23 Dec 2009 10:29
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):
Lazard Asset Management LLC
4. Full name of shareholder(s) (if different from 3.) (iv):
Banc One
JPMorgan Chase Prime
Mellon Trust
Morgan Guaranty - Personal Custody
Northern Trust Co
PFPC Trust Co
State Street Bank - Custodian ETC
State Street Bank - Master Tr
State Street Bank - Custody Master Trust
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:
18 December 2009
7. Threshold(s) that is/are crossed or reached (vi, vii):
22%
8. Notified details:
A: Voting rights attached to shares (viii, ix)
| Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | |
|
| Number of shares | Number of voting Rights |
| GB0001674992 | 15,126,291 | |
Resulting situation after the triggering transaction
| Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights | % of voting rights | ||
| Direct | Direct (xi) | Indirect (xii) | Direct | Indirect | |
| GB0001674992 | 14,626,151 | 22.181% | |||
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
| Type of financial instrument | Expiration Date (xiii) | Exercise/Conversion Period/ Date (xiv) | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
| Resulting situation after the triggering transaction | ||||||
| Type of financial instrument | Exercise price | Expiration date xvii | Exercise/ Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx | |
| Nominal | Delta | |||||
Total (A+B+C)
| Number of voting rights | % of voting rights |
| 14,626,151 | 22.181% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xxi):
| Lazard Asset Management LLC controls all the voting rights held of this issuer. |
Proxy Voting:
10. Name of the proxy holder:
N/A
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:
Legal & Compliance Department
15. Contact telephone number:
0207 448 2047
Enquiries:
Name of person making this announcement on behalf of Advance Developing Markets Fund Limited
Mr Russell Scott
Tel: 020 7490 4355