Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
An announcement from Georgia Capital PLC ( (GB:CGEO) ) is now available.
Georgia Capital PLC has addressed media speculation involving its Chair and CEO, Irakli Gilauri, following reports that he was named in a letter by US representatives regarding political events in Georgia. The company is in contact with US officials to clarify the situation, emphasizing its commitment to high standards of governance and its non-involvement in political affairs. The Board supports Mr. Gilauri and believes that with proper information, authorities will not pursue any action, reinforcing their resolve to counter unwarranted accusations.
More about Georgia Capital PLC
Georgia Capital PLC is a platform for buying, building, and developing businesses in Georgia, with a focus on sectors poised for growth and diversification in the Georgian economy. The company targets larger-scale investments, aiming for a minimum equity value of GEL 300 million within three to five years, and has holdings in retail pharmacy, insurance, hospitals, renewable energy, education, and clinics and diagnostics. Additionally, it holds significant stakes in water utilities and the Bank of Georgia Group PLC.
YTD Price Performance: -4.50%
Average Trading Volume: 94,508
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £451.1M
See more insights into CGEO stock on TipRanks’ Stock Analysis page.
