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An announcement from Georgia Capital PLC ( (GB:CGEO) ) is now available.
Georgia Capital PLC has continued its ongoing share buyback and cancellation programme, with Deutsche Bank’s London branch purchasing a total of 50,000 ordinary shares on the London Stock Exchange between 30 March and 2 April 2026. The purchases were executed at volume-weighted average prices ranging from about 3,531 pence to 3,819 pence per share over the four trading days.
The company has applied to cancel the repurchased shares, which will reduce its share count to 34,409,357 ordinary shares in issue, with no shares held in treasury. The reduction in share capital is set to enhance capital efficiency and may support earnings per share and shareholder value by concentrating ownership among remaining investors.
More about Georgia Capital PLC
Georgia Capital PLC is a London-listed investment holding company focused on Georgian businesses. The group typically builds and consolidates sector-leading positions across the Georgian economy, giving investors exposure to a diversified portfolio spanning key domestic industries and long-term growth opportunities in the country’s capital markets.
Average Trading Volume: 72,552
Technical Sentiment Signal: Buy
Current Market Cap: £1.33B
See more insights into CGEO stock on TipRanks’ Stock Analysis page.