Holding(s) in Company

RNS Number : 2054N
Advance Developing Markets Fund Ltd
30 August 2011
 



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

 

TR-1: 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


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

X

Other (please specify):

Conversion of Subscription shares


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

25 August 2011

6. Date on which issuer notified:

26 August 2011

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

27%



 

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

 

GG00B45L2K95

17,612,777

17,612,777

N / A


18,142,777


27.44%



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







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

 

GG00B462HH36

Subscription

Shares

291p

October 31, 2011

October 31, 2011

 

500,000 shares to be newly created at time of conversion

Nominal

Delta

5.09%

0.76%


Total (A+B+C)

Number of voting rights

Percentage of voting rights

18,642,777 if all subscription shares were converted

28.20% (if all shares are converted and if there were no new shares created)



 

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:

Based on voting rights to 66,113,801 as published by the fund on the London Stock Exchange.   Any conversion of Subscription Shares will result in the creation of new shares with voting rights.



14. Contact name:

Jay McKenna or Chris Weaver

15. Contact telephone number:

Jay.McKenna@Citlon.com - 001-610-380-0121 OR

Christopher.Weaver@citlon.co.uk - 0207 860 8329

 

Enquiries:

 

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

 

Russell Scott

Cavendish Administration Limited

 

Tel: 020 7490 4355

30 August 2011

END


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
HOLWGURARUPGUMU
UK 100

Latest directors dealings