Completion of water utility put and cash receipt
Completed sale of 20% stake in Georgia Global Utilities for US$70.4 million.
- Cash proceeds received US$70.4 million
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Further to the announcement on 26 June 2025, where Georgia Capital PLC ("GCAP") reported that its wholly owned subsidiary, JSC Georgia Capital, had exercised its option to put a 20% equity stake in Georgia Global Utilities JSC, GCAP today announces that the transaction has closed and the cash proceeds of US$ 70.4 million have been fully received. The use of proceeds, in line with GCAP's 360-degree capital management framework, will be announced together with Georgia Capital PLC's 2Q25 and 1H25 results, currently scheduled for release on 6 August 2025.
| S&P Global | 'BB-'/FC & 'BB-'/LC | ||
| Chairman and Chief Executive | Chief Financial Officer | Adviser to the Chairman & CEO | Head of Investor Relations |
| ir@gcap.ge | +995 322 005 000 | +44 203 178 4034 | + 995 322 005 045 |
| ir@gcap.ge | ir@gcap.ge | ir@gcap.ge |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.