Georgia Capital Buys Back 10,000 Shares in Ongoing London Programme

Georgia Capital PLC ( (GB:CGEO) ) has issued an announcement.

Georgia Capital PLC has repurchased 10,000 of its own ordinary shares on the London Stock Exchange as part of its ongoing share buyback and cancellation programme, at a volume-weighted average price of 3,560.7037 pence per share. Following this transaction, the company holds 45,000 shares in treasury, with 34,594,357 voting rights remaining out of a total 34,639,357 ordinary shares in issue, slightly reducing the free float and potentially enhancing earnings per share and capital returns for investors.

The transaction was executed by Deutsche Bank AG’s London branch, trading as Deutsche Numis, and the repurchased shares will be cancelled on a weekly basis after being temporarily held in treasury. This continued buyback activity underscores Georgia Capital’s commitment to active balance sheet management and signals confidence in its valuation, which may be supportive for the stock and existing shareholders over time.

More about Georgia Capital PLC

Georgia Capital PLC is an investment holding company focused on Georgia, concentrating on sectors such as healthcare, renewable energy, education and real estate. Listed on the London Stock Exchange, it allocates capital across a portfolio of Georgian businesses, aiming to generate long-term value for shareholders through active ownership and disciplined capital management.

Average Trading Volume: 64,563

Technical Sentiment Signal: Buy

Current Market Cap: £1.26B

For a thorough assessment of CGEO stock, go to TipRanks’ Stock Analysis page.