Advance Developing Markets Fund Ltd Holding(s) in Company (2359N)

TIDMADMF

RNS Number : 2359N

Advance Developing Markets Fund Ltd

14 May 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying          Advance Developing Markets Fund 
  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                                     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               City of London Investment Management 
  to the                                                              Company Limited 
  notification obligation: (iii) 
                                            ----------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
                                            ----------------------------------------- 
 5. Date of the transaction and date                                        12-May-15 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
                                            ----------------------------------------- 
 6. Date on which issuer notified:                                          14-May-15 
                                            ----------------------------------------- 
 7. Threshold(s) that is/are crossed                                        Below 28% 
  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) 
                 ----  -------  ------  -----  ---  -------------  ----------  -----------  ---------------  ------------- 
 GG00B45L2K95   14,570,017       14,570,017          14,520,017                 14,520,017                    27.96% 
               ---------------  ------------------  -------------  ----------  -----------  ---------------  ------------- 
 
 
 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. 
                       ---------------  ------------------------------  -----------------------------  ------------------- 
 
 
 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) 
                 -------------  -------------  ------------------  ----------------------------  ------------------------- 
                                                                                                  Nominal        Delta 
                 -------------  -------------  ------------------  ----------------------------  -------------  ---------- 
 
 
 Total (A+B+C) 
 Number of voting rights                                          Percentage of voting rights 
                                                                 --------------------------------------------------------- 
 14,520,017                                                       27.96% 
                                                                 --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
 
       All voting rights on all shares are controlled by City of London Investment 
                                                       Management Company Limited. 
 
 Proxy Voting: 
 10. Name of the proxy holder:                           City of London Investment 
                                                        Management Company Limited 
                                                     ----------------------------- 
 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:                                     Ben Heatley or Chris Weaver 
                                          ---------------------------------------- 
 15. Contact telephone number:                 [e-mail] - 0207 711 
                                                                           1565 OR 
                                                 [e-mail] - 
                                                                     0207 860 8329 
                                          ---------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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