JPEL Private Equity Limited Holding(s) in Company (9004F)

TIDMJPEL

RNS Number : 9004F

JPEL Private Equity Limited

01 August 2016

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                                   JPEL Private Equity Limited 
  issuer 
  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 
------------------------------------------------------------------------------------------------------------------ 
 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                                                       Notification due to organisational change - BAM         x 
  (please specify):                                          became a subsidiary of BCM 
----------------------------------------------------------  ------------------------------------------------------ 
 3. Full name of person(s) subject                                      Babson Capital Management LLC ("BCM") 
  to the                                                               Baring Asset Management Limited ("BAM") 
  notification obligation: (iii)                                         Baring Fund Managers Limited ("BFM") 
                                                                          Baring International Fund Managers 
                                                                             (Ireland) Limited ("BIFMI") 
------------------------------------------------------------  -------------------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
------------------------------------------------------------  -------------------------------------------------------- 
 5. Date of the transaction and date                                              29(th) July 2016 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------------------------  -------------------------------------------------------- 
 6. Date on which issuer notified:                                                1(st) August 2016 
------------------------------------------------------------  -------------------------------------------------------- 
 7. Threshold(s) that is/are crossed                                                     N/A 
  or 
  reached: (vi, vii) 
------------------------------------------------------------  -------------------------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------------ 
 Class/type     Situation previous                            Resulting situation after the triggering 
 of              to the triggering                             transaction 
 shares          transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
-------------  --------------------------------------------  ----------------------------------------------------------------- 
                Number                      Number            Number       Number of voting                % of voting 
                 of                          of               of shares     rights                          rights (x) 
                 Shares                      Voting 
                                             Rights 
-------------  --------------------------  ----------------  -----------  ------------------------------  -------------------- 
                                                              Direct       Direct         Indirect (xii)   Direct     Indirect 
                                                                           (xi) 
-------------      ---------  -----------      ------------  -----------  -------------  ---------------  ---------  --------- 
 (US$ Equity    30,796,545                  30,796,545        N/A          N/A            30,796,545       N/A         8.36% 
 Shares)        (BAM)                       (BAM)                                         (BAM) 
 GB00B07V0H27                                                  N/A          N/A                             N/A         1.25% 
                4,622,602                   4,622,602                                     4,622,602 
                (BFM)                       (BFM)              N/A          N/A           (BFM)             N/A         0.50% 
 
                1,845,001                   1,845,001          N/A          N/A           1,845,001         N/A        10.12% 
                (BIFMI)                     (BIFMI)                                       (BIFMI) 
 
                37,264,148                  37,264,148                                    37,264,148 
                (Total)                     (Total)                                       (Total) 
               --------------------------  ----------------  -----------  -------------  ---------------  ---------  --------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------ 
 Type of            Expiration                Exercise/                      Number of        % of voting 
 financial           date (xiii)               Conversion Period             voting            rights 
 instrument                                    (xiv)                         rights that 
                                                                             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 rights 
 financial        price         date (xvii)      Conversion      rights instrument           (xix, xx) 
 instrument                                      period          refers to 
                                                 (xviii) 
---------------  -----------  ---------------  --------------  --------------------------  ----------------------------------- 
                                                                                            Nominal          Delta 
---------------  -----------  ---------------  --------------  --------------------------  ---------------  ------------------ 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  --------------------------------------------------------------- 
 30,796,545 (BAM)                                               8.36% 
 
  4,622,602 (BFM)                                                1.25% 
 
  1,845,001 (BIFMI)                                              0.5% 
 
  37,264,148 (Total)                                             10.12% (Total) 
-------------------------------------------------------------  --------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------------------------------------------- 
 
   Babson Capital Management LLC ("BCM"), Baring Asset Management Limited 
   ("BAM"), Baring Fund Managers Limited ("BFM") and Baring International 
   Fund Managers (Ireland) Limited ("BIFMI") - 37,264,148 (10.12%) 
 
   The percentage of holdings noted above is based on total voting rights 
   of 368,356,327. 
 
   Baring Fund Managers Limited is wholly owned by Baring Asset Management 

   Limited, which is wholly owned by MassMutual Holdings (Bermuda) Limited, 
   which is wholly owned by MassMutual Baring Holding LLC, which is wholly 
   owned by Babson Capital Management LLC. 
 
   Baring International Fund Managers (Ireland) Limited is wholly owned 
   by Baring International Investment Management Holdings Limited, which 
   is wholly owned by Baring Asset Management UK Holdings Limited, which 
   is wholly owned by Baring Asset Management Limited, which is wholly owned 
   by MassMutual Holdings (Bermuda) Limited, which is wholly owned by MassMutual 
   Baring Holding LLC, which is wholly owned by Babson Capital Management 
   LLC. 
 
 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: 
---------------------------------------------------------------------------------  --------------------------------- 
 
 
  13. Additional information: 
---------------------------------------------------------------------------------  --------------------------------- 
 14. Contact name:                                                                  Alicia Mellon 
                                                                                    Baring Asset Management Limited 
---------------------------------------------------------------------------------  --------------------------------- 
 15. Contact telephone number:                                                      [phone] 
---------------------------------------------------------------------------------  --------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 01, 2016 12:22 ET (16:22 GMT)