London Stock Exchange today welcomed Georgia Healthcare Group plc

London Stock Exchange today welcomed Georgia Healthcare Group plc, the largest healthcare service and medical insurance provider in Georgia, to open trading in the main market, after its entire ordinary share capital has been admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities under the ticker "GHG" on Thursday 12th November.

Georgia Healthcare Group (GHG) is the largest healthcare services provider in the fast-growing, predominantly privately-owned, Georgian healthcare services market. Its leadership position is underpinned by offering the most comprehensive range of services targeting the mass market segment through its vertically integrated network of 41 healthcare facilities, and medical insurance products.  The Group has grown rapidly in recent years, driven by the significant organic expansion of existing facilities, which has delivered compound annual organic earnings growth of 23.6% over the last three years, and by selectively acquiring and integrating a number of complementary businesses and assets.

The market capitalisation of GHG on admission was £218m based on the placing price of 170p and 38,681,820 ordinary shares in issue. GHG has raised gross proceeds of £66m (US$100m) that will be used to renovate and develop recently acquired healthcare facilities; finance current expansion plans, particularly the roll-out of the Group's planned network of ambulatory clinics and reduce the level of existing debt. Dealings in the company’s ordinary shares will trade under the ticker GHG.
Nikoloz Gamkrelidze, CEO of Georgia Healthcare Group, commented:

"We are delighted to join the premium segment of the London Stock Exchange. This IPO will enable us to finance our immediate growth plans and to increase our market share in the GEL 2.1 billion healthcare services market in 2015 through enhancing our existing hospitals, expanding into the ambulatory clinics market and reducing debt.
“By growing our profile with investors, business partners and patients, we hope to diversify our shareholder base and increase our ability to attract talented management and employees, which will in turn help us to achieve our ambition of providing improved healthcare services to the Georgian population.”

Citigroup Global Capital Markets Limited and Jefferies International Limited acted as Joint Financial Advisers and Joint Global Coordinators. Numis Securities, Renaissance Capital and Galt & Taggart (a subsidiary of Bank of Georgia) are acting as Co-Lead Managers. Baker & McKenzie LLP are acting as legal advisors, and MHP Communications as Financial PR advisor.