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Georgia Capital PLC ( (GB:CGEO) ) has provided an update.
Georgia Capital PLC has repurchased 10,000 of its own ordinary shares on the London Stock Exchange at a volume-weighted average price of 3,225 pence per share as part of its ongoing share buyback and cancellation programme. The transaction, executed by Deutsche Bank AG’s London branch trading as Deutsche Numis, increases the company’s treasury shares to 70,000 and leaves 34,774,357 voting rights outstanding out of a total 34,844,357 shares in issue, effectively tightening the free float and signalling continued capital management discipline that may support earnings per share and shareholder value over time.
More about Georgia Capital PLC
Georgia Capital PLC is a London-listed investment holding company focused on acquiring and developing businesses with exposure to the Georgian economy. Its portfolio typically spans sectors such as financial services, healthcare, education, and infrastructure, providing investors with diversified access to growth opportunities in Georgia’s domestic market.
Average Trading Volume: 52,494
Technical Sentiment Signal: Buy
Current Market Cap: £1.16B
For a thorough assessment of CGEO stock, go to TipRanks’ Stock Analysis page.