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Georgia Capital PLC ( (GB:CGEO) ) has shared an announcement.
Georgia Capital PLC has launched a new US$50 million share buyback and cancellation programme, following the completion of a prior buyback of the same size, with the aim of reducing its share capital over a nine-month period. The company will repurchase up to 3,150,275 shares on the open market at prices capped by its latest reported NAV per share and cancel treasury shares monthly, reinforcing capital discipline and potentially supporting shareholder value.
The programme will be carried out under authority granted at the 2025 AGM, in line with UK listing and market abuse regulations, and will be executed on an irrevocable, non-discretionary basis by Deutsche Numis. By committing another sizeable tranche of capital to buybacks after its previous programme, Georgia Capital underscores confidence in its valuation and balance sheet strength, while offering investors an additional route of capital return alongside its strategy of monetising maturing Georgian investments.
More about Georgia Capital PLC
Georgia Capital PLC is an investment holding company focused on buying, building and developing businesses in Georgia, targeting larger-scale opportunities capable of reaching at least GEL 300 million in equity value within three to five years. Its portfolio spans retail pharmacy, property and casualty and medical insurance, and healthcare services, and it also holds a significant minority stake in Lion Finance Group, the LSE-listed parent of leading universal banks in Georgia and Armenia.
Average Trading Volume: 61,032
Technical Sentiment Signal: Buy
Current Market Cap: £1.2B
Find detailed analytics on CGEO stock on TipRanks’ Stock Analysis page.