For filings with the FSA include the annex
For filings with issuer exclude the annex
TR-1: Notifications of Major Interests in Shares
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Schroder AsiaPacific Fund plc
2. Reason for the notification
(please place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: (X)
An acquisition or disposal of 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) :( )
As a result of the tender and return of un tendered shares today by our Custodian
3. Full name of person(s) subject to notification obligation:
City of London Investment Management Company Limited
4. Full name of shareholder(s) (if different from 3) :
N/A
5. Date of transaction (and date on which the threshold is crossed or reached if different):
21 October 2011
6. Date on which issuer notified:
25 October 2011
7. Threshold(s) that is/are crossed or reached:
From 29% to 30% if all subscription shares were converted - Only 27% of outstanding voting rights
8. Notified Details:
A: Voting rights attached to shares
Class/type of shares if possible use ISIN CODE |
Situation previous to the triggering transaction |
|
Ordinary Shares
GB0007918872 |
Number of shares 39,019,872 |
Number of voting rights |
|
|
|
Resulting situation after the triggering transaction |
Class/type of shares if possible use ISIN CODE |
Number of shares |
Number of voting rights |
% of voting rights |
||
|
|
Direct |
Indirect |
Direct |
Indirect |
|
|
|
|
|
|
B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument |
Expiration date |
Exercise/conversion period/date |
No. of voting rights that may be acquired (if the instrument exercised/ converted) |
% of voting rights |
N/A
|
|
|
|
|
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
||||||
Resulting situation after the triggering transaction |
||||||
Type of financial |
Exercise price |
Expiration date |
Exercise/ |
Number of voting rights instrument refers to
|
% of voting rights |
|
GB00B3Z0B573 - Subscription Shares |
245 pence 10-1-11 until 12-31-12 |
12-31-2012 |
Quarter, last day of March, June, September and December until 2012 |
4,717,742 shares to be newly created at time of conversion
|
Nominal |
Delta |
16.58 % |
3.23 % |
Total (A+B +C)
Number of voting rights |
% of voting rights |
45,197,614 if all subscription shares were converted |
30.97% (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 :
All Voting Rights on all Shares are controlled by City of London Investment Management Limited
Proxy Voting:
10. Name of 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:
Resulting situation based on voting rights of 145,949,115 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:
Jonathan McGuire
15. Contact telephone number:
020 7658 3496
Date: 26 October 2011