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Georgia Capital PLC ( (GB:CGEO) ) has shared an update.
Georgia Capital PLC has cancelled 50,000 ordinary shares held in treasury as part of its ongoing share buyback and cancellation programme, in line with section 729 of the UK Companies Act 2006. Following the transaction, the company holds 30,000 ordinary shares in treasury, with 34,844,357 ordinary shares in issue and 34,814,357 voting rights outstanding, a move that marginally reduces share count and may enhance value per share for existing investors by tightening the company’s equity base.
More about Georgia Capital PLC
Georgia Capital PLC is a London-listed investment holding company focused on acquiring and developing businesses primarily linked to the Georgian economy. The group typically invests in and manages portfolio companies across sectors such as healthcare, financial services, utilities, and other key areas of Georgia’s domestic market, aiming to create long-term value for shareholders through active ownership and capital allocation.
Average Trading Volume: 51,807
Technical Sentiment Signal: Buy
Current Market Cap: £1.12B
See more insights into CGEO stock on TipRanks’ Stock Analysis page.