Georgia Capital
CGEO · Main Market · Financial Services · mcap £1,243m · 4145.0p 1 open situation →
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Capital return
GEL 700m capital return programme
GEL 700m nearly done; GEL 1bn programme launched
The GEL 700m capital return programme, announced in August 2025 for completion by end-2027, is now effectively complete through the early bond call and the buyback extension. At the half-year results the board launched a new GEL 1bn capital allocation programme to end-2029, covering buybacks, possibly dividends, and investments in Georgia and Armenia. At least half is earmarked for capital returns.
- Timing
- Completed about 18 months ahead of the end-2027 schedule
- Buyback authority
- Maximum 5,049,543 shares under the 2026 AGM authority
- Next milestone
- Updated capital management programme to be announced with half-year results in August 2026
- Current buyback
- About US$11m outstanding; completion finishes the GEL 700m programme
- New programme
- GEL 1bn capital allocation to end-2029; at least half for capital returns
- Initial step
- US$50m share buyback and cancellation after the current programme completes
- 4 Aug 2026 GEL 700m nearly done; GEL 1bn programme launched
- 29 Jun 2026 Fully committed, 18 months early; execution continuing
- 28 Apr 2026 Second US$50m buyback under way; 475,000 shares bought in 1Q26
- 24 Feb 2026 US$50m tranche completed; new US$50m launched
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Company filings. Not investment advice.