
David Kezerashvili no longer holds shares in Formula TV. The former Defense Minister has officially transferred his remaining 26% stake to its co-founders Mikheil Mshvildadze and Zurab Gumbaridze.
The shares of Formula TV are now distributed as follows:
Mikheil Mshvildadze – 38.25%;
Zurab Gumbaridze – 32.25%;
Freedom Formula – 25%;
Irakli Saghinadze – 2.25%;
Giorgi Liponava – 2.25%.