Holding(s) in Company

RNS Number : 3498B

TBC Bank Group PLC

29 January 2020

 

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 of shares 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		Expiration date	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	Expiration date		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 the financial 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

 

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