The following announcement is made in accordance with DTR 5
TR-1: Standard form for notification of major holdings
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
TBC Bank Group PLC |
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1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) |
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Non-UK issuer |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Details of person subject to the notification obligation |
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Name |
JPMorgan Asset Management Holdings Inc. |
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City and country of registered office (if applicable) |
Wilmington, Delaware, USA |
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4. Full name of shareholder(s) (if different from 3.) |
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Name |
JPMorgan Asset Management (UK) Limited J.P. Morgan Investment Management Inc. JPMorgan Chase Bank, National Association |
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City and country of registered office (if applicable) |
London, United Kingdom |
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5. Date on which the threshold was crossed or reached: |
07 August 2019 |
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6. Date on which issuer notified (DD/MM/YYYY): |
08 August 2019 |
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7. Total positions of person(s) subject to the notification obligation |
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% of voting rights attached to shares (total of 8. A) |
% of voting rights through financial instruments |
Total of both in % (8.A + 8.B) |
Total number of voting rights of issuer |
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Resulting situation on the date on which threshold was crossed or reached |
6.75% |
0.00% |
6.75% |
55,086,588 |
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Position of previous notification (if applicable) |
6.44% |
0.00% |
6.44% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reached |
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A: Voting rights attached to shares |
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Class/type of ISIN code (if possible) |
Number of voting rights |
% of voting rights |
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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) |
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GB00BYT18307 |
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3,718,279 |
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6.75% |
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SUBTOTAL 8. A |
3,718,279 |
6.75% |
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) |
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Type of financial instrument |
Expiration |
Exercise/ |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights |
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SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) |
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Type of financial instrument |
Expiration |
Exercise/ |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
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SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") |
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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 |
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Full chain of controlled undertakings through which the voting rights and/or the |
X |
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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 |
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JPMorgan Asset Management Holdings Inc. |
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JPMorgan Asset Management International Limited |
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JPMorgan Asset Management Holdings (UK) Limited |
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JPMorgan Asset Management (UK) Limited |
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JPMorgan Asset Management Holdings Inc. |
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J.P. Morgan Investment Management Inc. |
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JPMorgan Chase & Co. |
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JPMorgan Chase Bank, National Association |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
N/A |
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The number and % of voting rights held |
N/A |
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The date until which the voting rights will be held |
N/A |
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11. Additional information |
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Chain of controlled undertakings:
JPMorgan Asset Management Holdings Inc. (100%) JPMorgan Asset Management International Limited (100%) JPMorgan Asset Management Holdings (UK) Limited (100%) 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%) |
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Place of completion |
London, United Kingdom |
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Date of completion |
08 August 2019 |
For further enquiries, please contact:
Director of International Media and Investor Relations
Zoltan Szalai
Or
Head of Investor Relations
Anna Romelashvili
About TBC Bank Group PLC ("TBC PLC")
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
