Holding(s) in Company

RNS Number : 7736V
Electrocomponents PLC
01 February 2017
 

 

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

Electrocomponents 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:
iii

Silchester International Investors LLP

4. Full name of shareholder(s)
 (if different from 3.):iv

Silchester International Investors International Value Equity Taxable Trust

 

Silchester International Investors International Value Equity Trust

 

Silchester International Investors International Value Equity Group Trust

 

Silchester International Investors Tobacco Free International Value Equity Trust

 

The Calleva Trust

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

31st January 2017

6. Date on which issuer notified:

1st February 2017

7. Threshold(s) that is/are crossed or
reached:
vi, vii

16%



 

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

GB0003096442

74,833,892

74,833,892



70,410,061


15.95%



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

N/A

N/A

N/A

N/A

N/A


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

 

N/A

N/A

N/A

N/A

N/A

 

Nominal

Delta

N/A

N/A


Total (A+B+C)

Number of voting rights

Percentage of voting rights

70,410,061

15.95%



 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

 

N/A


Proxy Voting:

10. Name of the proxy holder:

Silchester International Investors LLP

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:


Silchester International Investors LLP ("Silchester") acts as investment manager for the clients detailed in Question 4 above (our "Clients").  In acting for our Clients, Silchester are given full discretion over their investments and are empowered to vote on their behalf.  However, we do not act as our Clients' custodian and therefore shares are not held in our name but in the name of each Client's custodian bank. 

 

The change in Silchester's holdings was due to a series of transactions over a series of different trading days.  Details of the number of shares held before the change (shown in Section A) represent the shares held by Silchester's clients as of the date of our last Notice of Substantial Shareholder's Interest (a notification of crossing below 17% of Electrocomponent's voting rights) and not as of the last trading day before which this disclosure was triggered.

 

Notification is provided based on a total voting rights figure of 441,335,228.

14. Contact name:

Timothy J. Linehan, Chief Compliance Officer

15. Contact telephone number:

0207 518 7125

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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