REG - Bank of Cyprus Hldgs - TR1 Notification of Major Holdings -Senvest

Bank of Cyprus HoldingsAnnouncement

09/01/2023 07:16

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RNS Number : 0673M  Bank of Cyprus Holdings PLC  09 January 2023

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 Limited
 Company, 10 Earlsfort Terrace, 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:

 (1) Senvest Cyprus Recovery Investment Fund, LP

 (2) RIMA Senvest Cyprus GP Ltd.                   City and country of registered office (if applicable): (1), (2) and (4) Grand

                                                 Cayman, Cayman Islands

                                                 (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 Investment Fund, LP
 5. Date on which the threshold was crossed or reached(vi): 5 January 2023
 6. Date on which issuer notified: 6 January 2023
 7. Threshold(s) that is/are crossed or reached: Above 8%

 

 

*See section 12

 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 number of voting rights of issuervii

                                                                                                                                  (total of 9.B.1 + 9.B.2)                          Total of both in % (9.A + 9.B)
 Resulting situation on the date on which threshold was crossed or reached

                                                                            8.06%                                                 N/A                                               8.06%                            446,199,933
 Position of previous notification (if applicable)                          7.11%                                                 N/A                                               7.11%

 

 

 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 shares      Number of voting rightsix                                               % of voting rights

 ISIN code (if possible)

                                                               Direct                                                                 Indirect                           Direct               In
                                                                                                                                                                                              di
                                                                                                                                                                                              re
                                                                                                                                                                                              ct
 IE00BD5B1Y92              35.976.196                                                              8.06%                              -

 SUBTOTAL A                35.976.196                                                              8.06%

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

 Type of financial instrument               Expiration datex   Exercise/ Conversion Periodxi       exercised/converted.

                                                                                                                                                                         % of voting rights
 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 datex  Exercise/ Conversion  Physical or cash  Number of voting rights

                                                 Period xi             settlementxii                              % of voting rights

                                                                       SUBTOTAL B.2

 

 

 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):
                                                                                                                           % of voting rights through financial instruments if it equals or is higher

                                                                            than the notifiable threshold

                                              % of voting rights if it equals or is higher than the notifiable threshold                                                                               Total of both if it equals or is higher than the notifiable threshold

 Namexv
 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  3.57%                                                                        N/A                                                                         3.57%
 Senvest Master Fund, LP                      4.49%                                                                        N/A                                                                         4.49%

 

 

 

 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):

 15,933,514 of the shares are held in by Senvest Cyprus Recovery Investment
 Fund, LP, a Cayman Islands exempted limited partnership.

 20,042,682 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.

 

 

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