NB Distressed Debt Invest. Fd. Ltd Holding(s) in Company (9160X)

TIDMNBDD TIDMNBDX TIDMNBDG TIDMPRU

RNS Number : 9160X

NB Distressed Debt Invest. Fd. Ltd

27 February 2017

 
 
 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 
----------------------------------------------------------  ----------------------------------- 
 Other (please specify): Redemption of                                       X 
  Extended Life Shares Class 
----------------------------------------------------------  ----------------------------------- 
 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 
                                                               The Prudential Assurance Company 
                                                                           Limited 
                                                                      M&G Group Limited 
                                                                         M&G Limited 
                                                                  M&G Investment Management 
                                                                           Limited 
----------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                           23 February 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                              24 February 2017 
  notified: 
----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                     15% - 14% 
----------------------------------------------------------  ----------------------------------- 
 
 
 
 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) 
-------------------      -------------      -------------    ---------------  ---------  -------------  ----------  ----------- 
       EXTED 
       LIFE RED 
      ORD NPV SHS 
     GG00BYP25X61           26,507,782         26,507,782        25,225,528        0        25,225,528        0         7.18% 
---------------------  -----------------  -----------------  ---------------  ---------  -------------  ----------  ----------- 
     NEW RED ORD 
          NPV 
     GG00BH7JH183           27,366,750         27,366,750        27,366,750        0        27,366,750        0         7.79% 
---------------------  -----------------  -----------------  ---------------  ---------  -------------  ----------  ----------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------- 
 Type of financial        Expiration         Exercise/                           Number of voting          % of voting 
  instrument               date               Conversion                          rights that               rights 
                           (xiii)             Period (xiv)                        may be 
                                                                                  acquired if 
                                                                                  the 
                                                                                  instrument 
                                                                                  is 
                                                                                  exercised/ 
                                                                                  converted. 
-----------------------  -----------------  ----------------------------------  ------------------------  --------------------- 
      NEW RED ORD 
           NPV                                                                           13,000                   0.00% 
      GG00BH7JH183 
    (Right of Recall) 
-----------------------  -----------------  ----------------------------------  ------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------- 
 Type of financial    Exercise           Expiration         Exercise/        Number of voting            % of voting 
  instrument          price              date               Conversion        rights instrument           rights (xix, 
                                         (xvii)             period            refers to                   xx) 
                                                            (xviii) 
-------------------  -----------------  -----------------  ---------------  --------------------------  ----------------------- 
                                                                                                         Nominal       Delta 
-------------------  -----------------  -----------------  ---------------  --------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                                     Percentage of voting rights 
--------------------------------------------------------------------------  --------------------------------------------------- 
 52,605,278                                                                  14.98% 
--------------------------------------------------------------------------  --------------------------------------------------- 
 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) - 52,605,278 (14.98%) 
   The Prudential Assurance Company Limited (wholly owned 
   subsidiary of Prudential plc) - 50,991,766 (14.52%) 
   M&G Group Limited (wholly owned subsidiary of Prudential 
   plc) - 52,605,278 (14.98%) 
   M&G Limited (wholly owned subsidiary of M&G Group Limited) 
   - 52,605,278 (14.98%) 
   M&G Investment Management Limited (wholly owned subsidiary 
   of M&G Limited) - 52,605,278 (14.98%) 
 
 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: 
---------------------------------------------------------------------------------------  -------------------------------------- 
 
 
  13. Additional information: 
--------------------------------------------------------------------------  --------------------------------------------------- 
 14. Contact name:                                                           John Baker / Owen Smith / 
                                                                              James Todd 
                                                                              M&G Investment Management 
                                                                              Limited 
--------------------------------------------------------------------------  --------------------------------------------------- 
                                                                             020 7004 4517 / 020 7548 
 15. Contact telephone number:                                                2293 / 020 7548 2293 
--------------------------------------------------------------------------  --------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 27, 2017 05:14 ET (10:14 GMT)