NB Distressed Debt Invest. Fd. Ltd Holding(s) in Company (9042W)

TIDMNBDD TIDMNBDX TIDMNBDG TIDMPRU

RNS Number : 9042W

NB Distressed Debt Invest. Fd. Ltd

29 April 2016

 
 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                                         NB Distressed Debt Investment 
  the underlying 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                                    X 
------------------------------------------------------------------  ----------------------------------- 
 Other (please 
  specify): 
---------------------------------------------------------  -------  ----------------------------------- 
 3. Full name of person(s)                                        Prudential plc group of companies 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv)                                               Prudential plc 
                                                                           M&G Group Limited 
                                                                              M&G Limited 
                                                                       M&G Investment Management 
                                                                                Limited 
                                                                   The Prudential Assurance Company 
                                                                                Limited 
-----------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction                                                 28 April 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer                                                    29 April 2016 
  notified: 
-----------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are                                                 See item 13 
  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) 
-------------      -------------      -------------    ---------------  ---------  -------------  ----------  ----------- 
  EXT SHS NPV 
  GG00BH7JH183        27,973,810         27,973,810        27,973,810        0        27,973,810        0         7.37% 
---------------  -----------------  -----------------  ---------------  ---------  -------------  ----------  ----------- 
  NEW RED ORD 
       NPV 
  GG00BPT2C943        27,379,750         27,379,750        27,379,750        0        27,379,750        0         7.22% 
---------------  -----------------  -----------------  ---------------  ---------  -------------  ----------  ----------- 
 
 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 
--------------------------------------------------------------------  --------------------------------------------------- 
 55,353,560                                                            14.59% 
--------------------------------------------------------------------  --------------------------------------------------- 
 
 
 
 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) - 55,353,560 (14.59%) 
   M&G Group Limited (wholly owned subsidiary of Prudential 
   plc) - 55,353,560 (14.59%) 
   M&G Limited (wholly owned subsidiary of M&G Group Limited) 
   - 55,353,560 (14.59%) 
   M&G Investment Management Limited (wholly owned subsidiary 
   of M&G Limited) - 55,353,560 (14.59%) 
   The Prudential Assurance Company Limited (wholly owned 
   subsidiary of Prudential plc) - 54,320,498 (14.31%) 
 
 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: 
--------------------------------------------------------  ---------------------------------- 
 
 

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April 29, 2016 12:30 ET (16:30 GMT)

  13. Additional information:                                This notification has triggered 
                                                             the following: 
 
                                                             As per 5.1.2, the non-exempt 
                                                             holdings for Prudential plc 
                                                             have moved from 13% to a 
                                                             14% notifiable interest. 
 
                                                             The Prudential Assurance 
                                                             Company Limited (a wholly 
                                                             owned subsidiary of Prudential 
                                                             plc) has moved from 13% to 
                                                             a 14% notifiable interest. 
--------------------------------------------------------  ---------------------------------- 
 14. Contact name:                                         Owen Smith /James Todd 
                                                            M&G Investment Management 
                                                            Limited 
--------------------------------------------------------  ---------------------------------- 
                                                           020 7004 4517 / 020 7548 
 15. Contact telephone number:                              2293 
--------------------------------------------------------  ---------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 29, 2016 12:30 ET (16:30 GMT)