CATCo Reinsurance Opps Fund Ltd Holding(s) in Company (2895G)

TIDMCAT TIDMPRU

RNS Number : 2895G

CATCo Reinsurance Opps Fund Ltd

25 May 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                        CATCo Reinsurance Opportunities 
  the underlying issuer                                                        Fund 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 
-------------------------------------------------------------------  ----------------------------------- 
 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                                     X 
-------------------------------------------------------------------  ----------------------------------- 
 Other (please 
  specify): 
---------------------------------------------------------  --------  ----------------------------------- 
 3. Full name of person(s)                                        Prudential plc group of companies 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv)                                                Prudential plc 
                                                                    The Prudential Assurance Company 
                                                                                Limited 
                                                                           M&G Group Limited 
                                                                              M&G Limited 
                                                                       M&G Investment Management 
                                                                                Limited 
-----------------------------------------------------------  ------------------------------------------- 
 5. Date of the transaction                                                  23 May 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------------- 
 6. Date on which issuer                                                     25 May 2017 
  notified: 
-----------------------------------------------------------  ------------------------------------------- 
 7. Threshold(s) that is/are                                                 See item 13 
  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) 
-------------------      ------------      ------------    --------------  ---------  ------------  ------------  ----------- 
 ORD USD0.00013716 
  (DI) 
  BMG1961Q2095            41,389,974        41,389,974       41,428,481        0       41,428,481         0          11.63% 
---------------------  ----------------  ----------------  --------------  ---------  ------------  ------------  ----------- 
 ORD USD0.0001(DI) 
  C 
  BMG1961Q1428              140,462           140,462             0            0            0             0          0.00% 
---------------------  ----------------  ----------------  --------------  ---------  ------------  ------------  ----------- 
 
 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. 
-----------------------  ----------------  --------------------------------  -------------------------  --------------------- 
 
    ORD USD0.00013716 
           (DI) 
       BMG1961Q2095 
    (Right of Recall)                                                                 881,000                   0.25% 
-----------------------  ----------------  --------------------------------  -------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
----------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------------- 
 Type of financial    Exercise          Expiration        Exercise/       Number of voting             % of voting 
  instrument          price             date              Conversion       rights instrument            rights (xix, 
                                        (xvii)            period           refers to                    xx) 
                                                          (xviii) 
-------------------  ----------------  ----------------  --------------  ---------------------------  ----------------------- 
                                                                                                       Nominal       Delta 
-------------------  ----------------  ----------------  --------------  ---------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                                  Percentage of voting rights 
-----------------------------------------------------------------------  ---------------------------------------------------- 
 42,309,481                                                               11.88% 
-----------------------------------------------------------------------  ---------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------------------- 
 
   Prudential plc (parent Company) - 42,309,481 (11.88%) 
   The Prudential Assurance Company Limited (wholly owned 
   subsidiary of Prudential plc) - 36,876,606 (10.35%) 
   M&G Group Limited (wholly owned subsidiary of Prudential 
   plc) - 42,309,481 (11.88%) 
   M&G Limited (wholly owned subsidiary of M&G Group Limited) 
   - 42,309,481 (11.88%) 
   M&G Investment Management Limited (wholly owned subsidiary 
   of M&G Limited) - 42,309,481 (11.88%) 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                            N/A 
--------------------------------------------------------  ---------------------------------- 
 11. Number of voting rights proxy                                        N/A 
  holder will cease to hold: 

--------------------------------------------------------  ---------------------------------- 
 12. Date on which proxy holder will                                      N/A 
  cease to hold voting rights: 
--------------------------------------------------------  ---------------------------------- 
 
                                                           The Prudential Assurance 
  13. Additional information:                               Company Limited (wholly owned 
                                                            subsidiary of Prudential 
                                                            plc) has moved above a 10% 
                                                            notifiable interest triggering 
                                                            this notification. 
 
                                                            Following confirmation of 
                                                            the latest conversion details 
                                                            from the custodian our positions 
                                                            have been adjusted accordingly 
                                                            but these are subject to 
                                                            change. 
--------------------------------------------------------  ---------------------------------- 
 14. Contact name:                                                              Judith Wynne 
--------------------------------------------------------  ---------------------------------- 
 15. Contact telephone number:                                               [phone] 
--------------------------------------------------------  ---------------------------------- 
 
 

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May 25, 2017 12:14 ET (16:14 GMT)