued executing its share buyback and cancellation programme, with Deutsche Bank’s London branch purchasing 45,000 ordinary shares on the London Stock Exchange between 27 April and 1 May 2026. The volume-weighted average prices ranged around 3,866 to 4,073 pence per share, reflecting sustained capital return efforts.
The company has applied to cancel the repurchased shares, which will reduce its share count to 34,258,998 ordinary shares in issue with no treasury stock held. This reduction in share capital is expected to enhance earnings per share and signal management’s confidence in the company’s valuation, impacting existing shareholders through increased ownership concentration.
More about Georgia Capital PLC
Georgia Capital PLC is an investment holding company focused on portfolio businesses primarily linked to the Georgian economy. Its interests typically span sectors such as healthcare, financial services, real estate and consumer-oriented industries, providing diversified exposure to the country’s growth and capital markets.
Average Trading Volume: 70,177
Technical Sentiment Signal: Buy
Current Market Cap: £1.33B
See more data about CGEO stock on TipRanks’ Stock Analysis page.