Holding(s) in Company

RNS Number : 6041D

The Vitec Group PLC

24 March 2011

 



The Holding(s) in Company announcement released on 24^th of March 2011 at 17:33 under RNS No 6033D has been amended.

 

The full amended text is shown below.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

24 March 2011

The Vitec Group plc

NOTIFICATION OF MAJOR INTERESTS IN SHARES

In conformity with the Transparency Directive The Vitec Group plc (Vitec) is required to announce to the market the receipt of notifications of major interests in shares.

Vitec received the attached notice in accordance with the Disclosure and Transparency Rules that Aviva plc & its subsidiaries has a notifiable interest in 6,043,080 ordinary shares of 20p each in Vitec, being 14% of the issued ordinary share capital of Vitec.

Jon Bolton

Company Secretary

A Snapshot of The Vitec Group

Vitec is an international Group principally serving customers in the broadcast, photographic and military, aerospace and government (MAG) markets. Listed on the London Stock Exchange with 2010 revenue of £310 million, Vitec is based on strong, well known, premium brands on which its customers worldwide rely.  Vitec is organised in three divisions:  Imaging & Staging, Videocom and Services.

Imaging & Staging designs, manufactures and distributes equipment and accessories for photography, video and events.

Videocom designs and distributes systems and products used in broadcasting and live entertainment, film and video production and MAG.

Services provides equipment rental, workflow design and technical support for camera, video, audio, fibre optic and wireless technology used by TV production teams and film crews.

More information can be found at: www.vitecgroup.com.

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				The Vitec 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
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Aviva plc & its subsidiaries
4. Full name of shareholder(s)  (if different from 3.):iv		Registered Holder: BNY (Nominees) Limited                                     6,343* BNY Norwich Union Nominees Limited       114,331* Chase (GA Group) Nominees Limited           567,517* Chase Nominees Limited                                  28,504* Kas Bank NV                                                  828,739* Vidacos Nominees Limited                                1,754* *denotes direct interest Banque de Luxembourg SA                           1,212,640 Chase Nominees Limited                                      17,378 Kas Bank NV                                                 3,149,132 Vidacos Nominees Limited                               116,742
5. Date of the transaction and date on which the threshold is crossed or reached: v		23 March 2011
6. Date on which issuer notified:		24 March 2011
7. Threshold(s) that is/are crossed or reached: vi, vii		13% to 14% Change at Combined Interest Level

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
Ordinary Shares GB0009296665	5,749,845		5,749,845		6,043,080	1,547,188		4,495,892	3.58%		10.42%
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

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
6,043,080	14.00%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The voting rights are managed and controlled by Aviva Investors Global Services Limited and Delta Lloyd Asset Management NV, with the following chain of controlled undertakings:- Aviva Investors Global Services Limited: ·      Aviva plc (Parent Company) ·      Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc) ·      Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group Holdings Limited) ·      Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva Investors Holdings Limited) Delta Lloyd Asset Management NV: ·      Aviva plc (Parent Company) ·      Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc) ·      Aviva International Insurance Limited (wholly owned subsidiary of Aviva Group Holdings Limited) ·      Aviva Insurance Limited (wholly owned subsidiary of Aviva International Insurance Limited) ·      Aviva International Holdings Limited (wholly owned subsidiary of Aviva Insurance Limited) ·      CGU International Holdings BV (wholly owned subsidiary of Aviva International Holdings Limited) ·      Delta Lloyd NV (majority owned subsidiary of CGU International Holdings BV) ·      Delta Lloyd Asset Management NV (wholly owned subsidiary of Delta Lloyd NV)
Proxy Voting:
10. Name of the proxy holder:		See Section 4
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:	Figures are based on a total number of voting rights of  43,157,175 as per the Company's Total Voting Rights Announcement of 01 March 2011.
14. Contact name:	Neil Whittaker, Aviva plc
15. Contact telephone number:	01603 684420

 

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