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Holding(s) in Company

RNS Announcement

RNS Number : 6587P

Bgeo Group PLC

19 February 2016


The following announcement is made in accordance with DTR 5

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		BGEO Group PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Harvey Sawikin and Ian Hague as principals of Firebird Advisors, LDC, Firebird Management, LLC, and Firebird Avrora Advisors, LLC
4. Full name of shareholder(s) (if different from 3.):^iv	Firebird Fund, L.P. Firebird New Russia Fund, Ltd. Firebird Republics Fund, Ltd. Firebird Avrora Fund, Ltd.
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	February 17, 2016
6. Date on which issuer notified:	February 18, 2016
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	3%

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights ^x

Direct

Direct ^xi

Indirect ^xii

Direct

Indirect

Ordinary

1,373,066

1,168,650

2.96%

GB00B759CR16

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date ^xvii

Exercise/
Conversion period ^xviii

Number of voting rights instrument refers to

% of voting rights ^{xix, xx}

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

1,168,650

2.96%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: ^xxi
The voting rights associated with the shares described in Question 8 are held directly by Firebird Fund, L.P., which holds the voting rights associated with 194,044 ordinary shares of the issuer, representing 0.49% of the total voting rights of the issuer, Firebird New Russia Fund, Ltd., which holds the voting rights associated with 155,439 ordinary shares of the issuer, representing 0.39% of the total voting rights of the issuer, Firebird Avrora Fund, Ltd., which holds the voting rights associated with 309,115 ordinary shares of the issuer, representing 0.78% of the total voting rights of the issuer, and Firebird Republics Fund, Ltd., which holds the voting rights associated with 510,052 ordinary shares of the issuer, representing 1.29% of the total voting rights of the issuer. Firebird Advisors, LDC serves as the general partner of Firebird Fund, L.P. and is controlled by Harvey Sawikin and Ian Hague, who control the exercise of these voting rights. Firebird Management, LLC serves as the investment manager of Firebird New Russia Fund, Ltd. and Firebird Republics Fund, Ltd. and is controlled by Harvey Sawikin and Ian Hague, who control the exercise of these voting rights. Firebird Avrora Advisors, LLC serves as the investment manager of Firebird Avrora Fund, Ltd. and is controlled by Harvey Sawikin and Ian Hague, who control the exercise of these voting rights.

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
14. Contact name:	Harvey Sawikin
15. Contact telephone number:	001-212-698-9260

Note: Annex should only be submitted to the FSA not the issuer
Annex: Notification of major interests in shares^xxii

A: Identity of the persons or legal entity subject to the notification obligation
Full name (including legal form of legal entities)	Harvey Sawikin and Ian Hague as principals of Firebird Advisors, LDC, Firebird Management, LLC, and Firebird Avrora Advisors, LLC
Contact address (registered office for legal entities)	152 West 57^th Street 24th Floor New York, NY 10019 USA
Phone number & email	001-212-698-9260 [email protected]
Other useful information (at least legal representative for legal persons)

B: Identity of the notifier, if applicable
Full name
Contact address
Phone number & email
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

For notes on how to complete form TR-1 please see the FSA website.

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLUKABRNRAUAAR

RNS metadata

Title: Holding(s) in Company
Time: 17:12:04
Date: 19 Feb 2016
Category: Holding(s) in company
ID: 6587P