TIDMAOF

RNS Number : 3231K

Africa Opportunity Fund Limited

15 April 2015

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                            Africa Opportunity Fund 
  the underlying issuer                                                                  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                                      X 
------------------------------------------------------------------  ---------------------------- 
 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): 
---------------------------------------------------------  -------  ---------------------------- 
 3. Full name of person(s)                                             City of London Investment 
  subject to the                                                      Management Company Limited 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                                        14 April 2015 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                                           15 April 2015 
  notified: 
-----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are                                                           Above 27% 
  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) 
-------------      ------------    -------------    --------------  ---------  ------------  ------------  ----------- 
 KYG012921048   2,440,000         2,440,000          4,490,000                  4,490,000                   6.25% 
-------------  ----------------  -----------------  --------------  ---------  ------------  ------------  ----------- 
 KYG012921121   15,000,000        15,000,000         15,000,000                 15,000,000                  20.88% 
-------------  ----------------  -----------------  --------------  ---------  ------------  ------------  ----------- 
 
 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 
----------------------------------------------------  ---------------------------------------------------------------- 
 19,490,000                                            27.13% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------- 
 
   All voting rights on all shares are controlled by City 
   of London Investment Management Company Limited. 
 
 Proxy Voting: 
------------------------------------------------------------------------- 
 10. Name of the proxy holder:                  City of London Investment 
                                                       Management Company 
                                                                  Limited 
--------------------------------------  --------------------------------- 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
--------------------------------------  --------------------------------- 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
--------------------------------------  --------------------------------- 
 
                                       Africa Opportunity Fund (AOF) 
  13. Additional information:           - Total Voting Rights 
                                        RNS Number : 0851F 
                                        Africa Opportunity Fund Limited 
                                        17 April 2014 
                                        Africa Opportunity Fund Limited 
                                        (the "Company") 
 
                                        Total Voting Rights 
                                        In conformity with the FCA's 
                                        Disclosure and Transparency 
                                        Rules ("the Rules"), the 
                                        Company would like to notify 
                                        the market that the Company's 
                                        issued share capital consisted 
                                        of the following as at 17 
                                        April 2014: 
                                        - 42,630,327 ordinary shares; 
                                        and 
                                        - 29,200,000 C shares. 
                                        The ordinary shares and the 
                                        C shares carry the right 
                                        to 1 voting right per share 
                                        as if the C shares and the 
                                        ordinary shares were a single 
                                        class. Therefore, holders 
                                        of ordinary shares and/or 
                                        C shares should use 71,830,327 
                                        as the denominator for the 
                                        calculations by which they 
                                        will determine if they are 
                                        required to notify their 
                                        interest in, or a change 
                                        to their interest in the 
                                        Company under the Rules. 
------------------------------------  ----------------------------------- 
 14. Contact name:                            Ben Heatley or Chris Weaver 
------------------------------------  ----------------------------------- 
 15. Contact telephone number:                   Ben.Heatley@Citlon.co.uk 
                                                       - 0207 711 1565 OR 
                                          Christopher.Weaver@Citlon.co.uk 
                                                          - 0207 860 8329 
------------------------------------  ----------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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