Georgia Capital's CFO Exercises Share Options as Part of Regulatory Compliance.

Georgia Capital PLC's CFO, Giorgi Alpaidze, exercised 94,756 nil-cost options over ordinary shares, resulting in the receipt of 74,291 shares after tax liabilities. The transaction is part of regulatory compliance under the UK's Market Abuse Regulation. Georgia Capital PLC is an investment company operating in various sectors in the Georgian economy, including banking, healthcare, and real estate.

Georgia Capital PLC, an investment company with a diverse portfolio in various sectors of the Georgian economy, recently announced that its Deputy Chief Financial Officer (CFO), Giorgi Alpaidze, exercised 94,756 nil-cost options over ordinary shares [1]. This regulatory compliance transaction, carried out under the UK's Market Abuse Regulation, resulted in Alpaidze acquiring 74,291 shares after tax liabilities.

Giorgi Alpaidze, a seasoned finance professional with extensive international experience, joined Georgia Capital as the Head of Group's Finance, Funding, and Investor Relations in 2016 [1]. Prior to this, he spent several years as a senior manager in Ernst & Young LLP's Greater New York City assurance practice [1].

Alpaidze's decision to exercise his nil-cost options comes at an opportune time for the company, which has been making strides in various sectors, including banking, healthcare, and real estate. Georgia Capital's Chairman and CEO, Irakli Gilauri, has been instrumental in creating major players in these industries over the past decade [2].

Gilauri, who formerly served as the CEO of BGEO Group from 2011 to May 2018, has a wealth of experience in banking, investment, and finance [2]. He joined Georgia Capital as the CFO of Bank of Georgia in 2004 and was appointed as Chairman of the Bank in September 2015 [2]. Prior to that, he was an EBRD banker.

In addition to Gilauri and Alpaidze, Georgia Capital's leadership team includes Avto Namicheishvili, Deputy CEO, and Irakli Gogia, Portfolio Manager [1]. Namicheishvili, who also serves as chairman of the Group's renewable energy, beverages, housing development, and hospitality businesses, was previously the General Counsel of BGEO Group and the Bank of Georgia [2]. Gogia, who also serves as CEO of the hospitals business and chairman of the Group's retail, pharmacy, and clinics and diagnostics businesses, previously served as Deputy CEO, Finance at GHG and held senior roles at Ernst & Young and Deloitte [2].

With the acquisition of these additional shares, Giorgi Alpaidze's stake in Georgia Capital PLC is expected to grow, further aligning his interests with those of the company and its shareholders.

[1] Georgia Capital PLC. (n.d.). People. Retrieved January 26, 2023, from https://georgiacapital.ge/people
[2] Georgia Capital PLC. (n.d.). About Us. Retrieved January 26, 2023, from https://georgiacapital.ge/about