---
title: "Share exchange facility for GHG shareholders"
description: "ANNOUNCEMENT OF OPPORTUNITY TO EXCHANGE SHARES INGEORGIA HEALTHCARE GROUP PLCFOR SHARES INGEORGIA CAPITAL PLCHIGHLIGHTSOpportunity for s"
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18 Nov 2019

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**ANNOUNCEMENT OF OPPORTUNITY TO EXCHANGE SHARES IN**

 

**GEORGIA HEALTHCARE GROUP PLC**

 

**FOR SHARES IN**

 

**GEORGIA CAPITAL PLC**

 

**HIGHLIGHTS**

- Opportunity for shareholders of Georgia Healthcare Group PLC (***GHG***) to exchange their shares in GHG for shares in Georgia Capital PLC (***GCAP***);
- Share exchange ratio set at 0.192; 1 share in GCAP for every 5.22 shares in GHG;
- The Exchange Facility will be limited to a maximum of 4.5m shares in GCAP, equivalent to 23.6m shares in GHG.  If exercised in full, GCAP’s shareholding in GHG would increase from 57% to almost 75%;
- The Exchange Facility will be open from 18 November 2019, 7.00 a.m. London time until 17 December 2019, 1.00 p.m. London time;
- It has been agreed with the Takeover Panel Executive that the Exchange Facility is not an offer subject to the Takeover Code; and
- Citigroup and BNP Paribas are acting as financial advisers to GCAP in relation to the Exchange Facility.

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