Electrocomponents PLC Holding(s) in Company (7736V)
02 February 2017 - 1:15AM
UK Regulatory
TIDMECM
RNS Number : 7736V
Electrocomponents PLC
01 February 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or Electrocomponents plc
the underlying issuer
of existing shares to which
voting rights are
attached: (ii)
----------------------------------------------------------- -------------------------------------
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) Silchester International Investors
subject to the LLP
notification obligation:
(iii)
----------------------------------------------------------- -------------------------------------
4. Full name of shareholder(s) Silchester International Investors
(if different from 3.):(iv) 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 31(st) January 2017
and date on
which the threshold is
crossed or
reached: (v)
----------------------------------------------------------- -------------------------------------
6. Date on which issuer 1(st) February 2017
notified:
----------------------------------------------------------- -------------------------------------
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 Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- ----------------------------------- ------------------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
------------- ---------------- ----------------- -------------- ----------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ------------ ------------- -------------- --------- ------------ ------------ -----------
GB0003096442 74,833,892 74,833,892 70,410,061 15.95%
---------------- ----------------- -------------- --------- ------------ ------------ -----------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument (xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
----------------- -------------- --------------------------------- ------------------------- ---------------------
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 Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
--------------- -------------- --------------- ---------------- ------------------------- -----------------------
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 N/A
holder will cease to hold:
------------------------------------- ---------------------------------
12. Date on which proxy holder will N/A
cease to hold voting rights:
------------------------------------- ---------------------------------
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
END
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