New India Investment Tr : st PLC - Holding(s) in Company
May 03, 2016 at 06:34 am EDT
Share
RNS Number : 0573X
New India Investment Trust PLC
03 May 2016
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
New India Investment Trust PLC
2 Reason for the notification (please tick the appropriate box or boxes):
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):
3. Full name of person(s) subject to the
notification obligation:
Lazard Asset Management LLC
4. Full name of shareholder(s) (if different from 3.):
Bank of New York, Inc
JP Morgan Chase - SWIFT
Mellon Trust
Northern Trust Co
State Street Bank - Custodian ETC
State Street Bank-Custody Master Trust
State Street Bank - Master Tr - ETC
5. Date of the transaction and date on
which the threshold is crossed or
reached:
29 April 2016
6. Date on which issuer notified:
3 May 2016
7. Threshold(s) that is/are crossed or
reached:
Decrease from 21% to 20%
8. Notified details:
A: Voting rights attached to shares
Class/type of
shares
if possible using
the ISIN CODE
Situation previous
to the triggering
transaction
Resulting situation after the triggering transaction
Number
of
Shares
Number
of
Voting
Rights
Number
of shares
Number of voting
rights
% of voting rights
Direct
Direct
Indirect
Direct
Indirect
GB0006048770
12,422,986
12,400,022
20.992%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Expiration
date
Exercise/
Conversion Period
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
% of voting
rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Exercise price
Expiration date
Exercise/
Conversion period
Number of voting rights instrument refers to
% of voting rights
Nominal
Delta
Total (A+B+C)
Number of voting rights
Percentage of voting rights
12,400,022
20.992%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
Lazard Asset Management LLC controls all the voting rights held of this issuer.
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:
14. Contact name:
Stuart Reid
15. Contact telephone number:
0131 528 4134
This information is provided by RNS
The company news service from the London Stock Exchange
ENDHOLUOURRNVAVRAR
New India Investment Trust plc issued this content on 03 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 May 2016 10:33:04 UTC.
Original document available at
http://lt.morningstar.com/nsw9i6p7ec/stockreport/newsItem.aspx?id=373204741347003
abrdn New India Investment Trust plc is an investment trust. The Company's investment objective is to provide shareholders with long-term capital appreciation by investment in companies, which are incorporated in India, or which derive revenue or profit from India, with dividend yield from the Company being of secondary importance. The Company primarily invests in Indian equity securities. It may also invest in open-ended collective investment schemes and closed-end funds which invest in India and are listed on the Indian stock exchanges. It invests not more than 15% of its gross assets in other listed investment companies. It invests in various sectors, such as financials, information technology, consumer staples, materials, health care, real estate, industrials, utilities, consumer discretionary, communication services and energy. abrdn Asia Limited acts as the investment manager of the Company.