New World Resources Plc NOTIFICATION OF MAJOR INTEREST IN SHARES (7817E)

TIDMNWR TIDMPRU

RNS Number : 7817E

New World Resources Plc

20 July 2016

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                     New World Resources plc 
  the underlying 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                            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 
                                                                      M&G Group Limited 
                                                                         M&G Limited 
                                                                 M&G Alternatives Investment 
                                                                     Management Limited 
                                                                  M&G Investment Management 
                                                                           Limited 
----------------------------------------------------------  ---------------------------------- 
 5. Date of the transaction                                            19 July 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
----------------------------------------------------------  ---------------------------------- 
 6. Date on which issuer                                               20 July 2016 
  notified: 
----------------------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                      25% - 22% 
----------------------------------------------------------  ---------------------------------- 
 
 
 
 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 
  GBP0.0004 
 GB00B42CTW68         1,092,482,588           1,092,482,588       1,092,482,588        0         1,092,482,588        0        22.66% 
-------------  --------------------------  ------------------  ------------------  ---------  ------------------  ---------  --------- 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration                Exercise/             Number of voting               % of voting 
 financial           date                      Conversion            rights that                    rights 
 instrument          (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) 
---------------  -----------  ---------------  ----------------  -----------------------------  -------------------------------------- 
                                                                                                 Nominal             Delta 
---------------  -----------  ---------------  ----------------  -----------------------------  ------------------  ------------------ 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                          Percentage of voting rights 
---------------------------------------------------------------  --------------------------------------------------------------------- 
 1,092,482,588                                                    22.66% 
---------------------------------------------------------------  --------------------------------------------------------------------- 
 
 
 
 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) - 1,092,482,588 (22.66%) 
   M&G Group Limited (wholly owned subsidiary of Prudential 
   plc) - 1,092,482,588 (22.66%) 
   M&G Limited (wholly owned subsidiary of M&G Group Limited) 
   - 1,092,482,588 (22.66%) 
   M&G Alternatives Investment Management Limited - 868,244,304 
   (18.01%) 
   M&G Investment Management Limited (wholly owned subsidiary 
   of M&G Limited) - 1,092,482,588 (22.66%) 
 
 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: 
----------------------------------------------------------  --------------------------- 
 
 
  13. Additional information: 
----------------------------------------------------------  --------------------------- 
 14. Contact name:                                           John Baker / Owen Smith / 
                                                              James Todd 
                                                              M&G Investment Management 
                                                              Limited 

----------------------------------------------------------  --------------------------- 
                                                             020 7548 2561 / 020 7004 
 15. Contact telephone number:                                4517 / 020 7548 2293 
----------------------------------------------------------  --------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 20, 2016 11:30 ET (15:30 GMT)