8th Apr 2014 16:08
| For filings with the FCA include the annex | |||||||||||
| For filings with issuer exclude the annex | |||||||||||
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | |||||||||||
| 1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | The World Trust Fund | ||||||||||
| 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) subject to thenotification obligation: iii | City of London Investment Management Company Limited | ||||||||||
| 4. Full name of shareholder(s)(if different from 3.):iv | |||||||||||
| 5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 2 April 2014 | ||||||||||
| 6. Date on which issuer notified: | 8 April 2014 | ||||||||||
| 7. Threshold(s) that is/are crossed orreached: vi, vii | From 16% to 14% | ||||||||||
| 8. Notified details: | |||||||||||||||||||||||||||||||||
| A: Voting rights attached to shares viii, ix | |||||||||||||||||||||||||||||||||
| Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||||||||||||||||||||||||
| NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||||||||||||||||||||||||
| Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||||||||||||||||||||||||
| LU0483266259 | 8,304,052 | 8,304,052 | 8,564,052 | 8,564,052 | 14.81% | ||||||||||||||||||||||||||||
| B: Qualifying Financial Instruments | |||||||||||||||||||||||||||||||||
| Resulting situation after the triggering transaction | |||||||||||||||||||||||||||||||||
| Type of financialinstrument | Expirationdate xiii | Exercise/ Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||||||||||||||||||||||||
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||||||||||||||||||||||||||||||
| Resulting situation after the triggering transaction | |||||||||||||||||||||||||||||||||
| Type of financialinstrument | 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 | ||||||||||||||||||||||||||||||||
| 8,564,052 | 14.81% of shares outstanding as prescribed by Luxembourg which includes treasury shares. | ||||||||||||||||||||||||||||||||
| 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | |||||
| All voting rights on all shares are controlled by City of London Investment Management Company Limited. | |||||
| Proxy Voting: | |||||
| 10. Name of the proxy holder: | City of London Investment Management Company Limited | ||||
| 11. Number of voting rights proxy holder will ceaseto hold: | |||||
| 12. Date on which proxy holder will cease to holdvoting rights: | |||||
| 13. Additional information: | Headline: Allotment of ordinary shares Released: 16:54 02-Apr-2014
Further to the announcement made earlier today, The World Trust Fund (the "Company") announces that it has been informed by the trustee, appointed by the Company in accordance with the terms of the warrant instrument dated 11 August 2011 (the “Warrant Instrument”), that it has exercised all the outstanding warrants. A total of 7,794,037 ordinary shares have therefore been issued and allotted, subject to listing, following the final exercise date. The ordinary shares rank pari passu with the existing ordinary shares in issue. Following the allotment of the ordinary shares referred to above, with effect from admission, the Company's issued ordinary share capital will consist of 57,819,622 ordinary shares with voting rights (including 10,211,277 ordinary shares which are held in treasury). The Company has been advised that under the Luxembourg Transparency Law of 11 January 2008, shares held in treasury are required to be included in the denominator to be used by shareholders in their shareholding announcements.
Due to the above stated corporate action, City of London Investment Management’s ownership has decreased as the total share capital of the company has increased. | ||||
| 14. Contact name: | Ben Heatley or Chris Weaver | ||||
| 15. Contact telephone number: | [email protected] - 0207 711 1565 OR [email protected] – 0207 860 8329 | ||||
Copyright Business Wire 2014
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