Georgia Capital PLC
14 August 2026
London, 14 August 2026
Commencement of US$ 50 million share buyback and cancellation programme
Georgia Capital PLC (the "Company" or "Georgia Capital") announces that, following the completion of its previously announced US$ 60 million share buyback and cancellation programme, the Company has today launched a new US$ 50 million share buyback and cancellation programme (the "Programme"). The Programme will remain in effect for a period of six to nine months. The shares will be purchased in the open market and the cancellation of the treasury shares will be executed on a weekly basis. The purpose of the buyback is to reduce the Company's share capital.
The Programme is the first tranche of the Company's GEL 1 billion capital allocation programme, announced on 4 August 2026, which will run through the end of 2029 and cover a combination of capital returns through share buybacks and, potentially, dividends, together with business investments in Georgia and Armenia.
In accordance with the authority granted by the shareholders at the 2026 annual general meeting ("AGM"), the maximum number of shares that may be repurchased is 4,682,370. The Programme is conducted within certain pre-set parameters, and in accordance with the general authority to repurchase shares granted at the 2026 AGM and the provisions of the Market Abuse Regulation 596/2014/EU and of the Commission Delegated Regulation (EU) 2016/1052 (as they form part of UK domestic law).
The Company has appointed Numis Securities Limited ("Deutsche Numis") to manage an irrevocable, non‐discretionary share buyback programme until the end of the Programme. During closed periods the Company and its directors have no power to invoke any changes to the Programme and it is being executed at the sole discretion of Deutsche Numis.
The Company will make further announcements in due course following the completion of any share repurchases.
Name of authorised official of issuer responsible for making notification: Anano Akhobadze, Head of Investor Relations and Funding
About Georgia Capital PLC
Georgia Capital (LEI: 213800Q65T5GNBOW7H65) is a platform for buying, building and developing businesses in Georgia with holdings in sectors that are expected to benefit from the continued growth and further diversification of the Georgian economy. The Company's focus is typically on larger-scale investment opportunities in Georgia, which have the potential to reach at least GEL 300 million equity value over 3-5 years from the initial investment and to monetise them through exits, as investments mature. Georgia Capital currently has the following portfolio businesses: (i) a retail (pharmacy) business, (ii) a healthcare services business, and (iii) an insurance business. Georgia Capital also holds other small private businesses across different industries in Georgia and a 14.9% equity stake (as at 30-Jun-26) in LSE-listed Lion Finance Group PLC ("Lion Finance Group" or "LFG"), formerly known as "Bank of Georgia Group PLC", the holding company of leading universal banks in Georgia and Armenia.
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JSC Georgia Capital has, as of the date hereof, the following credit rating: |
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S&P Global |
'BB'/FC & 'BB'/LC |
For further information, please visit www.georgiacapital.ge or contact:
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Irakli Gilauri |
Giorgi Alpaidze |
Michael Oliver |
Anano Akhobadze |
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Chairman and Chief Executive |
Chief Financial Officer |
Adviser to the Chairman & CEO |
Head of Investor Relations and Funding |
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+995 322 005 000 |
+44 203 178 4034 |
+995 322 000 000 |
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