Solar — Major Shareholding Notification 2016

Sep 16, 2016

National Storage Mechanism | Additional information

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RNS Number : 0508K

NextEnergy Solar Fund Limited

16 September 2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			NextEnergy Solar Fund Limited
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 the notification obligation: iii	Prudential plc group of companies
4. Full name of shareholder(s) (if different from 3.):iv	Prudential plc The Prudential Assurance Company Limited M&G Group Limited M&G Limited M&G Investment Management Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v	15 September 2016
6. Date on which issuer notified:	15 September 2016
7. Threshold(s) that is/are crossed or reached: vi, vii	See item 13

8. Notified details:
A: Voting rights attached to shares viii, ix
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 x
Direct		Direct xi		Indirect xii	Direct			Indirect
RED ORD NPV GG00BJ0JVY01	74,106,999			74,106,999			74,106,999		0		74,106,999	0			21.66%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii		Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
RED ORD NPV GG00BJ0JVY01 (Right of recall)										1,846,991				0.54%
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		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
75,953,990								22.20%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Prudential plc (parent Company) - 75,953,990 (22.20%) The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc) - 73,872,212 (21.59%) M&G Group Limited (wholly owned subsidiary of Prudential plc) - 75,953,990 (22.20%) M&G Limited (wholly owned subsidiary of M&G Group Limited) - 75,953,990 (22.20%) M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) - 75,953,990 (22.20%)
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	Prudential plc has moved from a 22% to a 21% indirect notifiable interest, excluding the right of recall under the Qualifying Financial Instruments.
14. Contact name:	John Baker / Owen Smith / James Todd M&G Investment Management Limited
15. Contact telephone number:	020 7548 2561 / 020 7004 4517 / 020 7548 2293

This information is provided by RNS

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