Advance Frontier Markets Fund Ltd Holding(s) in Company (1122Z)

TIDMAFMF

RNS Number : 1122Z

Advance Frontier Markets Fund Ltd

08 December 2014

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
-------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying          Advance Frontier Markets Fund, 
  issuer                                                            Inc 
  of existing shares to which voting rights 
  are 
  attached: 
--------------------------------------------------  ---------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
-------------------------------------------------------------------------------------- 
 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                   1607 Capital Partners, LLC 
  to the 
  notification obligation: 
--------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s)                      Bny Mellon        3,807,278 
  (if different from 3.):                             Northern Trust    2,861,900 
                                                      State Street      1,189,000 
--------------------------------------------  ---------------------------------------- 
 5. Date of the transaction and date                      December 3, 2014 
  on 
  which the threshold is crossed 
  or 
  reached: 
--------------------------------------------  ---------------------------------------- 
 6. Date on which issuer notified:                        December 5, 2014 
--------------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached:                                                       5% 
--------------------------------------------  ---------------------------------------- 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------------------- 
 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        rights                    (x) 
                  Shares           Voting              shares 
                                   Rights 
--------------  ---------------  -------------------  -------  ------------------------  --------------------------- 
                                                       Direct   Direct      Indirect      Direct         Indirect 
                                                                 (xi)        (xii) 
--------------  -----  --------  ------  -----  ----  -------  ----------  ------------  -------------  ------------ 
 
 GG00B1W59J17        8,858,178        8,858,178                               7,858,178                     4.64% 
--------------  ---------------  -------------------  -------  ----------  ------------  -------------  ------------ 
 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------- 
 Type of financial      Expiration        Exercise/                  Number of voting              % of voting 
  instrument             date              Conversion Period          rights that may               rights 
                                                                      be 
                                                                      acquired if the 
                                                                      instrument is 
                                                                      exercised/ converted. 
---------------------  ----------------  -------------------------  ----------------------------  ------------------ 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
-------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------- 
 Type of         Exercise         Expiration     Exercise/      Number of voting              % of voting rights 
  financial       price            date           Conversion     rights instrument 
  instrument                                      period         refers to 
--------------  ---------------  -------------  -------------  ----------------------------  ----------------------- 
                                                                                              Nominal     Delta 
--------------  ---------------  -------------  -------------  ----------------------------  ----------  ----------- 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ----------------------------------------------------- 
 Same as A 
-------------------------------------------------------------  ----------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
------------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
--------------------------------------------------  --------------------------- 
 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: 
---------------------------------------  -------------------------------------- 
 15. Contact telephone number: 
---------------------------------------  -------------------------------------- 
 
 

Enquiries:

Advance Emerging Capital Limited (investment manager to Advance Frontier Markets Fund Limited)

   Andrew Lister / Bernard Moody           Tel: [phone] 

Grant Thornton UK LLP (Nominated Adviser)

   Philip Secrett                Tel: [phone] 

Numis Securities Limited (Nominated Broker)

   David Benda                Tel: [phone] 

END

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