Last checked at 29 Jan 2020 17:17
The following announcement is made in accordance with DTR 5
TR-1: Standard form for notification of major holdings
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | TBC Bank Group PLC | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer | ||||||
2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | X | |||||
An acquisition or disposal of financial instruments | ||||||
An event changing the breakdown of voting rights | ||||||
Other (please specify): | ||||||
3. Details of person subject to the notification obligation | ||||||
Name | Mamuka Khazaradze | |||||
City and country of registered office (if applicable) | Tbilisi, Georgia | |||||
4. Full name of shareholder(s) (if different from 3.) | ||||||
Name | Vidacos Nominees Limited | |||||
City and country of registered office (if applicable) | London, United Kingdom | |||||
Name | JSC Galt & Taggart | |||||
City and country of registered office (if applicable) | Tbilisi, Georgia | |||||
Name |
BNP Paribas Securities Services SCA
| |||||
City and country of registered office (if applicable) | London, UK | |||||
5. Date on which the threshold was crossed or reached: | 28 January 2020 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 29 January 2020 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
% of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments(total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights of issuer | |||
Resulting situation on the date on which threshold was crossed or reached | 9.14% | 0.00% | 9.14% | 55,155,896
| ||
Position of previous notification (if applicable) | 10.29% | 0.00% | 10.29% | |||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rights | % of voting rights | |||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
GB00BYT18307 |
5,043,048
| 9.14% | |||||||
SUBTOTAL 8. A |
5,043,048
| 9.14% | |||||||
| |||||||||
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
Type of financial instrument | Expirationdate | Exercise/Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
SUBTOTAL 8. B 1 | |||||||||
| |||||||||
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
Type of financial instrument | Expirationdate | Exercise/Conversion Period | Physical or cash settlement | Number of voting rights | % of voting rights | ||||
SUBTOTAL 8.B.2 | |||||||||
| |||||||||
9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer | ||||
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) | X | |||
Name | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
Mamuka Khazaradze's total shareholding | 9.14% | |||
The breakdown of total shareholding: | ||||
Mamuka Khazaradze via Liquid Crystal International S.A.R.L holds: | 5.55% | |||
Liquid Crystal International S.A.R.L | 5.55% | |||
TBC Capital | 5.55% | |||
JSC TBC Bank | 5.55% | |||
Commerzbank AG | 5.55% | |||
Vidacos Nominees Limited | 5.55% | |||
Mamuka Khazaradze as a natural person holds: | 2.47%
| |||
Bank Vontobel AG | 2.47%
| |||
BNP Paribas Securities Services SCA
| 2.47% | |||
Mamuka Khazaradze as a natural person holds: | 1.12%
| |||
JSC Galt and Taggart | 1.12%
| |||
JSC Bank of Georgia | 1.12%
| |||
| ||||
10. In case of proxy voting, please identify: | ||||
Name of the proxy holder | ||||
The number and % of voting rights held | ||||
The date until which the voting rights will be held | ||||
11. Additional information | ||||
This disposal has taken place pursuant to the terms of the repurchase agreement with Renaissance Securities (Cyprus) Limited. For further information please see the announcement published by TBC Bank Group Plc in connection with this disposal on 1 July 2019. The main purpose of the transaction was to repay the loans in relation to Anaklia project. | ||||
Place of completion | London, United Kingdom |
Date of completion | 29 January 2020 |