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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
New World Res A | LSE:NWR | London | Ordinary Share | GB00B42CTW68 | A ORD EUR0.0004 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.15 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMNWR
RNS Number : 4687G
New World Resources Plc
08 August 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) -------------------------------------------------- 1. Identity of the issuer or New World Resources Plc the underlying issuer ("NWR") 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 ------------------------------------------------------------------------------------------------------- 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 Conversion of EUR 6,751,036 Convertible X specify): Notes due 2020 into 105,261,829 NWR A Ordinary Shares --------------------------------------------------------- -------------------------------------------- 3. Full name of person(s) Ashmore Investment Management subject to the Limited notification obligation: (iii) Ashmore Investment Advisors Limited Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Corporate Debt Fund Ashmore Emerging Markets Corporate High Yield Fund Limited ----------------------------------------------------------- ---------------------------------------------- 4. Full name of shareholder(s) (if different from 3.):(iv) ARIA Co Pty Ltd, as trustee for the ARIA Alternative Assets Trust Ashmore Emerging Markets Corporate High Yield Fund Limited Ashmore Emerging Markets Distressed Debt Fund Limited Ashmore Funds, a Massachusetts Business Trust, on behalf of Ashmore Emerging Markets Corporate Debt Fund Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Debt Fund Ashmore SICAV in respect of Ashmore SICAV Emerging Markets High Yield Corporate Debt Fund Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Corporate Debt Fund Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Total Return Fund City National Rochdale Fixed Income Opportunities Fund Northrop Grumman Pension Master Trust Eli Lilly & Company as named fiduciary of the Lilly Retirement Plan Master Trust Ashmore Emerging Markets Debt Fund ----------------------------------------------------------- ---------------------------------------------- 5. Date of the transaction 5 August 2016 and date on which the threshold is crossed or reached: (v) ----------------------------------------------------------- ---------------------------------------------- 6. Date on which issuer 5 August 2016 notified: ----------------------------------------------------------- ---------------------------------------------- 7. Threshold(s) that is/are The aggregate percentage of crossed or voting rights held has decreased reached: (vi, vii) from 26.0% to 25.0% and therefore a threshold of more than 1% has been crossed (see 13. Additional information below). ----------------------------------------------------------- ---------------------------------------------- 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 voting % of voting of of of shares rights rights (x) Shares Voting Rights ------------ ---------------- ---------------- ------------- ---------------------------- ----------------------- Direct Direct Indirect Direct Indirect (xi) (xii) ------------ ------------ ------------ ------------- ------------- ------------- ----------- ---------- A ORD EUR0.0004 GB00B42CTW68 ---------------- ---------------- ------------- ------------- ------------- ----------- ---------- Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Corporate Debt Fund (managed by Ashmore Investment Management Limited) 609,194,311 609,194,311 609,194,311 609,194,311 12.4% ---------------- ---------------- ------------- ------------- ------------- ----------- ---------- Other shareholders managed by Ashmore Investment Management Limited 301,176,021 301,176,021 301,176,021 301,176,021 6.1% ---------------- ---------------- ------------- ------------- ------------- ----------- ---------- Ashmore Emerging Markets Corporate High Yield Fund Limited (managed by Ashmore Investment Advisors Limited) 194,705,120 194,705,120 194,705,120 194,705,120 4.0% ---------------- ---------------- ------------- ------------- ------------- ----------- ---------- Other shareholders managed by Ashmore Investment Advisors Limited 123,434,611 123,434,611 123,434,611 123,434,611 2.5% ---------------- ---------------- ------------- ------------- ------------- ----------- ---------- 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 -------------- -------------- -------------- --------------- ------------------------------ ----------- -------- Various funds and accounts managed or advised by Ashmore Investment Management Limited and Ashmore Investment Advisors Limited (the "Ashmore Funds") hold EUR6,3712,732 in aggregate principal amount of the EUR150,000,000 4.00 per cent./8.00 per cent. Mandatory Convertible Notes due 2020 (the "Notes") issued by New World Resources N.V. (the "Issuer"). The Notes convert into new or existing ordinary shares in NWR ("Parent Ordinary Shares"). As the Issuer, rather than the Ashmore Funds, has the sole right to determine whether to deliver new or existing Parent Ordinary Shares on conversion of Notes, details of the number of Parent Ordinary Shares underlying the Notes held by the Ashmore Funds are not included in this notice. ---------------------------------------------------------------------------------------------------------------------- Total (A+B+C) ---------------------------------------------------------------------------------------------------------------------- Number of voting rights Percentage of voting rights -------------------------------------------------- ------------------------------------------------------------------ 1,228,510,063 24.9% -------------------------------------------------- ------------------------------------------------------------------ 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: (xxi) -------------------------------------------------------------------------------------------- Ashmore Investment Management Limited acts as investment manager with full investment discretion and effective voting control of the following entities, which hold A Ordinary Shares in the issuer: * Aria Co Pty Ltd as trustee for Aria Alternative Assets Trust * Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Debt Fund * Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Corporate Debt Fund * Ashmore SICAV in respect of Ashmore SICAV Emerging Markets High Yield Corporate Debt Fund * Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Total Return Fund * City National Rochdale Fixed Income Opportunities Fund * Eli Lilly & Company as named fiduciary of the Lilly Retirement Plan Master Trust * Northrop Grumman Pension Master Trust Ashmore Investment Advisors Limited acts as investment manager with full investment discretion and effective voting control of the following entities, which hold A Ordinary Shares in the issuer: * Ashmore Emerging Markets Corporate High Yield Fund Limited * Ashmore Emerging Markets Distressed Debt Fund Limited * Ashmore Funds, a Massachusetts Business Trust, on behalf of Ashmore Emerging Markets Corporate Debt Fund * Ashmore Emerging Markets Debt Fund Aside from the holdings of A Ordinary Shares by Ashmore SICAV in respect of Ashmore SICAV Emerging Markets Corporate Debt Fund and Ashmore Emerging Markets Corporate High Yield Fund Limited, none of these funds holds, individually, 3% or more of the voting rights of the issuer through their holding of A Ordinary Shares. Proxy Voting: -------------------------------------------------------------------------------------------- 10. Name of the proxy holder: N/A --------------------------------------------------------- --------------------------------- 11. Number of voting rights proxy N/A holder will cease to hold: --------------------------------------------------------- --------------------------------- 12. Date on which proxy holder will N/A cease to hold voting rights: --------------------------------------------------------- --------------------------------- The voting rights percentages 13. Additional information: listed in section 8 have been calculated on the basis of 4,924,745,390 A Ordinary Shares in issue, being, we understand, the enlarged total voting rights as at the date of the transaction following the conversion of EUR 6,751,036 Convertible Notes due 2020 into 105,261,829 A Ordinary Shares and other market conversions. --------------------------------------------------------- --------------------------------- 14. Contact name: Charlotte Henderson --------------------------------------------------------- --------------------------------- 15. Contact telephone number: +44 20 3077 6271 --------------------------------------------------------- ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
August 08, 2016 02:00 ET (06:00 GMT)
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