Aberdeen Frontier Mkts Inv Co Ltd Holding(s) in Company (0708A)

TIDMAFMC

RNS Number : 0708A

Aberdeen Frontier Mkts Inv Co Ltd

21 March 2017

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
 
 1. Identity of the issuer or                                 Aberdeen Frontier Markets 
  the underlying issuer                                        Investment Company Limited 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-----------------------------------------------------------  --------------------------------- 
 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)                                    Aberdeen Asset Management 
  subject to the                                               PLC 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------------- 
 4. Full name of shareholder(s)                                N/A 
  (if different from 3.):(iv) 
-----------------------------------------------------------  --------------------------------- 
 5. Date of the transaction                                   16 March 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------- 
 6. Date on which issuer 
  notified:                                                     20 March 2017 
-----------------------------------------------------------  --------------------------------- 
 
 7. Threshold(s) that is/are                                    3%, 4%, 5%, 6%, 7%, 8%, 9%, 
  crossed or                                                    10%, 11%, 12%, 13%, 14%, 15%, 
  reached: (vi, vii)                                            16% 
-----------------------------------------------------------  --------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous               Resulting situation after the 
  of             to the triggering                triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  -------------------------------  ---------------------------------------------------------------------- 
                Number           Number          Number         Number of                     % of voting 
                of                of             of shares       voting                        rights (x) 
                Shares            Voting                         rights 
                                  Rights 
-------------  ---------------  --------------  -------------  ----------------------------  ------------------------- 
                                                 Direct         Direct           Indirect     Direct        Indirect 
                                                                 (xi)             (xii) 
-------------      -----------    ------------  -------------  ---------------  -----------  ------------  ----------- 
 GG00B1W59J17   0                0               13,750,000     13,750,000                     16.09% 
-------------  ---------------  --------------  -------------  ---------------  -----------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration     Exercise/                        Number of voting              % of voting 
 financial           date           Conversion                       rights that                   rights 
 instrument          (xiii)         Period (xiv)                     may be 
                                                                     acquired if 
                                                                     the 
                                                                     instrument 
                                                                     is 
                                                                     exercised/ 
                                                                     converted. 
-----------------  -------------  -------------------------------  ----------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise       Expiration      Exercise/        Number of                     % of voting 
 financial         price         date             Conversion       voting rights                 rights (xix, 
 instrument                      (xvii)           period           instrument                    xx) 
                                                  (xviii)          refers to 
---------------  -------------  --------------  ---------------  ----------------------------  ----------------------- 
                                                                                                  Nominal     Delta 
---------------  -------------  --------------  ---------------  ----------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                           Percentage of voting rights 
------------------------------------------------  -------------------------------------------------------------------- 
 13,750,000                                        16.09% 
------------------------------------------------  -------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------------- 
 
   Aberdeen Asset Management PLC (16.09%) 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
-------------------------------------------------------------  ------------------------------------- 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
-------------------------------------------------------------  ------------------------------------- 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
-------------------------------------------------------------  ------------------------------------- 
 
                                                                This disclosure has been 
  13. Additional information:                                   calculated based on a total 
                                                                voting rights figure of 85,452,608. 
-------------------------------------------------------------  ------------------------------------- 
 14. Contact name: 
                                                                  Ben Van Loon 
-------------------------------------------------------------  ------------------------------------- 
 
 15. Contact telephone number:                                    01224 404090 
-------------------------------------------------------------  ------------------------------------- 
 
 

Enquiries:

Aberdeen Fund Managers Limited (Investment Manager to Aberdeen Frontier Markets Investment Company Limited)

   William Hemmings / Gary Jones        Tel: [phone] 

Grant Thornton UK LLP (Nominated Adviser)

   Philip Secrett               Tel: [phone] 

Numis Securities Limited (Nominated Broker)

   David Benda                Tel: [phone] 

END

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March 21, 2017 07:15 ET (11:15 GMT)