Source - RNS
RNS Number : 7167J
Chenavari Capital Solutions Limited
13 September 2016
 

 

 

 

 

 

 

TR-1: Notification of Major Interest in Shares

 

 

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii

Chenavari Capital Solutions Limited

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 specify):

Notification due to Babson Capital Management (BCM) name change to Barings LLC

x

3. Full name of person(s) subject to the
notification obligation:
iii

Barings LLC

Baring Asset Management Limited ("BAM")

Baring Fund Managers Limited ("BFM")

Baring International Fund Managers (Ireland) Limited ("BIFMI")

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

12th September 2016

6. Date on which issuer notified:

 12th September  2016

7. Threshold(s) that is/are crossed or
reached:
vi, vii

N/A

           

 

8. Notified details:

 

Morgan Sharpe Administration Ltd

Old Bank Chambers, La Grande Rue,

St Martin's, Guernsey,

Channel Islands, GY4 6RT


Serena Tremlett & Melanie Torode

[email protected] / [email protected]

 

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of Voting

Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

 

 

 

GG00BCHWW517

 

7,559,337 (BAM)

 

3,804,987 (BFM)

 

555,500 (BIFMI)

 

11,919,824 (Total)

 

 

 

 

7,559,337 (BAM)

 

3,804,987 (BFM)

 

555,500 (BIFMI)

 

11,919,824 (Total)

 

 

 

N/A

 

N/A

 

N/A

 

N/A

N/A

 

N/A

 

N/A

 

N/A

7,559,337 (BAM)

 

3,804,987 (BFM)

 

555,500 (BIFMI)

 

11,919,824 (Total)

N/A

 

N/A

 

N/A

 

N/A

5.80%

 

2.92%

 

0.43%

 

9.15%

 

 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
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

Percentage of voting rights

7,559,337 (BAM)

 

3,804,987 (BFM)

 

555,500 (BIFMI)

 

11,919,824 (Total)

5.80%

 

2.92%

 

0.43%

 

9.15% (Total)

                               

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

 

Barings LLC, Baring Asset Management Limited ("BAM"), Baring Fund Managers Limited ("BFM") and Baring International Fund Managers (Ireland) Limited ("BIFMI") - 11,919,824 (9.15%)

 

The percentage of holdings noted above is based on total voting rights of 130,300,000.

 

 

Baring Fund Managers Limited is wholly owned by Baring Asset Management Limited, which is wholly owned by MassMutual Holdings (Bermuda) Limited, which is wholly owned by MassMutual Baring Holding LLC, which is wholly owned by Barings LLC.

 

Baring International Fund Managers (Ireland) Limited is wholly owned by Baring International Investment Management Holdings Limited, which is wholly owned by Baring Asset Management UK Holdings Limited, which is wholly owned by Baring Asset Management Limited, which is wholly owned by MassMutual Holdings (Bermuda) Limited, which is wholly owned by MassMutual Baring Holding LLC, which is wholly owned by Barings LLC.

 

 

Proxy Voting:

10. Name of the proxy holder:

 

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:

Alicia Mellon

Baring Asset Management Limited

15. Contact telephone number:

+44 2072141761

     

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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