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Sector
Financials
Size
Mid Cap
Market Cap £687.2m
Enterprise Value £251.6m
Revenue £316.1m
Position in Universe 487th / 1854

TBC Bank Group PLC - Holding(s) in Company

Tue 10th September, 2019 1:53pm
RNS Number : 8555L
TBC Bank Group PLC
10 September 2019
 

The following announcement is made in accordance with DTR 5

 

TR-1: Standard form for notification of major holdings

 

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

TBC Bank Group PLC

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

Non-UK issuer

 

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

 

An event changing the breakdown of voting rights

 

Other (please specify):

 

3. Details of person subject to the notification obligation

Name

JPMorgan Asset Management Holdings Inc.

City and country of registered office (if applicable)

Wilmington, Delaware, USA

4. Full name of shareholder(s) (if different from 3.)

Name

           JPMorgan Asset Management (UK) Limited

               J.P. Morgan Investment Management Inc.

         JPMorgan Chase Bank, National Association    

City and country of registered office (if applicable)

London, United Kingdom

5. Date on which the threshold was crossed or reached:

06 September 2019

6. Date on which issuer notified (DD/MM/YYYY):

09 September 2019

7. Total positions of person(s) subject to the notification obligation

 

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuer

Resulting situation on the date on which threshold was crossed or reached

6.62%

0.00%

6.62%

55,086,588

Position of previous notification (if

applicable)

6.75%

0.00%

6.75%

 

             

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rights

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB00BYT18307

 

3,644,274

 

6.62%

SUBTOTAL 8. A

3,644,274

6.62%

 

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date

Exercise/
Conversion Period

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

 

 

SUBTOTAL 8. B 1

 

 

 

 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
date

Exercise/
Conversion Period

Physical or cash

settlement

Number of voting rights

% of voting rights

 

 

 

SUBTOTAL 8.B.2

 

 

 

 

                   

                                                                                                          

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

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

 

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
(please add additional rows as necessary)

X

Name

% 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 than the notifiable threshold

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

JPMorgan Asset Management Holdings (UK) Limited

 

 

 

JPMorgan Asset Management (UK) Limited

5.31%

 

5.31%

 

 

 

 

JPMorgan Asset Management Holdings Inc.

 

 

 

J.P. Morgan Investment Management Inc.

 

 

 

 

 

 

 

JPMorgan Chase & Co.

 

 

 

JPMorgan Chase Bank, National Association

 

 

 

 

 

 

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

 

11. Additional information

Chain of controlled undertakings:

 

JPMorgan Asset Management Holdings (UK) Limited

JPMorgan Asset Management (UK) Limited (100%)

 

JPMorgan Chase & Co.

JPMorgan Chase Holdings LLC (100%)

JPMorgan Asset Management Holdings Inc.(100%)

J.P. Morgan Investment Management Inc. (100%)

 

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

         

 

Place of completion

London, United Kingdom

Date of completion

09 September 2019

 

 

 

For further enquiries, please contact:

Director of International Media and Investor Relations

Zoltan Szalai

 

Or

 

Head of Investor Relations

Anna Romelashvili

ir@tbcbank.com.ge

 

TBC PLC is a public limited company registered in England and Wales that was incorporated in February 2016. TBC PLC became the parent company of JSC TBC Bank ("TBC Bank") on 10 August 2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of FTSE 250 Index.

TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia, with a total market share of 38.5% of loans and 41.0% of non-banking deposits as at 30 June 2019, according to data published by the National Bank of Georgia.

 

 

 


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