Nimrod Sea Assets Limited Holding(s) in Company (1209K)

TIDMNSA

RNS Number : 1209K

Nimrod Sea Assets Limited

16 September 2016

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------------------------------- 
 1. Identity of the issuer or the underlying                                                 Nimrod Sea Assets 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 (please                                                 Notification due to Babson Capital Management         x 
  specify):                                                    (BCM) name change to Barings LLC 
------------------------------------------------------------  ---------------------------------------------------- 
 3. Full name of person(s) subject                                                    Barings LLC 
  to the                                                                Baring Asset Management Limited ("BAM") 
  notification obligation: (iii) 
--------------------------------------------------------------  ------------------------------------------------------ 
 4. Full name of shareholder(s)                                                                                    N/A 
  (if different from 3.):(iv) 
--------------------------------------------------------------  ------------------------------------------------------ 
 5. Date of the transaction and date                                             12(th) September 2016 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------------------------  ------------------------------------------------------ 
 6. Date on which issuer notified:                                               12(th) September 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 rights 
                  of              of              of shares      rights                   (x) 
                  Shares          Voting 
                                  Rights 
--------------  --------------  --------------  -------------  -----------------------  ---------------------- 
                                                 Direct         Direct     Indirect      Direct       Indirect 
                                                                (xi)        (xii) 
--------------    ------------   ------------   -------------  ---------  ------------  -----------  --------- 
                 25,870,000      25,870,000                                25,870,000 
                 (BAM)            (BAM)                                     (BAM) 
                                                 N/A            N/A                      N/A 
                 25,870,000       25,870,000                                25,870,000 
 GG00BK0SC854    (Total)          (Total)         N/A            N/A        (Total)       N/A         19.90% 
                --------------  --------------  -------------  ---------  ------------  -----------  --------- 
 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------- 
 Type of           Expiration     Exercise/                      Number of voting          % of voting 
  financial         date (xiii)    Conversion Period              rights that may           rights 
  instrument                       (xiv)                          be 
                                                                  acquired if the 
                                                                  instrument is 
                                                                  exercised/ converted. 
----------------  -------------  -----------------------------  ------------------------  -------------------- 
 N/A               N/A            N/A                            N/A                       N/A 
----------------  -------------  -----------------------------  ------------------------  -------------------- 
 
 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) 
---------------  -------------  -------------  --------------  ------------------------  --------------------- 
 N/A              N/A            N/A            N/A             N/A                       Nominal     Delta 
---------------  -------------  -------------  --------------  ------------------------  ----------  --------- 
              N/A                                                                                     N/A 
             --------------------------------------------------------------------------------------  --------- 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                          Percentage of voting rights 
-----------------------------------------------  ------------------------------------------------------------- 
 25,870,000 (BAM)                                 19.90% (BAM) 
 
  25,870,000 (Total)                               19.90% (Total) 
-----------------------------------------------  ------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
----------------------------------------------------------------------------------------------- 
 
                           Barings LLC and Baring Asset Management Limited ("BAM") - 25,870,000 
                                                                                       (19.90%) 
 
                         The percentage of holdings noted above is based on total voting rights 
                                                                                of 130,000,000. 
 
 
                         Baring Asset Management Limited is wholly owned by MassMutual Holdings 
                          (Bermuda) Limited, which is wholly owned by MassMutual Baring Holding 
                                                     LLC, which is wholly owned by Barings LLC. 
 
 Proxy Voting: 
----------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                              N/A 
----------------------------------------------------------------------  ----------------------- 
 11. Number of voting rights proxy holder will                                              N/A 
  cease 
  to hold: 
----------------------------------------------------------------------  ----------------------- 
 12. Date on which proxy holder will cease to                                               N/A 
  hold 
  voting rights: 
----------------------------------------------------------------------  ----------------------- 
 
                                                                                            N/A 
  13. Additional information: 
----------------------------------------------------------------------  ----------------------- 

 14. Contact name:                                                       JTC (Guernsey) Limited 
----------------------------------------------------------------------  ----------------------- 
 15. Contact telephone number:                                           [phone] 
----------------------------------------------------------------------  ----------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 16, 2016 11:51 ET (15:51 GMT)