Holding(s) in Company (Replac

RNS Number : 6250E

Advance Developing Markets Fund Ltd

23 December 2009

 

The 'Holding(s) in Company' announcement for Advance Developing Markets Fund Limited released on 22/12/09 at 11:54 under RNS No 5540E has been re-released to facilitate onward transmission by third party vendors.

 

The announcement is unchanged and is reproduced in full below.



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: ( YES  )

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):

City of London Investment Management Company Limited

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

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

17 December 2009

6. Date on which issuer notified:

21 December 2009

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

16%

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
GG00B45L2K95	10,082,537	10,082,537

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
GG00B45L2K95	N/A		10,737,227	16.28%

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

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
10,737,227	16.28%

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

All voting rights on all Shares are controlled by City of London Investment Management Limited.

Proxy Voting:

10. Name of the proxy holder:

City of London Investment Management Company Limited

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:

Jay McKenna or Mike Sugrue

15. Contact telephone number:

[e-mail] - 001-610-380-0121 OR

[e-mail] - 0207 860 8340

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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