NB Distressed Debt Invest. Fd. Ltd Holding(s) in Company (8842W)

TIDMNBDD TIDMNBDX TIDMNBDG TIDMPRU

RNS Number : 8842W

NB Distressed Debt Invest. Fd. Ltd

14 February 2017

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the underlying                              NB Distressed Debt Investment Fund 
  issuer                                                                                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                                                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) subject                                        Prudential plc group of companies 
  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 and date                                               13 February 2017 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
-----------------------------------------------------------------  ----------------------------------------------- 
 6. Date on which issuer notified:                                                 14 February 2017 
-----------------------------------------------------------------  ----------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                  14% - 15% 
-----------------------------------------------------------------  ----------------------------------------------- 
 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
--------------------------------------------------------------------------------------------------------------------------------- 
 Class/type of          Situation previous                    Resulting situation after the triggering 
  shares                 to the triggering                     transaction 
                         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) 
-------------------      -------------      -------------    ---------------  ---------  -------------  -----------  ------------ 
    EXTED LIFE 
      RED ORD NPV 
          SHS 
     GG00BZ001B27           24,507,782         24,507,782        26,507,782        0        26,507,782        0           7.54% 
---------------------  -----------------  -----------------  ---------------  ---------  -------------  -----------  ------------ 
     NEW RED ORD 
          NPV 
     GG00BH7JH183           27,366,750         27,366,750        27,366,750        0        27,366,750        0           7.79% 
---------------------  -----------------  -----------------  ---------------  ---------  -------------  -----------  ------------ 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------------- 
 Type of financial        Expiration         Exercise/                           Number of voting          % of voting 
  instrument               date (xiii)        Conversion Period                   rights that may           rights 
                                              (xiv)                               be 
                                                                                  acquired if the 
                                                                                  instrument is 
                                                                                  exercised/ converted. 
-----------------------  -----------------  ----------------------------------  ------------------------  ----------------------- 
    NEW RED ORD NPV                                                                      13,000                    0.00% 
      GG00BH7JH183 
    (Right of Recall) 
-----------------------  -----------------  ----------------------------------  ------------------------  ----------------------- 
 
 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 rights 
  instrument          price              date (xvii)        Conversion        rights instrument           (xix, xx) 
                                                            period            refers to 
                                                            (xviii) 
-------------------  -----------------  -----------------  ---------------  --------------------------  ------------------------- 
                                                                                                         Nominal        Delta 
-------------------  -----------------  -----------------  ---------------  --------------------------  -------------  ---------- 
 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                                     Percentage of voting rights 
--------------------------------------------------------------------------  ----------------------------------------------------- 
 53,887,532                                                                  15.33% 
--------------------------------------------------------------------------  ----------------------------------------------------- 
 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) - 53,887,532 (15.33%) 
   The Prudential Assurance Company Limited (wholly owned subsidiary of 
   Prudential plc) - 52,191,949 (14.85%) 
   M&G Group Limited (wholly owned subsidiary of Prudential plc) - 53,887,532 
   (15.33%) 
   M&G Limited (wholly owned subsidiary of M&G Group Limited) - 53,887,532 
   (15.33%) 
   M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) 
   - 53,887,532 (15.33%) 
 
 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: 
---------------------------------------------------------------------------------------  ---------------------------------------- 
 
 
  13. Additional information: 
--------------------------------------------------------------------------  ----------------------------------------------------- 
 14. Contact name:                                                           John Baker / Owen Smith / James Todd 
                                                                              M&G Investment Management Limited 
--------------------------------------------------------------------------  ----------------------------------------------------- 
                                                                             020 7004 4517 / 020 7548 2293 / 020 
 15. Contact telephone number:                                                7548 2293 
--------------------------------------------------------------------------  ----------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 14, 2017 11:32 ET (16:32 GMT)