REG - Bank of Cyprus Hldgs - TR1 Notification - Senvest

Bank of Cyprus HoldingsAnnouncement

08/08/2024 07:15

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RNS Number : 6270Z  Bank of Cyprus Holdings PLC  08 August 2024

Standard Form TR-1

Standard form for notification of major holdings

 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
 Central Bank of Ireland)(i)

 (1.    ) Identity of the issuer or the underlying issuer of existing
 shares to which voting rights are attached(ii):

 Bank of Cyprus Holdings Public Ltd Company, 10 Earisfront Yerrace,Dublin 2
 (LEI 635400L14KNHZXPUZM19)

 2. Reason for the notification (please tick the appropriate box or boxes):

 [ √ ] An acquisition or disposal of voting rights

 [ ] An acquisition or disposal of financial instruments

 [ ] An event changing the breakdown of voting rights

 [ ] Other (please specify)(iii):

 3. Details of person subject to the notification obligation(iv) :
 Name:                                                                                                                            City and country of registered office (if applicable):

 (1)  Senvest Cyprus Recovery Investment Fund,LP                                                                                  (1),(2) and (4) Grand Cayman, Cayman Islands

 (2)  RIMA Senvest Cyprus GP Ltd.                                                                                                 (3) and (5) Delaware, United States of America

 (3)  Senvest Management , LLC

 (4)  Senvest Master Fund , LP

 (5)  RIMA Senvest Master Fund GP, LLC
 4. Full name of shareholder(s) (if different from 3.)(v):

 Senvest Master Fund,LP & Senvest Cyprus Recovery Investments Fund , LP
 5. Date on which the threshold was crossed or reached(vi): 5 August 2024
 6. Date on which issuer notified:  :   7 August 2024

 7. Threshold(s) that is/are crossed or reached:  Above  9%

 8. Total positions of person(s) subject to the notification obligation:
                                                                            % of voting rights attached to shares (total of 9.A)  % of voting rights through financial instruments  Total of both in % (9.A + 9.B)  Total number of voting rights of issuer(vii)

(total of 9.B.1 + 9.B.2)
 Resulting situation on the date on which threshold was crossed or reached  8.70%                                                 0.32                                              9.02%                           444,314,985
 Position of previous notification (if applicable)                          8.06%                                                 N/A                                               8.06%

 

 9. Notified details of the resulting situation on the date on which the
 threshold was crossed or reached(viii):
 A: Voting rights attached to shares
 Class/type of                 Number of voting rights(ix)                                                 % of voting rights

shares

 ISIN code (if possible)

                                                            Direct                                         Indirect                                        Direct                                      In

                                           di
                                                                                                                                                                                                       re
                                                                                                                                                                                                       ct

 IE00BD5B1Y92                  38,650,080                                                                  8.70%

 SUBTOTAL A                    38,650,080                                                                  8.70%

 B 1: Financial Instruments according to Regulation 17(1)(a) of the
 Regulations
 Type of financial instrument                   Expiration  Exercise/                                      Number of voting rights that may be acquired if the instrument is       % of voting rights

date(x)
Conversion Period(xi)                         exercised/converted.
 N/A                                            N/A         N/A                                            N/A                                                                     N/A

                                                            SUBTOTAL B.1

 B 2: Financial Instruments with similar economic effect according to
 Regulation 17(1)(b) of the Regulations
 Type of financial instrument  Expiration                   Exercise/                   Physical or cash settlement(xii)           Number of voting rights                         % of voting rights

date(x)
Conversion Period (xi)
 SWAP                          N/A                          N/A                         Cash                                       0                                               0.32%

                                                                                        SUBTOTAL B.2                               0                                               0.32%

 

 10. Information in relation to the person subject to the notification
 obligation (please tick the applicable box):

 [ ] 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.(xiii)

 [√ ] 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(xiv):

 Name(xv)                                     % 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  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                          than the notifiable threshold
 Senvest  Management,LLC                      N/A                                                                         N/A                                                                         N/A
 RIMA Senvest Cyprus GP Ltd                   N/A                                                                         N/A                                                                         N/A
 Senvest Cyprus Recovery Investment Fund, LP  3.71%                                                                       N/A                                                                         3.71%
 Senvest Master Fund,LP                       4.99%                                                                       0.32                                                                        5.31%

 11. In case of proxy voting: [name of the proxy holder] will cease to hold [%
 and number] voting rights as of  date  N/A

 12. Additional information(xvi):

 16,480,940 of the shares or economic interest are held  by Senvest Cyprus
 Recovery Investment Fund ,LP, a Cayman Islands exempted limited partnership.

 23,608,766 shares or economic interest are held by Senvest Master Fund, LP, a
 Cayman Islands exempted limited partnership.

 RIMA Senvest Cyprus GP Ltd is the general partner of Senvest Cyprus Recovery
 Investment Fund ,LP.

 RIMA Senvest Master Fund GP,LLC is the general partner of Senvest Master Fund,
 LP.

 Senvest Management, LLC is the investment manager of the Senvest Cyprus
 Recovery Investment Fund, LP and Senvest Master Fund LP.

 

Done from New York on August 7, 2024.

 

 

 

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