---
title: "BGH Announces Termination of Deposit Agreement and De-listing of GDRs"
description: "Bank of Georgia Holdings plc (BGH) announces that, following the expiry of the 90-day notice period given by JSC Bank of Georgia (the Bank) to terminate the dep"
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locale: en
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  "og:description": "Bank of Georgia Holdings plc (BGH) announces that, following the expiry of the 90-day notice period given by JSC Bank of Georgia (the Bank) to terminate the dep"
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---

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06 Jun 2012

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Bank of Georgia Holdings plc (BGH) announces that, following the expiry of the 90-day notice period given by JSC Bank  
of Georgia (the Bank) to terminate the deposit agreement (the Deposit Agreement) in respect of all of the Bank's  
outstanding global depositary receipts (GDRs) in accordance with its terms, the Deposit Agreement has been terminated  
with effect from today.  
  
Pursuant to the terms of the Deposit Agreement, holders of the Bank's GDRs are required to pay a cancellation fee of  
US$0.05 per GDR in connection with the cancellation of the GDRs and the termination of the Deposit Agreement. The  
Bank will pay this fee on behalf of outstanding GDR holders.  
  
Following the announcements by the Bank on 8 March 2012 and 1 May 2012 of its applications for the cancellation of the  
listing of the Bank's GDRs on the Official List and the cancellation of the admission of the Bank's GDRs to trading on the  
London Stock Exchange (the LSE) and the publication today of the relevant notices by the Financial Services Authority  
and the LSE, BGH announces that the listing of all of the Bank's GDRs on the Official List and the admission of the Bank's  
GDRs to trading on the LSE have been cancelled with immediate effect.  
  
Remaining holders of the Bank's GDRs are referred to the notice provided by The Bank of New York Mellon (as  
Depositary) on 5 April 2012 regarding the consequences of cancellation and termination. The Depositary can be contacted  
on telephone number 1-888-BNY-ADRS (1-888-269-2377) for further information in connection with this.

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