Nimrod Sea Assets Limited Holding(s) in Company (3220G)

TIDMNSA

RNS Number : 3220G

Nimrod Sea Assets Limited

04 August 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i) 
 
 
 1. Identity of the issuer or the underlying                                      Nimrod Sea Assets 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 
------------------------------------------------------------------------------------------------------------------ 
 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                                                         Notification due to organisational change - BAM       x 
  (please specify):                                            became a subsidiary of BCM 
------------------------------------------------------------  ---------------------------------------------------- 
 3. Full name of person(s) subject                                       Babson Capital Management LLC ("BCM") 
  to the                                                                Baring Asset Management Limited ("BAM") 
  notification obligation: (iii) 
--------------------------------------------------------------  ------------------------------------------------------ 
 4. Full name of shareholder(s)                                                           N/A 
  (if different from 3.):(iv) 
--------------------------------------------------------------  ------------------------------------------------------ 
 5. Date of the transaction and date                                                29(th) July 2016 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------------------------  ------------------------------------------------------ 
 6. Date on which issuer notified:                                                 1(st) August 2016 
--------------------------------------------------------------  ------------------------------------------------------ 
 7. Threshold(s) that is/are crossed                                                      N/A 
  or 
  reached: (vi, vii) 
--------------------------------------------------------------  ------------------------------------------------------ 
 
 
 
 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) 
--------------    ------------   ------------   ------------  -------------  --------------  ---------  --------- 
                 25,870,000      25,870,000                                   25,870,000 
                 (BAM)            (BAM)                                        (BAM) 
                                                 N/A           N/A                            N/A 
                 25,870,000       25,870,000                                   25,870,000 
 GG00BK0SC854    (Total)          (Total)         N/A           N/A            (Total)         N/A       19.90% 
--------------  --------------  --------------  ------------  -------------  --------------  ---------  --------- 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------- 
 Type of           Expiration     Exercise/                     Number of       % of voting 
  financial         date (xiii)    Conversion Period             voting          rights 
  instrument                       (xiv)                         rights that 
                                                                 may 
                                                                 be 
                                                                 acquired if 
                                                                 the 
                                                                 instrument 
                                                                 is 
                                                                 exercised/ 
                                                                 converted. 
----------------  -------------  ----------------------------  --------------  ---------------------------------- 
       N/A             N/A                    N/A                    N/A                       N/A 
----------------  -------------  ----------------------------  --------------  ---------------------------------- 
 
 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       % of voting rights 
  financial        price         date (xvii)     Conversion     voting          (xix, xx) 
  instrument                                     period         rights 
                                                 (xviii)        instrument 
                                                                refers to 
---------------  -------------  -------------  -------------  --------------  ----------------------------------- 
            Nominal         Delta 
           --------------  -------------------------------------------------------------------------------------- 
      N/A             N/A            N/A            N/A             N/A             N/A               N/A 
---------------  -------------  -------------  -------------  --------------  --------------  ------------------- 
 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                       Percentage of voting rights 
------------------------------------------------------------  --------------------------------------------------- 
 25,870,000 (BAM)                                              19.90% (BAM) 
 
  25,870,000 (Total)                                            19.90% (Total) 
------------------------------------------------------------  --------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------------------ 
 
                       Babson Capital Management LLC ("BCM") and Baring Asset Management Limited 
                                                                   ("BAM") - 25,870,000 (19.90%) 
 
                          The percentage of holdings noted above is based on total voting rights 
                                                                                 of 130,000,000. 
 
 
                        Baring Asset Management is wholly owned by MassMutual Holdings (Bermuda) 
                          Limited, which is wholly owned by MassMutual Baring Holding LLC, which 
                                               is wholly owned by Babson Capital Management LLC. 
 
 Proxy Voting: 
------------------------------------------------------------------------------------------------ 
 10. Name of the proxy holder:                                                     N/A 
-----------------------------------------------------------------------  ----------------------- 
 11. Number of voting rights proxy holder will                                     N/A 
  cease 
  to hold: 
-----------------------------------------------------------------------  ----------------------- 
 12. Date on which proxy holder will cease to                                      N/A 
  hold 
  voting rights: 

-----------------------------------------------------------------------  ----------------------- 
 
                                                                          N/A 
  13. Additional information: 
-----------------------------------------------------------------------  ----------------------- 
 14. Contact name:                                                        JTC (Guernsey) Limited 
-----------------------------------------------------------------------  ----------------------- 
 15. Contact telephone number:                                            [phone] 
-----------------------------------------------------------------------  ----------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 04, 2016 12:29 ET (16:29 GMT)