Notice of make-whole redemption

Georgia Capital PLC

09 August 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.

9 August 2023

NOTICE OF MAKE-WHOLE REDEMPTION

JSC Georgia Capital (the "Issuer")

To the holders of the U.S.$300,000,000^[1] 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 (the "Trust Deed"). Capitalised terms used in this notice and not otherwise defined herein shall have the meanings set out in the Trust Deed.

The Issuer hereby gives notice that it will redeem all of the Notes outstanding on 4 September 2023 (the "Call Settlement Date"). This notice constitutes a notice of redemption for the purposes of Condition 6(c) (Optional Redemption at Make Whole) of the Notes.

The Notes will be redeemed at the price determined in accordance with Condition 6(c). The price at which the Notes will be redeemed shall be announced on 4 September 2023. Payment in relation to the Notes will be made in accordance with the usual procedures of Euroclear and/or Clearstream, Luxembourg. Following the Call Settlement Date, the Notes so redeemed will be cancelled.

This notice is irrevocable.

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.

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[1]       In October 2022, the Issuer repurchased and cancelled U.S.$65 million Notes, decreasing the outstanding principal amount from U.S.$365 million to U.S.$300 million.

 

END