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An update from Georgia Capital PLC ( (GB:CGEO) ) is now available.
Georgia Capital PLC has announced an $18 million increase to its existing $50 million share buyback and cancellation program, aiming to reduce share capital. This move is part of the company’s broader strategy to return GEL 300 million to shareholders by the end of 2026, ahead of schedule. The program, managed by Numis Securities Limited, will run until October 2025, with shares purchased in the open market and cancelled monthly. This initiative reflects Georgia Capital’s commitment to enhancing shareholder value and optimizing its capital structure.
More about Georgia Capital PLC
Georgia Capital PLC is a platform focused on acquiring, developing, and managing businesses in Georgia. The company invests in sectors poised to benefit from the country’s economic growth and diversification, targeting large-scale opportunities with potential equity value of at least GEL 300 million over 3-5 years. Its portfolio includes businesses in retail pharmacy, insurance, healthcare services, and stakes in other private businesses, including a significant equity stake in a leading bank in Georgia and Armenia.
Average Trading Volume: 82,962
Technical Sentiment Signal: Buy
Current Market Cap: £700.3M
Learn more about CGEO stock on TipRanks’ Stock Analysis page.