Holding(s) in Company

RNS Number : 1868J
Advance Developing Markets Fund Ltd
25 March 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: (   )

 

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) : (YES) Change in control of voting rights

 

 

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):

JPMorgan Chase Prime

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):

23 March 2010

 

6. Date on which issuer notified:

25 March 2010

 

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

22%, 21%, 20%, 19% & 18%

 

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

 

14,990,617

 

 

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

 

 

12,055,330

18.282%

 

 

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

 

 

 

 

2,339,855

 

 

19.209%

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


14,395,185

18.427%

 

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 65,940,254 and subscription shares (B) is 12,180,758

 

Percentage of total voting rights (A+B) is based on a denominator of 78,121,012

 

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: 020 7490 4355

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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