Lazard World Trust Fund Holding(s) in Company (1864X)

TIDMWTR

RNS Number : 1864X

Lazard World Trust Fund

17 February 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                            Lazard World Trust Fund 
  the underlying issuer                                                   SICAF (LU0483266259) 
  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)                               Ironsides Partners LLC 
  subject to the 
  notification obligation: 
  (iii) 
------------------------------------------------------  -------------------------------------------------------------- 
 4. Full name of shareholder(s)                          Ironsides P Fund L.P. 
  (if different from 3.):(iv) 
------------------------------------------------------  -------------------------------------------------------------- 
 5. Date of the transaction                              15 February 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
------------------------------------------------------  -------------------------------------------------------------- 
 6. Date on which issuer                                 16 February 2017 
  notified: 
------------------------------------------------------  -------------------------------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                     10% 
------------------------------------------------------  -------------------------------------------------------------- 
 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) 
-------------        ------------    -------------    ----------------  ---------  ----------  ----------  ----------- 
 LU0483266259 
                                                      ----------------  ---------  ----------  ---------- 
                2,210,517           2,210,517                                       2,366,704               5.1% 
-------------  ------------------  -----------------      ------------  ---------  ----------    --------  ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial    Expiration      Exercise/                          Number of voting         % of voting 
  instrument           date            Conversion                         rights that              rights 
                       (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) 
---------------  ----------------  ---------------  ------------------  -----------------------  --------------------- 
                                    29                                                            Nominal     Delta 
                                     November 
                                     2017 
-------------                      ---------------  ------------------  ---------                ----------  --------- 
 Contracts 
 for Difference   N/A                                                    2,350,000                5.0%        5.0% 
---------------  ----------------    -------------        ------------  -----------------------  ----------  --------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                   Percentage of voting rights 
--------------------------------------------------------  ------------------------------------------------------------ 
 4,716,704                                                 10.11% 
--------------------------------------------------------  ------------------------------------------------------------ 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
---------------------------------------------------------------------------------------------------------------------- 
 
   Ironsides Partners LLC, a U.S. registered investment 
   advisor, is an indirect holder of the shares and is 
   entitled to exercise the above voting rights as the 
   discretionary investment manager of Ironsides P Fund 
   LP. 
 
   Ironsides P Fund LP is the direct holder of the above 
   shares and the party to the contracts for difference. 
 
 Proxy Voting: 
---------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                      N/A 
---------------------------------------------------------------------------------  ----------------------------------- 
 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:                                                                                   David S. Barnhart 
--------------------------------------------------------  ------------------------------------------------------------ 
 15. Contact telephone number:                                                                          [phone] 

--------------------------------------------------------  ------------------------------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 17, 2017 04:30 ET (09:30 GMT)