Holding(s) in Company

RNS Number : 2915S

The Vitec Group PLC

19 December 2016

 

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. 19 December 2016 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 the Prudential plc group of companies has a notifiable interest in 3,112,201 ordinary shares of 20p each in Vitec, being 6.95% of the issued ordinary share capital of Vitec. Jon Bolton Group Company Secretary A Snapshot of The Vitec Group Vitec is a global provider of premium branded products and services to the Broadcast and Photographic markets. Vitec is listed on the London Stock Exchange with 2015 revenue of £317.8 million. The Group is organised in two Divisions: The Broadcast Division designs, manufactures and distributes premium branded products for broadcasting, film and video production for broadcasters and independent content creators. It also provides premium services including equipment rental and technical solutions to TV production teams and film crews. The Photographic Division designs, manufactures and distributes premium branded equipment for photographic and video cameras and provides dedicated solutions to professional and non-professional image takers. 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		Prudential plc group of companies
4. Full name of shareholder(s)  (if different from 3.):iv		Prudential plc M&G Group Limited M&G Limited M&G Investment Management Limited M&G Securities Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v		16 December 2016
6. Date on which issuer notified:		19 December 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		See item 13

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

ORD GBP0.20 GB0009296665

3,270,290

3,270,290

3,070,290

3,070,290

0

6.86%

0

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

ORD GBP0.20 GB0009296665 (Right of Recall)

41,911

0.09%

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

3,112,201

6.95%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Prudential plc (parent Company) - 3,112,201 (6.95%) M&G Group Limited (wholly owned subsidiary of Prudential plc) - 3,112,201 (6.95%) M&G Limited (wholly owned subsidiary of M&G Group Limited) - 3,112,201 (6.95%) M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) - 3,112,201 (6.95%)
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:	M&G Securities Limited (wholly owned subsidiary of M&G Limited) has moved below a 5% notifiable interest triggering this notification.
14. Contact name:	Owen Smith / James Todd M&G Investment Management Limited
15. Contact telephone number:	020 7004 4517 / 020 7548 2293

 

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