Holding(s) in Company

RNS Number : 0192W
Advance Developing Markets Fund Ltd
11 November 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 Ltd

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

Lazard Asset Management LLC

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

Bank of New York, Inc

Goldman Sachs & Co

Mellon Trust

Morgan Guaranty - Personal Custody

Morgan Stanley Prime Brokerage

Northern Trust Co

PFPC Trust Co

State Street Bank & Trust Company

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

8 November 2010

6. Date on which issuer notified:

10 November 2010

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

22%



 

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

GB0001674992

15,155,593

15,074,218

22.860%



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

Subscription Shares

GG00B462HH36



2,726,715

22.385%


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

17,800,933

22.786%



 

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 as of 08/11/2010.

 

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

 

Anthony Lee

Cavendish Administration Limited

 

Tel: 020 7490 4355

 

11 November 2010

 

END

 


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