Announcement of Redemption Price

Georgia Capital PLC

04 September 2023

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 (THE "MARKET ABUSE REGULATION")

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY JURISDICTION IN WHICH, OR TO ANY PERSON TO OR FROM WHOM, IT IS UNLAWFUL UNDER APPLICABLE LAWS TO DISTRIBUTE THIS ANNOUNCEMENT.

4 September 2023

Announcement of Redemption Price

JSC Georgia Capital (the "Issuer")

To the holders of the U.S.$300,000,000 6.125% notes due 2024

(Regulation S : ISIN XS1778929478; Common Code 177892947, Rule 144A ISIN US373143AA49; Common Code 178546554; CUSIP 373143AA4 (the "Notes")

Reference is made to the terms and conditions of the Notes (the "Conditions") set out in the trust deed dated 9 March 2018, as amended.

On 9 August 2023, the Issuer notified the holders of the Notes of its intention to redeem all of the Notes outstanding pursuant to Condition 6(c) of the Notes on 4 September 2023 (the "Make-Whole Redemption").

The price to be paid per U.S.$1,000 principal amount of Notes redeemed pursuant to the Make-Whole Redemption is U.S.$1,030.50 (including U.S.$29.77 per U.S.$1,000 principal amount in respect of accrued interest to (but excluding) 4 September 2023 and U.S.$1,000.73 per U.S.$1,000 principal amount is in respect of Make Whole Premium). In respect of the outstanding principal amount of U.S.$16,601,000, this would equate to U.S.$17,107,389.36 (of which U.S.$ 494,283.25 is in respect of accrued interest and U.S.$16,613,106.11 is in respect of Make Whole Premium).

Payment in relation to the Notes will be made in accordance with the usual procedures of Clearstream, Luxembourg and/or Euroclear and/or DTC.

The Notes so redeemed will be cancelled and once cancelled no Notes will remain outstanding.

For further information, please contact:

Giorgi Alpaidze
Chief Financial Officer
JSC Georgia Capital
[e-mail]

8a Petre Melikishvili Street / 1 Erekle Tatishvili Street
0179 Tbilisi
Georgia

This announcement is released by JSC Georgia Capital and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation, encompassing information relating to the Tender Offer described above. For the purposes of the Market Abuse Regulation, this announcement is made by Giorgi Alpaidze, the Chief Financial Officer of JSC Georgia Capital.

 

END