1Q23 Performance Overview
COMPLETION OF THE TRANSFER
TO LSE STANDARD LISTING
FOLLOWING THE APPROVAL FROM A 99.99% OF THE VOTING SHAREHOLDERS,
THE TRANSFER TO LSE STANDARD LISTING BECAME EFFECTIVE ON 13 APRIL 2023
THE TRANSFER IS ANTICIPATED TO ELIMINATE TRANSACTION DELAYS AND COSTS ASSOCIATED WITH
CLASS TESTS AND ENSURES MORE SEAMLESS EXECUTION OF SIGNIFICANT TRANSACTIONS
THE TRANSFER:
01
02
22
03
PROVIDES FLEXIBILITY TO DISPOSE ASSETS
Provides flexibility when it comes to disposals/exits from portfolio companies, given there
are no legal/regulatory burdens (circular submissions, shareholder approvals, etc.).
Minimizes the dependency on market fluctuations, as GCAP's market capitalization is no
longer the main factor in determining class test related transaction execution paths.
SIMPLIFIES THE PROCEDURES TO EXECUTE MEANINGFUL BUYBACKS
Saves US$ c. 1.0 million on costs related to sponsors, legal and accounting services.
REDUCES COSTS
Saves US$ c.1.2 million on fees related to significant transactions.
Saves up to US$ 1.0 million on annual operating expenses, supporting the company's
target to bring down its OPEX ratio to 0.75% of NAV starting from 2024.
GEORGIA
CAPITAL
FOLLOWING THE TRANSFER, GCAP CONTINUES
TO MAINTAIN THE HIGHEST LEVELS OF:
O
CORPORATE GOVERNANCE
TRANSPARENCY
32View entire presentation