Source - LSE Regulatory
RNS Number : 3231M
Georgia Capital PLC
20 May 2022
 

London, 20 May 2022

 

Georgia Capital PLC - Result of AGM

 

The Board of Directors of Georgia Capital PLC (the "Company") announces the results of voting on the resolutions put to shareholders at its Annual General Meeting (the "AGM") held today, 20 May 2022. Details of the resolutions are set out in full in the Notice of AGM dated 12 April 2022.

 

Voting at the AGM was completed by way of a poll. All resolutions were passed by the required majority.

 

Resolutions 1 to 13 (inclusive) were passed as ordinary resolutions and resolutions 14 to 17 (inclusive) were passed as special resolutions.  The results of the poll for each resolution were as follows:

 

RESOLUTION

VOTES
FOR

%

VOTES
AGAINST

%

VOTES
TOTAL

% of ISC* VOTED

VOTES
WITHHELD

1 To receive and adopt the Annual Report and Accounts for the year ended 31 December 2021

28,390,041

100.00%

0

0.00%

28,390,041

62.09%

5,628

2 To receive and approve the Directors' Remuneration Report for the year ended 31 December 2021

26,710,160

94.07%

1,684,919

5.93%

28,395,079

62.10%

590

3 To receive and approve the Directors' Remuneration Policy

26,599,621

93.68%

1,795,458

6.32%

28,395,079

62.10%

590

4 To re-appoint Irakli Gilauri, as an Executive Director

25,714,908

90.87%

2,585,011

9.13%

28,299,919

61.90%

95,750

5 To re-appoint Kim Bradley, as a Non-Executive Director **

28,238,987

99.45%

155,882

0.55%

28,394,869

62.10%

800

6   To re-appoint Maria Chatti-Gautier, as a Non-Executive Director**

28,238,987

99.45%

155,882

0.55%

28,394,869

62.10%

800

7 To re-appoint Massimo Gesua' sive Salvadori, as a Non-Executive Director **

28,394,721

100.00%

148

0.00%

28,394,869

62.10%

800

8 To re-appoint David Morrison, as a Non-Executive Director **

28,394,869

100.00%

0

0.00%

28,394,869

62.10%

800

9 To re-appoint Jyrki Talvitie, as a Non-Executive Director **

26,458,302

93.18%

1,936,567

6.82%

28,394,869

62.10%

800

10 To appoint PricewaterhouseCoopers LLP as Auditor to the Company

28,389,763

99.98%

5,406

0.02%

28,395,169

62.10%

500

11 To authorise the Audit and Valuation Committee to set the remuneration of the Auditor

28,395,141

100.00%

28

0.00%

28,395,169

62.10%

500

12 To authorise political donations and expenditure

25,284,500

89.05%

3,110,669

10.95%

28,395,169

62.10%

500

13 To authorise the Board to allot shares

25,237,390

88.88%

3,157,779

11.12%

28,395,169

62.10%

500

14 To authorise the disapplication of pre-emption rights

24,475,489

86.20%

3,919,680

13.80%

28,395,169

62.10%

500

15 To authorise the disapplication of pre-emption rights for the purposes of acquisitions or capital investments

23,503,597

82.77%

4,891,572

17.23%

28,395,169

62.10%

500

16 To authorise the Company to purchase its own shares

28,389,991

99.98%

5,178

0.02%

28,395,169

62.10%

500

17  To authorise the Company to make off-market purchases of its own shares

25,418,851

89.52%

2,976,318

10.48%

28,395,169

62.10%

500

 

*Issued share capital with voting rights

**Independent Director

 

 

 

 

Notes:

1.         As at the date of the AGM, the Company had 45,923,431 ordinary shares in issue. The Company held 201,187 shares in treasury and therefore the number of total voting rights as at the date of the AGM was 45,722,244. In accordance with the Company's Articles of Association and subject to the Listing Rules, on a poll every member who is present in person or by proxy has one vote for every share held.

 

2.         The scrutineer of the poll was Computershare Investor Services PLC, the Company's Share Registrar.

 

3.         Note that a "vote withheld" is not a vote in law and such votes have not been included in the calculation of votes "for" and "against" each resolution.  Proxy appointments which gave discretion to the Chairman have been included in the "for" total above.

 

In accordance with Listing Rule 9.6.2, copies of the resolutions which constitute special business at the AGM (being resolutions 4 and 12 to 17) will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

A copy of this announcement has been posted on the Company's website www.georgiacapital.ge.  

 

Name of authorised official of issuer responsible for making notification:

 

 

Link Company Matters Limited

Company Secretary

 

 

About Georgia Capital PLC

Georgia Capital is a platform for buying, building and developing businesses in Georgia with holdings in sectors that are expected to benefit from the continued growth and further diversification of the Georgian economy. The Group's focus is typically on larger-scale investment opportunities in Georgia, which have the potential to reach at least GEL 0.3 billion equity value over 3-5 years from the initial investment and to monetise them through exits, as investments mature. Georgia Capital currently has the following portfolio businesses: (i) a retail (pharmacy) business, (ii) a hospitals business, (iii) an insurance business (P&C and medical insurance); (iv) a clinics and diagnostics business, (v) a renewable energy business (hydro and wind assets) and (vi) an education business; Georgia Capital also holds other small private businesses across different industries in Georgia; a 20% equity stake in the water utility business and a 19.9% equity stake in LSE premium-listed Bank of Georgia Group PLC ("BoG"), a leading universal bank in Georgia.

JSC Georgia Capital has, as of the date hereof, the following credit ratings:

S&P Global

'B+'/FC & 'B+'/LC

Moody's

B2/CFR & B2/PDR

 For further information, please visit www.georgiacapital.ge or contact:

Irakli Gilauri

Giorgi Alpaidze

Michael Oliver

Shalva Bukia

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


This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities

 

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