REG - Ashmore Group Plc - Holding(s) in Company

Released : 26/05/2010

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RNS Number : 5987M
Ashmore Group PLC
26 May 2010 
 
 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:  Ashmore Group 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                                                       X  
 An event changing the breakdown of voting rights                                                                                                                    
 Other (please specify):                                                                                                                                               
                                                                                                                                                                       
 
 
 3. Full name of person(s) subject to the notification obligation:                  Highfields Capital Management LP                                                                                                                
 4. Full name of shareholder(s) (if different from 3.):                             Highfields Capital I LP, Highfields Capital II LP, Highfields Capital III LP., Credit Suisse Securities (USA) LLC and JP Morgan Clearing Corp.  
 5. Date of the transaction and date on which the threshold is crossed or reached:  25 May 2010                                                                                                                                     
 6. Date on which issuer notified:                                                  26 May 2010                                                                                                                                     
 7. Threshold(s) that is/are crossed or reached:                                    Increase over three per cent (3%)                                                                                                               
 
 
 8. Notified details:                 
 A: Voting rights attached to shares  
 Class/type of                        Situation previous  Resulting situation after the triggering transaction  
 shares                               to the triggering                                                         
 if possible using                    transaction                                                               
 the ISIN CODE                                                                                                  
 Number                               Number              Number                                                Number of voting  % of  voting rights  
 of                                   of                  of shares                                             rights                                 
 Shares                               Voting                                                                                                           
                                      Rights                                                                                                           
 Direct                               Direct              Indirect                                              Direct            Indirect             
 GG00B132NW22                         6,638,286           6,638,286                                                                                    6,638,286    0.94%  
 
 
 B: Qualifying Financial Instruments                   
 Resulting situation after the triggering transaction  
 Type of financial                                     Expiration  Exercise/    Number of voting        % of voting  
 instrument                                            date        Conversion   rights that may be      rights       
                                                                   Period       acquired if the                      
                                                                                instrument is                        
                                                                                exercised/ converted.                
                                                                                                                     
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial Instruments  
 Resulting situation after the triggering transaction                                       
 Type of financial                                                                          Exercise  Expiration  Exercise/                              Number of voting    % of voting rights  
 instrument                                                                                 price     date        Conversion                             rights instrument                       
                                                                                                                  period                                 refers to                               
 Contracts for Differences                                                                                        9th September 2010 - 30th August 2013  15,037,164          Nominal             Delta  
                                                                                            2.14%     
 
 
 Total (A+B+C)            
 Number of voting rights  Percentage of voting rights  
 21,675,450               3.08%                        
 
 
 9. Chain of controlled undertakings through which the voting rights and/or the                                                                                                                                                                                                                                                                                                                    
 financial instruments are effectively held, if applicable:                                                                                                                                                                                                                                                                                                                                        
 Highfields Capital Management LP is the management company to each of Highfields Capital I LP, Highfields Capital II LP and Highfields Capital III L.P. (the "Funds"). The shares disclosed in Section 8.A above are held in the name of Credit Suisse Securities (USA) LLC and J.P. Morgan Clearing Corp. and the instruments disclosed in Section 8.C above are held in the name of the Funds.  
 
 
Highfields Capital Management LP is the management company to each of Highfields Capital I LP, Highfields Capital II LP and
Highfields Capital III L.P. (the "Funds"). The shares disclosed in Section 8.A above are held in the name of Credit Suisse
Securities (USA) LLC and J.P. Morgan Clearing Corp. and the instruments disclosed in Section 8.C above are held in the name
of the Funds. 
 
 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:    Total votes used for the purposes of the above notification 703,556,669  
 14. Contact name:              Joseph F. MazzellaGeneral Counsel                                        
 15. Contact telephone number:  +1 (617) 850 - 7500                                                      
 
 
This information is provided by RNS
The company news service from the London Stock Exchange