Advance Frontier Markets Fund Ltd Holding(s) in Company (2970S)

TIDMAFMF

RNS Number : 2970S

Advance Frontier Markets Fund Ltd

16 March 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                   Advance Frontier Markets 
  the underlying issuer                                          Fund Ltd 
  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)                                    Lazard Asset Management LLC 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s)                               Bank of New York, Inc. - Global 
  (if different from 3.):(iv)                                  Custody 
                                                               JP Morgan Chase - SWIFT 
                                                               Mellon Trust 
                                                               Northern Trust Co 
                                                               State Street Bank - Custodian 
                                                               ETC 
                                                               State Street Bank- Master 
                                                               Tr ETC 
                                                               State Street Bank - Custody 
                                                               Master Trust 
-----------------------------------------------------------  ------------------------------------- 
 5. Date of the transaction                                   15 March 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer                                      16 March 2016 
  notified: 
-----------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are                                  Decrease from 16% to 15%. 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ------------------------------------- 
 
 
 
 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) 
-------------      ------------    -------------    --------------  ---------  ------------  ------------  ----------- 
 GG00B1W59J17                     27,134,013                                    25,765,213                  15.204% 
               ----------------  -----------------  --------------  ---------  ------------  ------------  ----------- 
 
 
 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 
----------------------------------------------------  ---------------------------------------------------------------- 
 25,765,213                                            15.204% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------------- 
 
   Lazard Asset Management LLC controls all the voting 
   rights held of this issuer. 
 
 Proxy Voting: 
--------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                            N/A 
-------------------------------------------------------  ------------------------------ 
 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:                                        Legal & Compliance Department 
-------------------------------------------------------  ------------------------------ 
 15. Contact telephone number:                            0207 448 2165 
-------------------------------------------------------  ------------------------------ 
 
 

Enquiries:

Aberdeen 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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March 16, 2016 09:00 ET (13:00 GMT)