Bank of Cyprus Holdings PLC TR-1 Notification -Senvest (9800L)

TIDMBOCH

RNS Number : 9800L

Bank of Cyprus Holdings PLC

16 September 2021

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              City and country of registered office (if applicable): 
  (2) RIMA Senvest Cyprus GP       (1), (2) and (4) Grand Cayman, Cayman Islands 
  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 Investment Fund, LP 
 5. Date on which the threshold was crossed or reached (vi) : 14 September 
  2021 
 6. Date on which issuer notified: 15 September 2021 
 7. Threshold(s) that is/are crossed or reached: Above 5% 
 

*See section 12

 
 8. Total positions of person(s) subject to the notification obligation: 
                         % of voting rights    % of voting rights                        Total number 
                          attached to shares    through financial     Total of both       of voting rights 
                          (total of 9.A)        instruments           in % (9.A + 9.B)    of issuer vii 
                                                (total of 9.B.1 
                                                + 9.B.2) 
                        --------------------  -------------------  -------------------  ------------------ 
 Resulting situation 
  on the date on 
  which threshold 
  was crossed or 
  reached                  5.01%                 N/A                  5.01%                446,199,933 
                        --------------------  -------------------  -------------------  ------------------ 
 Position of previous 
  notification (if 
  applicable)            4.02%                 N/A                  4.02% 
                        --------------------  -------------------  -------------------  ------------------ 
 
 
 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             Number of voting rights ix                  % of voting rights 
  of shares 
  ISIN code (if 
  possible) 
                       ------------------------------------------  --------------------------------------------- 
 
                                    Direct               Indirect                 Direct                Indirect 
                       -------------------  ---------------------  ---------------------  ---------------------- 
 IE00BD5B1Y92           22,338,748                                  5.01%                           - 
                       -------------------  ---------------------  ---------------------  ---------------------- 
 
 
 SUBTOTAL A             22,338,748                                  5.01% 
                       ------------------------------------------  --------------------------------------------- 
 
 B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations 
                                                                    Number of voting 
   Type of financial      Expiration          Exercise/             rights that may 
   instrument             date x              Conversion            be acquired if the       % of voting rights 
                                              Period xi             instrument is 
                                                                    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   Expiration   Exercise/ Conversion   Physical or    Number of 
  instrument          date x       Period xi              cash           voting rights     % of voting rights 
                                                          settlement 
                                                          xii 
                    -----------  ---------------------  -------------  ---------------  --------------------- 
 
 
 
                                                         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 
                              % of voting rights            through financial       Total of both if 
   Name xv                    if it equals or is            instruments if it       it equals or is higher 
                              higher than the notifiable    equals or is higher     than the notifiable 
                              threshold                     than the notifiable     threshold 
                                                            threshold 
                           -----------------------------  ---------------------  ------------------------- 
 Senvest Management,        N/A                            N/A                    N/A 
  LLC 
                           -----------------------------  ---------------------  ------------------------- 
 RIMA Senvest Cyprus        N/A                            N/A                    N/A 
  GP Ltd. 
                           -----------------------------  ---------------------  ------------------------- 
 Senvest Cyprus Recovery 
  Investment Fund, 
  LP                        3.67%                          N/A                    3.67% 
                           -----------------------------  ---------------------  ------------------------- 
 Senvest Master Fund, 
  LP                        1.34%                          N/A                    1.34% 
                           -----------------------------  ---------------------  ------------------------- 
 
 
 
 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) : 
 
  16,383,514 of the shares are held in by Senvest Cyprus Recovery Investment 
  Fund, LP, a Cayman Islands exempted limited partnership. 
 
  5,955,234 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 at New York, New York, United States of America on 14 September 2021.

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September 16, 2021 02:33 ET (06:33 GMT)