Appointment of corporate brokers

RNS Number : 4445P

Georgia Capital PLC

29 May 2018

 

 London, 29 May 2018

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR INTO ANY JURISDICTION WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION.

Georgia Capital PLC announces appointment of corporate brokers

In conjunction with the completion of its listing on the Premium Segment of the London Stock Exchange, Georgia Capital PLC (the "Group" or ''Georgia Capital'') announces the appointment of Investec Bank PLC ("Investec") and Numis Securities Limited ("Numis") as joint brokers for Georgia Capital, with immediate effect.

Irakli Gilauri, Georgia Capital Chairman and CEO commented: "I am delighted to announce that Numis Securities and Investec Bank PLC have been appointed as joint brokers for Georgia Capital and believe that the global financial reach and complementary strengths of these two internationally recognised securities firms make them strong partners to assist us to capture the new growth opportunities offered by premium listing on the London Stock Exchange after successfully executed demerger from BGEO Group PLC."

Corporate broker contacts:

Numis Securities Limited                                 Joint Broker                                                                         Hugh Jonathan                                                     Nathan Brown [phone]

Investec Bank PLC Joint Broker Sara Hale Jeremy.Ellis [phone]

Name of authorised official of issuer responsible for making notification: Nino Rekhviashvili, Head of Investor Relations and Funding

About Georgia Capital PLC

Georgia Capital is the holding company of a diversified group focused on investing in 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 opening of the Georgian economy to Europe and economic development in the wider region. The Group seeks to capture growth in the sectors in which it currently operates and drive the development of new high-growth businesses in Georgia, which it intends to add either by acquiring businesses in their early development stage or by establishing greenfield businesses, often consolidating fragmented or underdeveloped markets. The Group currently has four key portfolio companies: (i) GGU, a water utility and renewable energy business; (ii) m² , a residential and commercial property developer; (iii) Aldagi, the foremost provider of property and casualty insurance products in Georgia; and (iv) Teliani, a leading wine and beer producer in Georgia.

In addition to its portfolio companies, the Company has significant investments in two businesses of the former BGEO Group: GHG, (57% stake), the London Stock Exchange premium-listed parent company of the largest and diversified healthcare provider in Georgia, which operates in the healthcare services, pharmacy and medical insurance sectors; and Bank of Georgia Group PLC (the ''Banking business''), (19.9% stake), leading universal Bank in Georgia.

JSC Georgia Capital has, as of the date hereof, the following credit ratings:
S&P Global	'B+'/FC & 'B+'/LC
Moody's	B2/CFR & B2/PDR

For further information, please visit www.georgiacapital.ge or contact: 

Irakli Gilauri	Michael Oliver	Giorgi Alpaidze	Nino Rekhviashvili
Chairman and Chief Executive	Adviser to the CEO	Chief Financial Officer	Head of Investor Relations
[phone]	[phone]	[phone]	[phone] (9072)
[e-mail]	[e-mail]	[e-mail]	[e-mail]

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities

 

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