Georgia Healthcare Group PLC (“GHG”) announces that its parent company Georgia Capital PLC (“Georgia Capital“), which holds 57% of the equity shares of GHG, today published an announcement stating that it no longer expects to own less than a 50% stake in GHG at the end of 2018, as previously announced.
In light of the prevailing market conditions, the board of directors of Georgia Capital believes that the current share price significantly undervalues the performance and prospects of GHG and has, therefore, concluded that a further reduction of Georgia Capital’s holding in GHG, at this time, will not be in the best interests of its shareholders. A copy of Georgia Capital’s announcement is available at: http://georgiacapital.ge/ir/news/update-georgia-capitals-holding-ghg-0.
