Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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JSC Bank of Georgia (BGEO)

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Friday 27 March, 2009

JSC Bank of Georgia

Statement re Amendments to the Terms and Condit...

Statement re Amendments to the Terms and Conditions of the Global Depositary Receipts

Bank of Georgia

JSC Bank of Georgia announces certain amendments to the Terms and Conditions of the Global Depositary Receipts

JSC Bank of Georgia hereby announces that in accordance with DTR 6.1.10, certain changes have been introduced to the Terms and Conditions of the Global Depositary Receipts in order to correctly reflect revised reporting and approval requirements introduced by the Georgian Law on the Activities of the Commercial Banks.

The changes to Condition 12 of the Terms and Conditions of the Global Depositary Receipts are summarized directly below. A clean copy of the revised Terms and Conditions of the Global Depositary Receipts can be found at

1) Prior written approval of the Financial Supervisory Agency of Georgia (or any successor authority from time to time) is required in the event any person (i) owns Shares or GDRs (or a combination thereof) or has the ability to exercise voting rights in respect thereof representing more than 10%, 25% and/or 50% of the issued share capital or voting rights of Bank of Georgia (a 'Significant Interest') and/or (ii) acquires (directly or indirectly, through a transaction or series of transactions) Shares or GDRs (or a combination thereof) representing more than 10%, 25% and/or 50% of the issued share capital or voting rights of Bank of Georgia (a 'Significant Acquisition'). Prior to voting, Holders will be required to complete a voting instruction regarding their respective ownership interests and whether, if required, approval of the Financial Supervisory Agency of Georgia has been obtained. Where approval has been required, Holders will also be required to disclose the identity of the ultimate beneficial owner(s) of the GDRs held by such Holder.

2) Prior approval of the Financial Supervisory Agency of Georgia (or any successor authority from time to time) is required before any holder or beneficial owner of GDRs may, directly or indirectly, increase its ownership interest to a Significant Interest or make a Significant Acquisition. Each Holder and beneficial owner of GDRs is also required to disclose in writing to the Georgian Stock Exchange any acquisition or disposal by such Holder or beneficial owner of GDRs of more than 10% of the issued share capital of Bank of Georgia within 15 days following the completion of any such acquisition or disposal.

3) On or before 30 April of each calendar year, commencing in 2009, each Holder and beneficial owner of GDRs is required to disclose in writing to the Financial Supervisory Authority of Georgia, with a copy of such notice provided to Bank of Georgia and the Depositary, details of any holdings as of 31 December of the preceding calendar year, that would constitute a Significant Interest in the issued share capital of Bank of Georgia.

About Bank of Georgia
Bank of Georgia, the leading universal Georgian bank with operations in Georgia, Ukraine and Belarus, is the largest bank by assets, loans, deposits and equity in Georgia, with 32.9% market share by total assets (all data according to the NBG as of 31 December 2008). The bank has 141 branches and over 856,000 retail and more than 139,000 corporate current accounts. The bank offers a full range of retail banking and corporate and investment banking services to its customers across Georgia. The bank also provides corporate and retail insurance products through its wholly-owned subsidiary, Aldagi BCI, as well as asset & wealth management services.

Bank of Georgia has, as of the date hereof, the following credit ratings:

Standard & Poor’s   ‘B/B’
FitchRatings ‘B/B’
Moody’s ‘B3/NP’ (FC) & ‘Ba3/NP’ (LC),

For further information, please visit or contact:

Nicholas Enukidze       Irakli Gilauri       Macca Ekizashvili
Chairman of the Supervisory Board Chief Executive Officer Head of Investor Relations
+995 32 444 800 +995 32 444 109 +995 32 444 256

[email protected]

[email protected]

[email protected]

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities.

a d v e r t i s e m e n t