9th May 2011 13:56
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.
9 May 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 notices in accordance with the Disclosure and Transparency Rules advising that, following a reduction in stake of the ownership of Delta Lloyd NV by Aviva plc, Delta Lloyd NV and its group of companies are no longer a controlled undertaking of Aviva plc. Hence, the notifiable holdings of Aviva plc and its subsidiaries and Delta Lloyd NV and its group of companies are as follows:
Aviva plc and its subsidiaries no longer has a notifiable interest in the issued ordinary share capital of Vitec.
Delta Lloyd NV and its group of companies has a notifiable interest in 5,203,744 ordinary shares of 20p each in Vitec, being 12.05% 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.
AVIVA PLC AND ITS SUBSIDIARIES
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | The Vitec Group plc | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | ||||
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): |
RESTATEMENT OF UNDERLYING OWNERSHIP
Following a reduction in stake of the ownership of Delta Lloyd NV by Aviva plc, Delta Lloyd NV and its Group of companies are no longer a controlled undertaking of Aviva plc.
| √ | ||
3. Full name of person(s) subject to thenotification obligation: iii | Aviva plc & its subsidiaries | |||
4. Full name of shareholder(s) (if different from 3.):iv | Registered Holder:
BNY (Nominees) Limited 13,830*
BNY Norwich Union Nominees Limited 129,778*
Chase (GA Group) Nominees Limited 639,062*
Chase Nominees Limited 40,610*
Vidacos Nominees Limited 10,961* *denotes direct interest
Chase Nominees Limited 17,378 Vidacos Nominees Limited 152,083
| |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 06 May 2011 | |||
6. Date on which issuer notified: | 09 May 2011 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | 14% to >3% to | |||
8. Notified details: | |||||||||||
A: Voting rights attached to shares viii, ix | |||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||
Ordinary SharesGB0009296665 | 6,043,080 | 6,043,080 | 1,003,702 | 834,241 | 169,461 | 1.93% | 0.39% | ||||
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B: Qualifying Financial Instruments | |||||||||||
Resulting situation after the triggering transaction | |||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||
Resulting situation after the triggering transaction | ||||||
Type of financialinstrument | 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 |
1,003,702 | 2.32% |
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi |
The voting rights are managed and controlled by Aviva Investors Global Services Limited, 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)
|
Proxy Voting: | ||
10. Name of the proxy holder: | See Section 4 | |
11. Number of voting rights proxy holder will ceaseto hold: | ||
12. Date on which proxy holder will cease to holdvoting rights: | ||
13. Additional information: | Figures are based on a total number of voting rights of 43,170,614 as per the Company's Total Voting Rights Announcement of 03 May 2011.
| |
14. Contact name: | Neil Whittaker, Aviva plc | |
15. Contact telephone number: | 01603 684420 | |
DELTA LLOYD NV AND ITS GROUP OF COMPANIES
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | The Vitec Group plc | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | ||||
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): |
RESTATEMENT OF UNDERLYING OWNERSHIP
Following a reduction in stake of the ownership of Delta Lloyd NV by Aviva plc, Delta Lloyd NV and its Group of companies are no longer a controlled undertaking of Aviva plc.
| √ | ||
3. Full name of person(s) subject to thenotification obligation: iii | Delta Lloyd NV and its Group of Companies | |||
4. Full name of shareholder(s) (if different from 3.):iv | Registered Holder:
Kas Bank NV 833,150* *denotes direct interest
Banque de Luxembourg SA 1,516,071
Kas Bank NV 2,854,523 | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 06 May 2011 | |||
6. Date on which issuer notified: | 09 May 2011 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | 0% to 12% Change at Combined Interest Level | |||
8. Notified details: | |||||||||||
A: Voting rights attached to shares viii, ix | |||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||
Ordinary SharesGB0009296665 | 0 (Previously disclosed in the name of Aviva plc -see notification of 24 March 2011) | 0 (Previously disclosed in the name of Aviva plc -see notification of 24 March 2011) | 5,203,744 | 833,150 | 4,370,594 | 1.93% | 10.12% | ||||
| |||||||||||
B: Qualifying Financial Instruments | |||||||||||
Resulting situation after the triggering transaction | |||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||
Resulting situation after the triggering transaction | ||||||
Type of financialinstrument | 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 |
5,203,744 | 12.05% |
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi |
The voting rights are managed and controlled by Delta Lloyd Asset Management NV, with the following chain of controlled undertakings:-
Delta Lloyd Asset Management NV: ·; Delta Lloyd NV ·; 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 ceaseto hold: | ||
12. Date on which proxy holder will cease to holdvoting rights: | ||
13. Additional information: | Figures are based on a total number of voting rights of 43,170,614 as per the Company's Total Voting Rights Announcement of 03 May 2011.
| |
14. Contact name: | Neil Whittaker, Aviva plc | |
15. Contact telephone number: | 01603 684420 | |
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