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Georgia Capital PLC ( (GB:CGEO) ) just unveiled an update.
Georgia Capital PLC has cancelled 40,000 treasury shares as part of its ongoing share buyback and cancellation programme, in line with section 729 of the UK Companies Act 2006. Following the transaction, the company now holds 20,000 ordinary shares in treasury, with 34,894,357 ordinary shares in issue and 34,874,357 voting rights outstanding, a move that marginally reduces share count and may enhance value per share for existing shareholders by slightly increasing their proportional ownership.
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 financial services, healthcare, education, and infrastructure. The company provides capital and strategic oversight to its portfolio firms, giving international investors exposure to the Georgian economy through a diversified, actively managed platform.
Average Trading Volume: 47,715
Technical Sentiment Signal: Buy
Current Market Cap: £1.06B
See more insights into CGEO stock on TipRanks’ Stock Analysis page.