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Bank of Georgia Hldg (BGEO)

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Thursday 26 April, 2012

Bank of Georgia Hldg

Holding(s) in Company

RNS Number : 1826C
Bank of Georgia Holdings PLC
26 April 2012
 



 


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

February 28, 2012

6. Date on which issuer notified:

February 29, 2012 filed with FSA; 26 April 2012 received by the issuer

7. Threshold(s) that is/are crossed or
reached:
vi, vii

8%



 

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

2,897,661


2,897,661


8.07%

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

2,897,661

8.07%



 

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 313,004 ordinary shares of the issuer, representing 0.87% of the total voting rights of the issuer, Firebird New Russia Fund, Ltd., which holds the voting rights associated with 450,638 ordinary shares of the issuer, representing 1.25% of the total voting rights of the issuer, Firebird Avrora Fund, Ltd., which holds the voting rights associated with 974,600 ordinary shares of the issuer, representing 2.71% of the total voting rights of the issuer, and Firebird Republics Fund, Ltd., which holds the voting rights associated with 1,159,379 ordinary shares of the issuer, representing 3.23% 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

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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