Holding(s) in Company

RNS Number : 2959T

Bank of Georgia Holdings PLC

18 November 2013

 

The following announcement is made in accordance with DTR 5
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				Bank of Georgia Holdings plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Harvey Sawikin and Ian Hague as principals of Firebird Advisors, LDC, Firebird Management, LLC, and Firebird Avrora Advisors, LLC
4. Full name of shareholder(s)  (if different from 3.):iv		Firebird Fund, L.P. Firebird New Russia Fund, Ltd. Firebird Republics Fund, Ltd. Firebird Avrora Fund, Ltd.
5. Date of the transaction and date on which the threshold is crossed or reached: v		November 14, 2013
6. Date on which issuer notified:		November 14, 2013
7. Threshold(s) that is/are crossed or reached: vi, vii		4%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary

Nil

Nil

1,373,066

1,373,066

3.82%

GB00B759CR16

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

1,373,066

3.82%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The voting rights associated with the shares described in Question 8 are held directly by Firebird Fund, L.P., which holds the voting rights associated with 207,144 ordinary shares of the issuer, representing 0.58% of the total voting rights of the issuer, Firebird New Russia Fund, Ltd., which holds the voting rights associated with 238,732 ordinary shares of the issuer, representing 0.66% of the total voting rights of the issuer, Firebird Avrora Fund, Ltd., which holds the voting rights associated with 380,772 ordinary shares of the issuer, representing 1.06% of the total voting rights of the issuer, and Firebird Republics Fund, Ltd., which holds the voting rights associated with 546,418 ordinary shares of the issuer, representing 1.52% of the total voting rights of the issuer.  Firebird Advisors, LDC serves as the general partner of Firebird Fund, L.P. and is controlled by Harvey Sawikin and Ian Hague, who control the exercise of these voting rights.  Firebird Management, LLC serves as the investment manager of Firebird New Russia Fund, Ltd. and Firebird Republics Fund, Ltd. and is controlled by Harvey Sawikin and Ian Hague, who control the exercise of these voting rights.  Firebird Avrora Advisors, LLC serves as the investment manager of Firebird Avrora Fund, Ltd. and is controlled by Harvey Sawikin and Ian Hague, who control the exercise of these voting rights.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:	Harvey Sawikin
15. Contact telephone number:	001-212-698-9260

Note: Annex should only be submitted to the FSA not the issuer
Annex: Notification of major interests in sharesxxii
A: Identity of the persons or legal entity subject to the notification obligation
Full name (including legal form of legal entities)	Harvey Sawikin and Ian Hague as principals of Firebird Advisors, LDC, Firebird Management, LLC, and Firebird Avrora Advisors, LLC
Contact address (registered office for legal entities)	152 West 57th Street 24th Floor New York, NY 10019 USA
Phone number & email	001-212-698-9260 [e-mail]
Other useful information (at least legal representative for legal persons)
B: Identity of the notifier, if applicable
Full name
Contact address
Phone number & email
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)
C: Additional information
For notes on how to complete form TR-1 please see the FSA website.

 

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