The Vitec Group PLC Holding(s) in Company (0831N)
20 October 2016 - 10:09PM
UK Regulatory
TIDMVTC
RNS Number : 0831N
The Vitec Group PLC
20 October 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.
20 October 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 Aberforth Partners LLP has a
notifiable interest in 5,426,833 ordinary shares of 20p each in
Vitec, being 12.15% 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 GBP317.8
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 SHARES(i)
--------------------------------------------------
1. Identity of the issuer or The Vitec Group 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) Aberforth Partners LLP
subject to the
notification obligation:
(iii)
--------------------------------------------------- --------------------------------------------------------------------
4. Full name of shareholder(s) Shareholder: Shares
(if different from 3.):(iv) ----------------------- ----------
1. Aberforth Smaller
Companies Trust
plc 3,457,891
----------------------- ----------
2. Aberforth UK
Small Companies
Fund 564,216
----------------------- ----------
3. Aberforth Geared
Income Trust plc 1,111,400
----------------------- ----------
4. The National
Trust for Places
of Historic Interest
of Natural Beauty 293,326
----------------------- ----------
Shares are registered in
the name of Nortrust Nominees
Ltd
--------------------------------------------------- --------------------------------------------------------------------
5. Date of the transaction 19 October 2016
and date on
which the threshold is
crossed or
reached: (v)
--------------------------------------------------- --------------------------------------------------------------------
6. Date on which issuer 20 October 2016
notified:
--------------------------------------------------- --------------------------------------------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 12%
--------------------------------------------------- --------------------------------------------------------------------
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)
------------- ----------- ----------- ----------------- ---------- ---------- ------------ ---------------
Ordinary
shares 4,998,807 4,998,807 5,426,833 N/A 5,426,833 N/A 12.15
----------------- --------------- ----------------- ---------- ---------- ------------ ---------------
GB0009296665
------------- ----------- ----------- ----------- ---------- ---------- ---------- ---------
B: Qualifying Financial Instruments
---------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that rights
(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
----------------------------------------------------- --------------------------------------------------------------------
5,426,833 12.15
----------------------------------------------------- --------------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
-----------------------------------------------------------------------------------
Held by Aberforth Partners LLP
Proxy Voting:
-----------------------------------------------------------------------------------
10. Name of the proxy holder: N/A
------------------------------------------------------- --------------------------
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:
------------------------------------------------------- --------------------------
14. Contact name: Pauline Robson, Aberforth
Partners LLP
------------------------------------------------------- --------------------------
15. Contact telephone number: 0131 220 0733
------------------------------------------------------- --------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
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