Georgia Healthcare Group PLC (LSE:GHG) and Georgia Capital PLC (LSE:CGEO) (GCAP) announced that they are in discussions with respect to an all share offer by Georgia Capital for the issued and to be issued share capital of GHG not already held by GCAP, to be implemented by way of a takeover offer, where GHG shareholders would receive 1 share in GCAP for every 5.22 shares of GHG held ("Possible Offer"), the same exchange ratio as offered by GCAP to GHG shareholders in November 2019, an exchange facility ("Exchange Facility") that was substantially oversubscribed. It is a pre-condition of the Possible Offer that the independent directors of GHG ("Independent Directors") will unanimously recommend the possible offer should it proceed.