Nimrod Sea Assets Limited Holding(s) in Company (1209K)
September 16 2016 - 11:51AM
UK Regulatory
TIDMNSA
RNS Number : 1209K
Nimrod Sea Assets Limited
16 September 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
----------------------------------------------------------------------------------------------------------------------
1. Identity of the issuer or the underlying Nimrod Sea Assets Limited
issuer
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 Notification due to Babson Capital Management x
specify): (BCM) name change to Barings LLC
------------------------------------------------------------ ----------------------------------------------------
3. Full name of person(s) subject Barings LLC
to the Baring Asset Management Limited ("BAM")
notification obligation: (iii)
-------------------------------------------------------------- ------------------------------------------------------
4. Full name of shareholder(s) N/A
(if different from 3.):(iv)
-------------------------------------------------------------- ------------------------------------------------------
5. Date of the transaction and date 12(th) September 2016
on
which the threshold is crossed
or
reached: (v)
-------------------------------------------------------------- ------------------------------------------------------
6. Date on which issuer notified: 12(th) September 2016
-------------------------------------------------------------- ------------------------------------------------------
7. Threshold(s) that is/are crossed N/A
or
reached: (vi, vii)
-------------------------------------------------------------- ------------------------------------------------------
8. Notified details:
--------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
--------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN CODE
-------------- ------------------------------ --------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights (x)
Shares Voting
Rights
-------------- -------------- -------------- ------------- ----------------------- ----------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ------------ ------------ ------------- --------- ------------ ----------- ---------
25,870,000 25,870,000 25,870,000
(BAM) (BAM) (BAM)
N/A N/A N/A
25,870,000 25,870,000 25,870,000
GG00BK0SC854 (Total) (Total) N/A N/A (Total) N/A 19.90%
-------------- -------------- ------------- --------- ------------ ----------- ---------
B: Qualifying Financial Instruments
--------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
--------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date (xiii) Conversion Period rights that may rights
instrument (xiv) be
acquired if the
instrument is
exercised/ converted.
---------------- ------------- ----------------------------- ------------------------ --------------------
N/A N/A N/A N/A N/A
---------------- ------------- ----------------------------- ------------------------ --------------------
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 rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
--------------- ------------- ------------- -------------- ------------------------ ---------------------
N/A N/A N/A N/A N/A Nominal Delta
--------------- ------------- ------------- -------------- ------------------------ ---------- ---------
N/A N/A
-------------------------------------------------------------------------------------- ---------
Total (A+B+C)
--------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
----------------------------------------------- -------------------------------------------------------------
25,870,000 (BAM) 19.90% (BAM)
25,870,000 (Total) 19.90% (Total)
----------------------------------------------- -------------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
-----------------------------------------------------------------------------------------------
Barings LLC and Baring Asset Management Limited ("BAM") - 25,870,000
(19.90%)
The percentage of holdings noted above is based on total voting rights
of 130,000,000.
Baring Asset Management Limited 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: N/A
---------------------------------------------------------------------- -----------------------
11. Number of voting rights proxy holder will N/A
cease
to hold:
---------------------------------------------------------------------- -----------------------
12. Date on which proxy holder will cease to N/A
hold
voting rights:
---------------------------------------------------------------------- -----------------------
N/A
13. Additional information:
---------------------------------------------------------------------- -----------------------
14. Contact name: JTC (Guernsey) Limited
---------------------------------------------------------------------- -----------------------
15. Contact telephone number: +44 1481 702 400
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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