Holding(s) in Company

RNS Number : 6622L

Advance Developing Markets Fund Ltd

10 May 2010

 



Advance Developing Markets Fund Limited has received the following notification of interest in its shares

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):   Advance Developing Markets Fund Limited

2. Reason for the notification (please state Yes/No): (    )

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):

Lazard Asset Management LLC

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

Bank of New York, Inc

Bank One

JPMorgan Chase Prime

Lazard Freres & co

Mellon Trust

Morgan Guaranty - Personal Custody

Northern Trust Co

PFPC Trust Co

State Street Bank - Custodian ETC

State Street Bank - Master Tr

State Street Bank - Custody Master Trust

5. Date of the transaction (and date on which the threshold is crossed or  reached) (v):

7 May 2010

6. Date on which issuer notified:

10 May 2010

7. Threshold(s) that is/are crossed or reached (vi, vii):

23%

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
	Number of shares	Number of voting Rights
GB0001674992		15,135,913

Resulting situation after the triggering transaction

Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights		% of voting rights
	Direct	Direct (xi)	Indirect (xii)	Direct	Indirect
GB0001674992			15,164,753	22.998%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument	Expiration Date (xiii)	Exercise/Conversion Period/ Date (xiv)	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
Subscription Shares GG00B462HH36			2,820,482	23.155%

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	% of voting rights
17,985,235	23.022%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable ^(xxi):

Lazard Asset Management LLC controls all the voting rights held of this issuer.

Proxy Voting:

10. Name of the proxy holder:

N/A

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:

Percentage of voting rights for ordinary shares (A) is based on a denominator of 65,940,247 and subscription shares (B) is 12,180,757

Percentage of total voting rights (A+B) is based on a denominator of 78,121,004

14. Contact name:

Legal & Compliance Department

15. Contact telephone number:

0207 448 2047

Enquiries:

Name of person making this announcement on behalf of Advance Developing Markets Fund Limited

Mr Russell Scott

Tel: [phone]

 

END

 

 

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