Advance Developing Markets Fund Ltd Holding(s) in Company (7788P)

TIDMADMF

RNS Number : 7788P

Advance Developing Markets Fund Ltd

10 June 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST 
  IN SHARES(i) 
--------------------------------------------------  ---------------------------------- 
 1. Identity of the issuer or the underlying           Advanced Developing Market Ltd. 
  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                      Wells Capital Management, Inc. 
  to the 
  notification obligation: (iii) 
--------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
--------------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date                                 February 28, 2015 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:                                        June 9, 2015 
--------------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                5% 
--------------------------------------------  ---------------------------------------- 
 
 
 
 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 
                  of                   of                    of shares       rights                 rights (x) 
                  Shares               Voting 
                                       Rights 
--------------  -------------------  --------------------  --------------  ---------------------  --------------------- 
                                                            Direct          Direct   Indirect      Direct     Indirect 
                                                                             (xi)     (xii) 
--------------    -----  -----  ---  ----  -----  -------  --------------  -------  ------------  ---------  ---------- 
 
  GG00B45L2K95   2,507,512            2,507,512             2,718,256                2,718,256                5.24% 
                -------------------  --------------------  --------------  -------  ------------  ---------  ---------- 
 
 
 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 
---------------------------------------------------------------  ------------------------------------------------------ 
 
   2,718,256                                                      5.24% 
---------------------------------------------------------------  ------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
---------------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
---------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                           Wells Capital Management, 
                                                                              Inc. 
------------------------------------------------------  -------------------------- 
 11. Number of voting rights proxy holder acquired 
  to hold:                                                                 210,744 
------------------------------------------------------  -------------------------- 
 12. Date on which proxy holder will cease to                    February 28, 2015 
  hold 
  voting rights: 
------------------------------------------------------  -------------------------- 
 
 
  13. Additional information: 
------------------------------------------------------  -------------------------- 
 14. Contact name:                                                      Kevin Pham 
-----------------------------------------  --------------------------------------- 
 15. Contact telephone number:                                      1-415-222-1728 
-----------------------------------------  --------------------------------------- 
 
 

Enquiries:

Advance Developing Markets Fund Limited

Cavendish Administration Limited (UK Administration Agent)

   Anthony Lee   Tel: [phone] 

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