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Georgia Capital PLC ( (GB:CGEO) ) just unveiled an announcement.
Georgia Capital PLC has cancelled 30,000 of its treasury shares as part of its ongoing share buyback and cancellation programme, in line with the UK Companies Act 2006 and relevant listing rules. Following this cancellation, the company now holds 30,000 ordinary shares in treasury, with 34,934,357 ordinary shares in issue and 34,904,357 voting rights outstanding, a move that marginally reduces the share count and can be supportive of earnings per share and capital return objectives for shareholders.
More about Georgia Capital PLC
Georgia Capital PLC is a London-listed investment holding company focused on acquiring and developing businesses in Georgia across sectors such as banking, healthcare, insurance, and other consumer and infrastructure-related industries. The company actively manages its portfolio to enhance shareholder value, including through capital allocation tools such as share buybacks and treasury share management.
Average Trading Volume: 46,187
Technical Sentiment Signal: Buy
Current Market Cap: £1.08B
For a thorough assessment of CGEO stock, go to TipRanks’ Stock Analysis page.