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The latest announcement is out from Georgia Capital PLC ( (GB:CGEO) ).
Georgia Capital PLC has initiated a $25 million share buyback and cancellation program to reduce its share capital, effective immediately and running for six months or until the 2025 Annual General Meeting. This step aligns with the company’s larger strategy of returning capital to shareholders, with $40 million already deployed in similar initiatives, marking a total of $127 million returned. The program is managed by Numis Securities and adheres to regulatory requirements, reflecting Georgia Capital’s commitment to enhancing shareholder value through strategic financial maneuvers.
More about Georgia Capital PLC
Georgia Capital PLC is a platform focused on acquiring, building, and developing businesses in Georgia, with a strategic focus on sectors poised for growth and diversification within the Georgian economy. The company invests in large-scale opportunities, aiming for significant equity value growth over 3-5 years, and holds investments in various sectors including retail pharmacy, insurance, hospitals, renewable energy, education, and diagnostics. Additionally, it maintains stakes in the water utility sector and the Bank of Georgia Group PLC.
YTD Price Performance: 10.76%
Average Trading Volume: 97,106
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £447.8M
See more insights into CGEO stock on TipRanks’ Stock Analysis page.
