Holding(s) in Company

 

TIDMADMF 
 
RNS Number : 0616R 
Advance Developing Markets Fund Ltd 
13 August 2010 
 

Advance Developing Markets Fund Limited has received the following notification 
of interest in its shares 
 
TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES 
 
1. Identity of the issuer or the underlying issuer of existing shares to which 
voting rights are attached (ii):   Advance Developing Markets Fund Limited 
 
2. Reason for the notification (please state Yes/No): (    ) 
 
An acquisition or disposal of voting rights: ( YES  ) 
 
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 to the notification obligation (iii): 
City of London Investment Management Company Limited 
 
4. Full name of shareholder(s) (if different from 3.) (iv): 
 
5. Date of the transaction (and date on which the threshold is crossed or 
reached) (v): 
10 August 2010 
 
6. Date on which issuer notified: 
12 August 2010 
 
7. Threshold(s) that is/are crossed or reached (vi, vii): 
19% 
 
8. Notified details: 
 
 
A: Voting rights attached to shares (viii, ix) 
 
+--------------+------------+------------+ 
| Class/type   |        Situation        | 
| of shares    |    previous to the      | 
| if           |       Triggering        | 
| possible     |      transaction        | 
| using the    |                         | 
| ISIN CODE    |                         | 
+--------------+-------------------------+ 
|              | Number     | Number     | 
|              | of         | of         | 
|              | shares     | voting     | 
|              |            | Rights     | 
|              |            |            | 
+--------------+------------+------------+ 
| GG00B45L2K95 | 12,508,017 | 12,508,017 | 
+--------------+------------+------------+ 
|              |            |            | 
+--------------+------------+------------+ 
 
 
Resulting situation after the triggering transaction 
 
+-------------------+----------------+----------+--------------+--------+----------+ 
| Class/type of     | Number of      | Number of voting rights | % of voting       | 
| shares if         | shares         |                         | rights            | 
| possible using    |                |                         |                   | 
| the ISIN CODE     |                |                         |                   | 
+-------------------+----------------+-------------------------+-------------------+ 
|                   | Direct         | Direct   | Indirect     | Direct | Indirect | 
|                   |                | (xi)     | (xii)        |        |          | 
|                   |                |          |              |        |          | 
+-------------------+----------------+----------+--------------+--------+----------+ 
| GG00B45L2K95      | N/A            |          | 12,555,017   | 19.04% |          | 
+-------------------+----------------+----------+--------------+--------+----------+ 
 
B: Qualifying Financial Instruments 
Resulting situation after the triggering transaction 
 
+------------+-------------+---------------------+-----------------+-------------+ 
| Type of    | Expiration  | Exercise/Conversion | Number of       | % of voting | 
| financial  | Date (xiii) | Period/ Date (xiv)  | voting rights   | rights      | 
| instrument |             |                     | that 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       | Exercise | Expiration | Exercise/  | Number of voting | % of voting     | 
| of         | price    | date xvii  | Conversion | rights           | rights xix,     | 
| financial  |          |            | period     | instrument       | xx              | 
| instrument |          |            | xviii      | refers to        |                 | 
|            |          |            |            |                  |                 | 
+------------+----------+------------+------------+------------------+-----------------+ 
|            |          |            |            |                  | Nominal | Delta | 
+            +          +            +            +                  +---------+-------+ 
|            |          |            |            |                  |         |       | 
+------------+----------+------------+------------+------------------+---------+-------+ 
|                                                                                      | 
+------------+----------+------------+------------+------------------+---------+-------+ 
 
 
Total (A+B+C) 
+------------+--------+ 
| Number     | % of   | 
| of         | voting | 
| voting     | rights | 
| rights     |        | 
|            |        | 
+------------+--------+ 
| 12,555,017 | 19.04% | 
+------------+--------+ 
 
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 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: 
Mark Jolly or Mike Sugrue 
 
15. Contact telephone number: 
[e-mail] -610-380-0121 OR 
[e-mail] - 0207 860 8340 
 
Enquiries: 
 
Name of person making this announcement on behalf of Advance Developing Markets 
Fund Limited. 
 
Mr Russell Scott 
 
Tel: [phone] 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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