Tbilisi (GBC) - Georgia Capital PLC (GCAP) CEO Irakli Gilauri informed investors about a new GEL 700 million capital return program, which will be in effect until the end of 2027.
“We are announcing the launch of a new GEL 700 million capital return programme, which we plan to implement through the end of 2027. The programme covers capital returns through share buybacks, dividends and potential early paydowns of up to US$ 150 million of GCAP's existing sustainability-linked local bonds (which otherwise mature in 2028)”, - Gilauri said.
According to him, the programme, supported by significant improvement in the NCC ratio to a record-low level of 7.0% in 2Q25, is expected to be funded by a combination of the existing strong liquid funds and robust free cash flow generation at GCAP (together expected to exceed GEL 700 million over the programme period).
The new programme will commence following the completion of the current share buyback programme in August 2025, starting with an initial US$ 50 million share buyback programme.
Additionally, in September 2025, GCAP expects to exercise a call option to redeem at least US$ 50 million of its existing US$ 150 million local Holding Company bonds.