Holding(s) in Company

RNS Number : 3885Y

NB Distressed Debt Invest. Fd. Ltd

16 May 2016

 

For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				NB Distressed Debt Investment Fund Limited
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):
3. Full name of person(s) subject to the notification obligation: iii		Prudential plc group of companies
4. Full name of shareholder(s)  (if different from 3.):iv		Prudential plc M&G Group Limited M&G Limited M&G Investment Management Limited The Prudential Assurance Company Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v		13 May 2016
6. Date on which issuer notified:		16 May 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		See item 13

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

EXTENDED LIFE RED ORD NPV SHS GG00BZBXBY39

26,664,630

26,664,630

26,664,630

0

26,664,630

0

7.04%

NEW RED ORD NPV GG00BH7JH183

27,379,750

27,379,750

27,379,750

0

27,379,750

0

7.22%

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

54,044,380

14.26%

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

Prudential plc (parent Company) - 54,044,380 (14.26%) M&G Group Limited (wholly owned subsidiary of Prudential plc) - 54,044,380 (14.26%) M&G Limited (wholly owned subsidiary of M&G Group Limited) - 54,044,380 (14.26%) M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) - 54,044,380 (14.26%) The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc) - 53,059,667 (14.00%)

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

The non-exempt indirect holdings for Prudential plc have moved from 13% to a 14% notifiable interest. The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc) has moved from 13% to a 14% notifiable interest.

14. Contact name:

John Baker / Owen Smith M&G Investment Management Limited

15. Contact telephone number:

020 7004 4517 / 020 7548 2293

 

END

 

 

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