Blue Capital Global Reinsurance Fnd TR-1: Notification of major interest in shares (5888T)

TIDMBCGR TIDMPRU

RNS Number : 5888T

Blue Capital Global Reinsurance Fnd

06 January 2017

 
 For filings with the FCA include the 
  annex 
  For filings with issuer exclude the 
  annex 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                                    Blue Capital Global Reinsurance 
  issuer                                                                                  Fund Limited 
  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 specify): Completion of Tender Offer                                             X 
-------------------------------------------------------------------------  ------------------------------------------- 
 3. Full name of person(s) subject                                           Prudential plc group of companies 
  to the 
  notification obligation: (iii) 
-------------------------------------------------------------------  ------------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv)                                                           Prudential plc 
                                                                           The Prudential Assurance Company Limited 
                                                                                      M&G Group Limited 
                                                                                         M&G Limited 
                                                                              M&G Investment Management Limited 
-------------------------------------------------------------------  ------------------------------------------------- 
 5. Date of the transaction and date                                                  30 December 2016 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
-------------------------------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified:                                                    05 January 2016 
-------------------------------------------------------------------  ------------------------------------------------- 
 7. Threshold(s) that is/are crossed                                                     12% - 10% 
  or                                                                                     See item 13 
  reached: (vi, vii) 
-------------------------------------------------------------------  ------------------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------ 
 Class/type of    Situation previous                  Resulting situation after the triggering 
  shares           to the triggering                   transaction 
                   transaction 
  if possible 
  using 
  the ISIN CODE 
---------------  ----------------------------------  ------------------------------------------------------------------- 
                  Number            Number            Number          Number of voting        % of voting rights 
                   of                of                of shares       rights                  (x) 
                   Shares            Voting 
                                     Rights 
-------------    ----------------  ----------------  --------------  ----------------------  --------------------------- 
                                                      Direct          Direct     Indirect     Direct        Indirect 
                                                                      (xi)        (xii) 
-------------      ------------      ------------    --------------  ---------  -----------  ------------  ------------- 
 COM USD0.00001 
      (DI) 
  BMG1189R1043      25,680,000        25,680,000       19,057,398        0       19,057,398        0           10.66% 
---------------  ----------------  ----------------  --------------  ---------  -----------  ------------  ------------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
 Type of            Expiration        Exercise/                         Number of voting          % of voting 
 financial           date (xiii)       Conversion Period                 rights that may           rights 
 instrument                            (xiv)                             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 rights 
 financial      price             date (xvii)       Conversion       rights instrument           (xix, xx) 
 instrument                                         period           refers to 
                                                    (xviii) 
-------------  ----------------  ----------------  --------------  --------------------------  ------------------------- 
                                                                                                Nominal       Delta 
-------------  ----------------  ----------------  --------------  --------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                            Percentage of voting rights 
-----------------------------------------------------------------  ----------------------------------------------------- 
 19,057,398                                                         10.66% 
-----------------------------------------------------------------  ----------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------------------------------------------- 
 
   Prudential plc (parent Company) - 19,057,398 (10.66%) 
   The Prudential Assurance Company Limited (wholly owned subsidiary of 
   Prudential plc) - 17,457,398 (9.76%) 
   M&G Group Limited (wholly owned subsidiary of Prudential plc) 19,057,398 
   (10.66%) 
   M&G Limited (wholly owned subsidiary of M&G Group Limited) 19,057,398 
   (10.66%) 
   M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) 
   19,057,398 (10.66%) 
 
 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: 
-------------------------------------------------------------------  ----------------------------------------------- 
 
 
  13. Additional information:                                           Following confirmation of the latest 
                                                                        redemption details from the issuer 

                                                                        our positions have been adjusted accordingly 
                                                                        but these are subject to change. 
-------------------------------------------------------------------  ----------------------------------------------- 
 14. Contact name:                                                    Owen Smith / John Baker / James Todd 
                                                                       M&G Investment Management Limited 
-------------------------------------------------------------------  ----------------------------------------------- 
                                                                      020 7004 4517 / 020 7548 2561 / 020 
 15. Contact telephone number:                                         7548 2293 
-------------------------------------------------------------------  ----------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLQQLFBDFFXBBV

(END) Dow Jones Newswires

January 06, 2017 11:39 ET (16:39 GMT)