Holding(s) in Company

RNS Number : 0323W
The Vitec Group PLC
21 January 2013
 

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.

 

 

 

21 January 2013

 

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 Delta Lloyd NV and its Group of Companies has a notifiable interest in 5,869,066 ordinary shares of 20p each in Vitec, being 13.43% 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 2011 revenue of £351.0 million, Vitec is based on strong, well known, premium brands on which its customers worldwide rely. Vitec is organised in three Divisions: Videocom, Imaging and Services.

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

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

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

Yes

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

Delta Lloyd N.V. and its Group of Companies

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

Registered Holder:

 

Delta Lloyd Levensverzekering N.V.

1,800,000*

* Denotes direct interest

Delta Lloyd L European Participation Fund Sicav

1,674,582

Delta Lloyd Europees Deelnemingen Fonds N.V.

2,394,484

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

18 January 2013

6. Date on which issuer notified:

21 January 2013

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

12% to 13% 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

Indirect

Direct

Indirect

GB0009296665

5,582,010

5,582,010

5,869,066

1,800,000

4,069,066

4.12%

9.31%



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

5,869,066

13.43%



 

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

 

The voting rights held in the 2 investment funds are managed and controlled by Delta Lloyd Asset Management N.V., with the following chain of controlled undertakings:

 

Delta Lloyd Asset Management N.V.:

·     Delta Lloyd N.V.

·     DLAM Holding B.V.

·     Delta Lloyd Asset Management N.V. (wholly owned subsidiary of Delta Lloyd NV.)

 

Delta Lloyd Levensverzekering N.V.'s chain of control is as follows:

·     Delta Lloyd N.V.

·     Delta Lloyd Houdstermaatschappij Verzekeringen N.V.

·     Delta Lloyd Levensverzekering N.V. (wholly owned subsidiary of Delta Lloyd N.V.)


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 43,690,968 as per the Company's Total Voting Rights announcement of 1 January  2013

14. Contact name:

E.R Wichards, Delta Lloyd Asset Management 

15. Contact telephone number:

+31 (0) 20 594 3827

 

 


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