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Georgia Capital PLC ( (GB:CGEO) ) just unveiled an announcement.
Georgia Capital PLC has continued its share buyback and cancellation programme, with Deutsche Bank AG’s London branch, trading as Deutsche Numis, repurchasing 10,000 ordinary shares on 11 March 2026 on the London Stock Exchange at a volume-weighted average price of 3,662.3088 pence. Following this latest transaction, the company will hold 35,000 shares in treasury pending weekly cancellations, leaving 34,639,357 ordinary shares in issue and 34,604,357 voting rights, underscoring an ongoing strategy to return capital to shareholders and potentially enhance earnings per share.
The incremental reduction in free-float shares through treasury holdings and planned cancellations slightly concentrates ownership and may support the share price over time. For existing investors, the programme signals management’s confidence in the company’s valuation and balance sheet strength, while also fine-tuning the capital structure in line with market practice for London-listed investment vehicles.
More about Georgia Capital PLC
Georgia Capital PLC is an investment holding company focused on equity investments in businesses with exposure to the Georgian economy. Listed on the London Stock Exchange, it provides shareholders with access to a diversified portfolio spanning key sectors in Georgia, aiming to generate long-term capital growth through active ownership and capital allocation.
Average Trading Volume: 64,375
Technical Sentiment Signal: Buy
Current Market Cap: £1.27B
For a thorough assessment of CGEO stock, go to TipRanks’ Stock Analysis page.