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Georgia Capital PLC ( (GB:CGEO) ) has provided an update.
Georgia Capital PLC has cancelled 50,000 of its ordinary shares previously held in treasury as part of its ongoing share buyback and cancellation programme, in line with UK company law and listing rules. Following this cancellation, the company now holds 20,000 shares in treasury, has 34,964,357 ordinary shares in issue, and reports 34,944,357 voting rights, a move that marginally reduces share count and can enhance value for existing shareholders by increasing earnings per share and voting power concentration.
More about Georgia Capital PLC
Georgia Capital PLC is a London-listed holding company that invests in and manages businesses in Georgia across sectors such as healthcare, retail, insurance, and renewable energy, providing exposure to the Georgian economy for international investors.
Average Trading Volume: 49,069
Technical Sentiment Signal: Buy
Current Market Cap: £1.07B
For detailed information about CGEO stock, go to TipRanks’ Stock Analysis page.