New World Resources Plc NOTIFICATION OF MAJOR INTEREST IN SHARES (4687G)
August 08 2016 - 2:00AM
UK Regulatory
TIDMNWR
RNS Number : 4687G
New World Resources Plc
08 August 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or New World Resources Plc
the underlying issuer ("NWR")
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 Conversion of EUR 6,751,036 Convertible X
specify): Notes due 2020 into 105,261,829
NWR A Ordinary Shares
--------------------------------------------------------- --------------------------------------------
3. Full name of person(s) Ashmore Investment Management
subject to the Limited
notification obligation:
(iii) Ashmore Investment Advisors
Limited
Ashmore SICAV in respect of
Ashmore SICAV Emerging Markets
Corporate Debt Fund
Ashmore Emerging Markets Corporate
High Yield Fund Limited
----------------------------------------------------------- ----------------------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv) ARIA Co Pty Ltd, as trustee
for the ARIA Alternative Assets
Trust
Ashmore Emerging Markets Corporate
High Yield Fund Limited
Ashmore Emerging Markets Distressed
Debt Fund Limited
Ashmore Funds, a Massachusetts
Business Trust, on behalf
of Ashmore Emerging Markets
Corporate Debt Fund
Ashmore SICAV in respect of
Ashmore SICAV Emerging Markets
Debt Fund
Ashmore SICAV in respect of
Ashmore SICAV Emerging Markets
High Yield Corporate Debt
Fund
Ashmore SICAV in respect of
Ashmore SICAV Emerging Markets
Corporate Debt Fund
Ashmore SICAV in respect of
Ashmore SICAV Emerging Markets
Total Return Fund
City National Rochdale Fixed
Income Opportunities Fund
Northrop Grumman Pension Master
Trust
Eli Lilly & Company as named
fiduciary of the Lilly Retirement
Plan Master Trust
Ashmore Emerging Markets Debt
Fund
----------------------------------------------------------- ----------------------------------------------
5. Date of the transaction 5 August 2016
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- ----------------------------------------------
6. Date on which issuer 5 August 2016
notified:
----------------------------------------------------------- ----------------------------------------------
7. Threshold(s) that is/are The aggregate percentage of
crossed or voting rights held has decreased
reached: (vi, vii) from 26.0% to 25.0% and therefore
a threshold of more than 1%
has been crossed (see 13.
Additional information below).
----------------------------------------------------------- ----------------------------------------------
8. Notified details:
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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 voting % of voting
of of of shares rights rights (x)
Shares Voting
Rights
------------ ---------------- ---------------- ------------- ---------------------------- -----------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------ ------------ ------------ ------------- ------------- ------------- ----------- ----------
A ORD
EUR0.0004
GB00B42CTW68
---------------- ---------------- ------------- ------------- ------------- ----------- ----------
Ashmore
SICAV
in respect
of Ashmore
SICAV
Emerging
Markets
Corporate
Debt Fund
(managed
by Ashmore
Investment
Management
Limited) 609,194,311 609,194,311 609,194,311 609,194,311 12.4%
---------------- ---------------- ------------- ------------- ------------- ----------- ----------
Other
shareholders
managed by
Ashmore
Investment
Management
Limited 301,176,021 301,176,021 301,176,021 301,176,021 6.1%
---------------- ---------------- ------------- ------------- ------------- ----------- ----------
Ashmore
Emerging
Markets
Corporate
High Yield
Fund Limited
(managed
by Ashmore
Investment
Advisors
Limited) 194,705,120 194,705,120 194,705,120 194,705,120 4.0%
---------------- ---------------- ------------- ------------- ------------- ----------- ----------
Other
shareholders
managed by
Ashmore
Investment
Advisors
Limited 123,434,611 123,434,611 123,434,611 123,434,611 2.5%
---------------- ---------------- ------------- ------------- ------------- ----------- ----------
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
-------------- -------------- -------------- --------------- ------------------------------ ----------- --------
Various funds and accounts managed or advised by Ashmore
Investment Management Limited and Ashmore Investment
Advisors Limited (the "Ashmore Funds") hold EUR6,3712,732
in aggregate principal amount of the EUR150,000,000
4.00 per cent./8.00 per cent. Mandatory Convertible
Notes due 2020 (the "Notes") issued by New World Resources
N.V. (the "Issuer"). The Notes convert into new or existing
ordinary shares in NWR ("Parent Ordinary Shares"). As
the Issuer, rather than the Ashmore Funds, has the sole
right to determine whether to deliver new or existing
Parent Ordinary Shares on conversion of Notes, details
of the number of Parent Ordinary Shares underlying the
Notes held by the Ashmore Funds are not included in
this notice.
----------------------------------------------------------------------------------------------------------------------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
-------------------------------------------------- ------------------------------------------------------------------
1,228,510,063 24.9%
-------------------------------------------------- ------------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
--------------------------------------------------------------------------------------------
Ashmore Investment Management Limited acts as investment
manager with full investment discretion and effective
voting control of the following entities, which hold
A Ordinary Shares in the issuer:
* Aria Co Pty Ltd as trustee for Aria Alternative
Assets Trust
* Ashmore SICAV in respect of Ashmore SICAV Emerging
Markets Debt Fund
* Ashmore SICAV in respect of Ashmore SICAV Emerging
Markets Corporate Debt Fund
* Ashmore SICAV in respect of Ashmore SICAV Emerging
Markets High Yield Corporate Debt Fund
* Ashmore SICAV in respect of Ashmore SICAV Emerging
Markets Total Return Fund
* City National Rochdale Fixed Income Opportunities
Fund
* Eli Lilly & Company as named fiduciary of the Lilly
Retirement Plan Master Trust
* Northrop Grumman Pension Master Trust
Ashmore Investment Advisors Limited acts as investment
manager with full investment discretion and effective
voting control of the following entities, which hold
A Ordinary Shares in the issuer:
* Ashmore Emerging Markets Corporate High Yield Fund
Limited
* Ashmore Emerging Markets Distressed Debt Fund Limited
* Ashmore Funds, a Massachusetts Business Trust, on
behalf of Ashmore Emerging Markets Corporate Debt
Fund
* Ashmore Emerging Markets Debt Fund
Aside from the holdings of A Ordinary Shares by Ashmore
SICAV in respect of Ashmore SICAV Emerging Markets Corporate
Debt Fund and Ashmore Emerging Markets Corporate High
Yield Fund Limited, none of these funds holds, individually,
3% or more of the voting rights of the issuer through
their holding of A Ordinary Shares.
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:
--------------------------------------------------------- ---------------------------------
The voting rights percentages
13. Additional information: listed in section 8 have
been calculated on the basis
of 4,924,745,390 A Ordinary
Shares in issue, being, we
understand, the enlarged
total voting rights as at
the date of the transaction
following the conversion
of EUR 6,751,036 Convertible
Notes due 2020 into 105,261,829
A Ordinary Shares and other
market conversions.
--------------------------------------------------------- ---------------------------------
14. Contact name: Charlotte Henderson
--------------------------------------------------------- ---------------------------------
15. Contact telephone number: +44 20 3077 6271
--------------------------------------------------------- ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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