Directorate Change

RNS Number : 7252G

Georgia Capital PLC

19 March 2020

 

  London, 19 March 2020

Georgia Capital PLC announces a new appointment to its Board of Directors

Georgia Capital PLC (" Georgia Capital" or "the Group " ) announce s a new appointment to the Board of Directors ("the Board") with immediate effect. Maria Chatti-Gautier joined the Board as an independent non-executive director. Ms. Chatti-Gautier has also been appointed as a member of the Investment, Remuneration and Nomination Committees and will join the Supervisory Board of JSC Georgia Capital .

Irakli Gilauri, Georgia Capital Chairman and CEO commented: "We are pleased to welcome Maria to our Board of Directors. With more than 25 years' experience in private equity transactions with a hands-on approach and leadership role in investment execution, build-up and exit strategies, Maria is bringing valuable expertise for the Group's future development. We are also pleased to increase the number of female directors in the Board, in line with our commitment to high standards of corporate governance."

Biography

Ms Chatti-Gautier has over 25 years of experience in private equity in prominent financial institutions and has sat on the Board of Directors of over 30 companies. She currently serves as Partner of Trail Management, an Independent Euro-Chinese Private Equity investment firm, where she invests in European midcap companies to develop them in China. Ms Chatti-Gautier started her career at Chase Manhattan Bank in Paris before joining BAII. She spent 15 years at Natixis Private Equity, before moving to Oddo Private Equity and Drake Star Partners (previously known as LDA Jupiter). Her activities included sourcing, analyzing, managing and monitoring a large number of investments and exits. Through her own consulting firm, Ms Chatti-Gautier has also advised various investment and fundraising programmes in Europe, Lebanon and the MENA region. Ms Chatti-Gautier currently serves as a board member and member of the Audit Committee of Groupe Pizzorno Environnement, a leading French operator in the waste management business listed on Euronext. She is as a director of Buffet Crampon Group, a major producer of wind musical instruments and sits on the Strategic Committee of family-owned Thés de la Pagode. She is also a board member and Treasurer of the Arab Reform Initiative, a leading think tank with partners from MENA, Europe and the USA. Ms Chatti-Gautier holds an MBA with major in Finance from Ecole des Hautes Etudes Commerciales-HEC, with joint MBA programmes from London Business School and NYU Stern.

There are no other details that are required to be disclosed under 9.6.13 of the Listing Rules.

Following Maria's appointment, the Board has reviewed the composition of the Nomination Committee which currently comprises all Board members. With effect from today, the members of the Nomination Committee will be Jyrki Talvitie (Chairman), Kim Bradley, Irakli Gilauri and Maria Chatti-Gautier.

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

About Georgia Capital PLC

Georgia Capital 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 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 nine private businesses: (i) a water utility business (GGU); (ii) a renewable energy business (hydro and wind assets held through GRPC, Hydrolea and Qartli wind farm); (iii) a housing development business (m², renamed as Georgia Real Estate); (iv) a hospitality and commercial real estate business (m², renamed as Georgia Real Estate); (v) a property and casualty insurance business (Aldagi); (vi) a beverages business (Georgia Beverages); (vii) an education business (three partners: BGA, Buckswood and Green school); (viii) an auto service business (Greenway and Amboli) and (ix) a digital services business (Redberry). Georgia Capital also has two public company holdings (London Stock Exchange premium-listed Georgian companies): (i) Georgia Healthcare Group PLC ("GHG"), (70.6% equity stake), a UK incorporated holding company of the largest healthcare services provider in Georgia, which is also the largest pharmaceuticals retailer and wholesaler in the country; and (ii) Bank of Georgia Group PLC ("BoG"), (19.9% equity stake), a 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	Giorgi Alpaidze	Nino Rekhviashvili
Chairman and Chief Executive	Chief Financial Officer	Head of Investor Relations
[e-mail]	[phone]	+ 995 322 005 045
	[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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