Holding(s) in Company
December 22 2009 - 6:54AM
UK Regulatory
TIDMADD
RNS Number : 5540E
Advance Developing Markets Fund Ltd
22 December 2009
Advance Developing Markets Fund Limited has received the following notification
of interest in its shares
TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):Advance Developing Markets Fund Limited
2. Reason for the notification (please state Yes/No): ( )
An acquisition or disposal of voting rights: ( YES)
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) subject to the notification obligation (iii):
City of London Investment Management Company Limited
4. Full name of shareholder(s) (if different from 3.) (iv):
5. Date of the transaction (and date on which the threshold is crossed or
reached) (v):
17 December 2009
6. Date on which issuer notified:
21 December 2009
7. Threshold(s) that is/are crossed or reached (vi, vii):
16%
8. Notified details:
A: Voting rights attached to shares (viii, ix)
+--------------+------------+------------+
| Class/type | Situation |
| of shares | previous to the |
| if | Triggering |
| possible | transaction |
| using the | |
| ISIN CODE | |
+--------------+-------------------------+
| | Number | Number |
| | of | of |
| | shares | voting |
| | | Rights |
| | | |
+--------------+------------+------------+
| GG00B45L2K95 | 10,082,537 | 10,082,537 |
+--------------+------------+------------+
| | | |
+--------------+------------+------------+
Resulting situation after the triggering transaction
+---------------------+------------------+-----------+----------------+---------+----------+
| Class/type of | Number of shares | Number of voting rights | % of voting rights |
| shares if possible | | | |
| using the ISIN CODE | | | |
+---------------------+------------------+----------------------------+--------------------+
| | Direct | Direct | Indirect (xii) | Direct | Indirect |
| | | (xi) | | | |
| | | | | | |
+---------------------+------------------+-----------+----------------+---------+----------+
| GG00B45L2K95 | N/A | | 10,737,227 | 16.28% | |
+---------------------+------------------+-----------+----------------+---------+----------+
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
+------------+-----------------+-----------------------------+---------------------+----------------+
| Type of | Expiration Date | Exercise/Conversion Period/ | Number of voting | % of voting |
| financial | (xiii) | Date (xiv) | rights that may be | rights |
| instrument | | | 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 xvii | Conversion | rights instrument | rights xix, xx |
| instrument | | | period | refers to | |
| | | | xviii | | |
+------------+----------+------------+------------+----------------------+----------------------+
| | | | | | Nominal | Delta |
+ + + + + +-----------+----------+
| | | | | | | |
+------------+----------+------------+------------+----------------------+-----------+----------+
| |
+------------+----------+------------+------------+----------------------+-----------+----------+
Total (A+B+C)
+------------+--------+
| Number | % of |
| of | voting |
| voting | rights |
| rights | |
| | |
+------------+--------+
| 10,737,227 | 16.28% |
+------------+--------+
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 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:
13. Additional information:
14. Contact name:
Jay McKenna or Mike Sugrue
15. Contact telephone number:
Jay.McKenna@Citlon.com - 001-610-380-0121 OR
Michael.Sugrue@citlon.co.uk - 0207 860 8340
Enquiries:
Name of person making this announcement on behalf of Advance Developing Markets
Fund Limited.
Mr Russell Scott
Tel: 020 7490 4355
This information is provided by RNS
The company news service from the London Stock Exchange
END
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