NB Distressed Debt Invest. Fd. Ltd Holding(s) in Company (9179T)
01 April 2016 - 11:00PM
UK Regulatory
TIDMNBDD TIDMNBDX TIDMNBDG TIDMPRU
RNS Number : 9179T
NB Distressed Debt Invest. Fd. Ltd
01 April 2016
For filings with the FCA
include the annex
For filings with issuer exclude
the annex
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 X
------------------------------------------------------------ -----------------------------------
Other (please
specify):
---------------------------------------------------------- -----------------------------------
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
M&G Group Limited
M&G Limited
M&G Investment Management
Limited
The Prudential Assurance Company
Limited
----------------------------------------------------------- ------------------------------------
5. Date of the transaction 30 March 2016
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- ------------------------------------
6. Date on which issuer 31 March 2016
notified:
----------------------------------------------------------- ------------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 13% - 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)
------------- ------------- ------------- --------------- --------- ------------- ---------- -----------
EXT SHS NPV
GG00BH7JH183 27,973,820 27,973,820 27,973,820 0 27,973,820 0 7.08%
--------------- ----------------- ----------------- --------------- --------- ------------- ---------- -----------
NEW RED ORD
NPV
GG00BPT2C943 27,379,750 27,379,750 27,379,750 0 27,379,750 0 6.92%
--------------- ----------------- ----------------- --------------- --------- ------------- ---------- -----------
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
-------------------------------------------------------------------- ---------------------------------------------------
55,353,570 14.00%
-------------------------------------------------------------------- ---------------------------------------------------
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) - 55,353,570 (14.00%)
M&G Group Limited (wholly owned subsidiary of Prudential
plc) - 55,353,570 (14.00%)
M&G Limited (wholly owned subsidiary of M&G Group Limited)
- 55,353,570 (14.00%)
M&G Investment Management Limited (wholly owned subsidiary
of M&G Limited) - 55,353,570 (14.00%)
The Prudential Assurance Company Limited (wholly owned
subsidiary of Prudential plc) - 54,320,508 (13.74%)
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:
-------------------------------------------------------- -------------------------------
(MORE TO FOLLOW) Dow Jones Newswires
April 01, 2016 08:00 ET (12:00 GMT)
14. Contact name: Owen Smith / John Baker /James
Todd
M&G Investment Management
Limited
-------------------------------------------------------- -------------------------------
020 7004 4517 / 020 7548
15. Contact telephone number: 2561 / 020 7548 2293
-------------------------------------------------------- -------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLEAFLFEASKEFF
(END) Dow Jones Newswires
April 01, 2016 08:00 ET (12:00 GMT)
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