Chenavari Capital Solutions Limited Notification of Major Interest in Shares (7167J)
September 13 2016 - 8:30AM
UK Regulatory
TIDMCCSL
RNS Number : 7167J
Chenavari Capital Solutions Limited
13 September 2016
TR-1: Notification of Major Interest in Shares
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1. Identity of the issuer or Chenavari Capital Solutions
the underlying issuer Limited
of existing shares to which
voting rights are
attached: (ii)
--------------------------------------------------------------- ---------------------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
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An acquisition or disposal of voting rights
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An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
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An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
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An event changing the breakdown of voting rights
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Other (please Notification due to Babson Capital x
specify): Management (BCM) name change to Barings
LLC
--------------------------------------------------------- -----------------------------------------------
3. Full name of person(s) Barings LLC
subject to the Baring Asset Management Limited
notification obligation: ("BAM")
(iii) 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 12(th) September 2016
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- -------------------------------------------------
6. Date on which issuer 12(th) September 2016
notified:
----------------------------------------------------------- -------------------------------------------------
7. Threshold(s) that is/are N/A
crossed or
reached: (vi, vii)
----------------------------------------------------------- -------------------------------------------------
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
Serena@morgansharpe.com / Mel@morgansharpe.com
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A: Voting rights attached to shares (viii, ix)
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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 Voting of rights rights (x)
Shares Rights shares
-------------- --------------- ---------------- ----------- ------------------------------ --------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ----------- ------------ ----------- --------------- ------------- --------- ---------------
N/A N/A 7,559,337 N/A 5.80%
(BAM)
N/A N/A N/A 2.92%
GG00BCHWW517 3,804,987
N/A N/A (BFM) N/A 0.43%
N/A N/A 555,500 N/A 9.15%
(BIFMI)
11,919,824
(Total)
----------- --------------- ------------- --------- ---------------
7,559,337 7,559,337
(BAM) (BAM)
3,804,987 3,804,987
(BFM) (BFM)
555,500 555,500
(BIFMI) (BIFMI)
11,919,824 11,919,824
(Total) (Total)
-------------- --------------- ---------------- ----------- ----------- ----------- ------- ---------------
B: Qualifying Financial Instruments
--------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
--------------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that rights
(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)
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Resulting situation after the triggering transaction
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Type of Exercise Expiration Exercise/ Number of % of voting
financial price date Conversion voting rights (xix,
instrument (xvii) period rights xx)
(xviii) instrument
refers to
---------------- --------------- -------------- ------------- --------------- ---------------------------------------
Nominal Delta
---------------- --------------- -------------- ------------- --------------- ---------------------- ---------------
Total (A+B+C)
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Number of voting rights Percentage of voting rights
-------------------------------------------------------------- ----------------------------------------------------------
7,559,337 (BAM) 5.80%
3,804,987 (BFM) 2.92%
555,500 (BIFMI) 0.43%
11,919,824 (Total) 9.15% (Total)
-------------------------------------------------------------- ----------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
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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:
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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:
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13. Additional information:
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14. Contact name: Alicia Mellon
Baring Asset Management Limited
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15. Contact telephone number: +44 2072141761
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This information is provided by RNS
The company news service from the London Stock Exchange
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