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Fourth Georgian Company Listed On LSE

Bank of Georgia Group said the demerger of its investment business with Georgia Capital was completed on Tuesday.

As part of the demerger, Bank of Georgia Group issued and allotted 9,784,716 Bank of Georgia Group Shares—equivalent to 19.9% of the Bank of Georgia Group’s issued ordinary share capital—to Georgia Capital in exchange for Georgia Capital’s stake in the banking business.

Shares of Georgia Capital were admitted for trading on the London Stock Exchange’s main market for listed securities prior to 8.00 a.m. on May 29, 2018, the company said.