Prospect Japan Fund Ld Holding(s) in Company (0630L)
July 01 2014 - 6:24AM
UK Regulatory
TIDMPJF
RNS Number : 0630L
Prospect Japan Fund Ld
01 July 2014
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES (i)
1. Identity of the issuer or the underlying
issuer of existing shares to which voting
rights are attached: ii Prospect Japan Fund Limited
-------------------------------------------------------- ---------------------------------------------------------------
2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights X
--------------------------------------------------------------------------------------------------- --------------------
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):
--------------------------------------------------------------------------------------------------- --------------------
Permal
3. Full name of person(s) subject Investment
to the notification obligation: iii Management
Limited
Permal Asset
Management LLC
Permal Japan
NV Japan
Omnibus Ltd
----------------------------------------- ------------------------------------------------------------------------------
4. Full name of shareholder(s) BNY Mellon (FBO Permal Investment Holdings
(if different from 3.):iv NV, Permal Japan Holdings NV, Japan Omnibus
Ltd.)
----------------------------------------- ------------------------------------------------------------------------------
5. Date of the transaction and date
on which the threshold is crossed 27 June 2014
or reached: v
----------------------------------------- ------------------------------------------------------------------------------
6. Date on which issuer notified:
30 June 2014
----------------------------------------- ------------------------------------------------------------------------------
7. Threshold(s) that is/are crossed
or reached: vi, vii 5%
----------------------------------------- ------------------------------------------------------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares viii, ix
----------------------------------------------------------------------------------------------------------------
Class/type of Situation previous Resulting situation after the triggering
shares to the triggering transaction
if possible using transaction
the ISIN CODE
-------------------- ----------------------------- -----------------------------------------------------------
Number of Number of Number Number of voting % of voting rights
Shares Voting Rights of shares rights x
-------------------- ------------ --------------- ----------- ----------------------- ---------------------
Direct Direct xi Indirect Direct Indirect
xii
-------------------- ------------ --------------- ----------- ------------ --------- --------- ----------
GB00B011QL44 4,421,835 4,421,835 4,421,835 4.73%
-------------------- ------------ --------------- ----------- ------------ --------- --------- ----------
B: Qualifying Financial Instruments
-------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Conversion Number of voting % of voting rights
instrument date xiii Period xiv rights that may
be acquired if the
instrument is exercised/
converted.
------------------ ----------- --------------------- -------------------------- -------------------
n/a
------------------ ----------- --------------------- -------------------------- -------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
xv, xvi
------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
------------------------------------------------------------------------------------------------------
Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights
instrument price date xvii Conversion rights instrument xix, xx
period xviii refers to
------------------ --------- ----------- -------------- ------------------- ---------------------
Nominal Delta
------------------ --------- ----------- -------------- ------------------- ----------- --------
n/a
------------------ --------- ----------- -------------- ------------------- ----------- --------
Total (A+B+C)
------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------ ----------------------------
4,421,835 4.73%
------------------------ ----------------------------
9 . Chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held, if applicable:
xxi
------------------------------------------------------------------------------
Japan Omnibus Ltd (4,421,835 shares and voting rights of 4.73%). Permal
Japan Holdings NV is the sole beneficial owner of Japan Omnibus Ltd.
This notification is being made in respect of Permal Investment Management
Services Limited (PIMS) and Permal Asset Management LLC (PAML), which
are both indirect holders of the shares for the purpose of DTR 5.2.1(h).
------------------------------------------------------------------------------
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: The change in percentage voting rights
is due to Japan Omnibus Ltd, of which
Permal Japan Holdings NV (PJH) is
the sole beneficial owner, selling
125,000 shares, which caused PJH's
ownership to decrease to 4.73%.
In addition, Permal Investment Holdings
NV (PIH) sold 125,000 shares on June
27, 2014, causing PIH's ownership
to decrease to 8.15%, although this
sale did not trigger a filing.
PIMS hold the voting rights under
proxy contained in the investment
management agreements with PIH and
PJH, and sub- delegates investment
management to PAM, which also holds
the voting rights under proxy as
a result.
As a result, collectively, PIMS and
PAM's total percentage voting rights
decreased to 12.88%.
All voting rights held on behalf
of PJH and PIH are aggregated for
the purposes of DTR 5.2.1(e).
---------------------------- -------------------------------------------
14. Contact name: Karen Hager
------------------------------- ------------------------------------------------------------------------
15. Contact telephone number: +1 (212) 418 6624
------------------------------- ------------------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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