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By Elliot Gulliver-Needham A UK-listed investment trust that owns around five per cent of Georgia’s economy has begun a share buyback programme for around 20 per cent of its capital after instability in the country has sent its shares cratering. Shares in Georgia Capital have plunged 30 per cent since the start of May, leading it to pitch plans today to use at least 300m Georgian Lari (£86.2m) to repurchase its shares. The authorisation will last until 2026. The trust has two main holdings, a portfolio of private equity assets in the country and stock in the London-listed Bank of Georgia, the …

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