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Georgia Capital PLC ( (GB:CGEO) ) has shared an update.
Georgia Capital PLC has repurchased 10,000 of its own ordinary shares on the London Stock Exchange at a price of 3,000 pence per share as part of its ongoing share buyback and cancellation programme, with the shares initially held in treasury pending their cancellation. Following this transaction, the company now holds 100,000 shares in treasury, with 35,064,357 ordinary shares in issue and 34,964,357 voting rights outstanding, a move that marginally reduces the free float and may enhance earnings per share and capital returns for remaining shareholders over time.
More about Georgia Capital PLC
Georgia Capital PLC is an investment holding company focused on acquiring and developing businesses in Georgia, typically in sectors with strong growth potential such as healthcare, financial services, and consumer and infrastructure-related industries. Its shares are listed on the London Stock Exchange, giving international investors access to the Georgian economy through a diversified portfolio of operating companies.
Average Trading Volume: 47,892
Technical Sentiment Signal: Buy
Current Market Cap: £1.05B
See more insights into CGEO stock on TipRanks’ Stock Analysis page.