TR-1: Standard form for notification of major
holdings
1. Issuer Details
ISIN
KYG012921535
Issuer Name
AFRICA OPPORTUNITY FUND LIMITED
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
An acquisition or disposal of voting
rights
3. Details of person subject to the
notification obligation
Name
First Equity Limited
City of registered office (if
applicable)
London
Country of registered office (if
applicable)
United Kingdom
|
Name
|
City
of registered office |
Country
of registered office |
|
Estate of William Black |
||
|
Armstrong Investments Limited |
Douglas |
Isle of Man |
4. Details of the shareholder
|
Name
|
City
of registered office |
Country
of registered office |
|
Nortrust Nominees Limited |
London |
United Kingdom |
5. Date on which the threshold was
crossed or reached
14-Jul-2025
6. Date on which Issuer notified
16-Jul-2025
7. Total positions of person(s) subject
to the notification obligation
|
. |
%
of voting rights attached to shares (total of 8.A) |
%
of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total
of both in % (8.A + 8.B) |
Total
number of voting rights held in issuer |
|
Resulting situation on the date on
which threshold was crossed or reached |
10.550248 |
0.000000 |
10.550248 |
1210036 |
|
Position of previous notification
(if applicable) |
8. Notified details of the resulting
situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
|
Class/Type
of shares ISIN code(if possible) |
Number
of direct voting rights (DTR5.1) |
Number
of indirect voting rights (DTR5.2.1) |
%
of direct voting rights (DTR5.1) |
%
of indirect voting rights (DTR5.2.1) |
|
KYG012921535 |
1210036 |
0 |
10.550248 |
0.000000 |
|
Sub
Total 8.A |
1210036
|
10.550248%
|
||
8B1. Financial Instruments according to
(DTR5.3.1R.(1) (a))
|
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 |
|
Sub
Total 8.B1 |
||||
8B2. Financial Instruments with
similar economic effect according to (DTR5.3.1R.(1) (b))
|
Type
of financial instrument |
Expiration
date |
Exercise/conversion
period |
Physical
or cash settlement |
Number
of voting rights |
%
of voting rights |
|
Sub
Total 8.B2 |
|||||
9. Information in relation to the
person subject to the notification obligation
2. Full chain of controlled
undertakings through which the voting rights and/or the financial instruments
are effectively held starting with the ultimate controlling natural person or
legal entities (please add additional rows as necessary)
|
Ultimate
controlling person |
Name
of controlled undertaking |
%
of voting rights if it equals or is higher than the notifiable threshold |
%
of voting rights through financial instruments if it equals or is higher than
the notifiable threshold |
Total
of both if it equals or is higher than the notifiable threshold |
|
Estate of William Black |
First Equity Limited as Investment
Manager of Armstrong Inv Limited |
10.550248 |
10.550248% |
|
|
Estate of William Black |
Armstrong Investments Limited |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights
held
The date until which the voting
rights will be held
11. Additional Information
12. Date of Completion
16-Jul-2025
13. Place Of Completion
London