Advance Frontier Markets Fund Ltd Holding(s) in Company (5875S)

TIDMAFMF

RNS Number : 5875S

Advance Frontier Markets Fund Ltd

18 March 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                   Advance Frontier Markets 
  the underlying issuer                                          Fund Ltd 
  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)                                    City of London Investment 
  subject to the                                               Management Company Ltd 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ------------------------------- 
 5. Date of the transaction                                                    March 15 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------- 
 6. Date on which issuer                                                       March 17 2016 
  notified: 
-----------------------------------------------------------  ------------------------------- 
 7. Threshold(s) that is/are                                                        Above 5% 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ------------------------------- 
 
 
 
 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   8,305,592         8,305,592         9,186,843                  9,186,843                    5.4% 
               ----------------  ----------------  --------------  ---------  -------------  ------------  ----------- 
 
 
 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 voting            % of voting 
 financial         price          date            Conversion         rights instrument           rights (xix, 
 instrument                       (xvii)          period             refers to                   xx) 
                                                  (xviii) 
---------------  --------------  --------------  ----------------  --------------------------  ----------------------- 
                                                                                                Nominal       Delta 
---------------  --------------  --------------  ----------------  --------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  ----------------------------------------------------------------- 
 9,186,843                                            5.4% 
---------------------------------------------------  ----------------------------------------------------------------- 
 
 
 
 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 Company 
                                  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: 
------------------------------------  ----------------------------------- 
 14. Contact name:                              Mark Dwyer or Christopher 
                                                                   Weaver 
------------------------------------  ----------------------------------- 
 15. Contact telephone number:                  [e-mail] - 
                                                            020 7860 8312 
                                          [e-mail] 
                                                          - 020 7860 8329 
------------------------------------  ----------------------------------- 
 
 

Enquiries:

Aberdeen Emerging Capital Limited (investment manager to Advance Frontier Markets Fund Limited)

   Andrew Lister / Bernard Moody           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 18, 2016 08:00 ET (12:00 GMT)