13th Sep 2016 13:30
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TR-1: Notification of Major Interest in Shares | |||||
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1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Chenavari Capital Solutions Limited | ||||
2 Reason for the notification (please tick the appropriate box or boxes): | |||||
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 specify): | Notification due to Babson Capital Management (BCM) name change to Barings LLC | x | |||
3. Full name of person(s) subject to thenotification 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 |
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5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 12th September 2016 | ||||
6. Date on which issuer notified: | 12th September 2016 | ||||
7. Threshold(s) that is/are crossed orreached: 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]
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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 | Numberof Voting Rights | Numberof shares | Number of votingrights | % 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)
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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% | ||||||||
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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 | |||||||||||
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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
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| Nominal | Delta | |||||||||
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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 thefinancial 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.
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Proxy Voting: | ||
10. Name of the proxy holder: |
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11. Number of voting rights proxy holder will ceaseto hold: |
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12. Date on which proxy holder will cease to holdvoting rights: |
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13. Additional information: |
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14. Contact name: | Alicia Mellon Baring Asset Management Limited | |
15. Contact telephone number: | +44 2072141761 | |
Related Shares:
CCSL.L