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Holding(s) in Company

11th Mar 2011 10:02

RNS Number : 7878C
Electrocomponents PLC
11 March 2011
 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

 

ELECTROCOMPONENTS 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 thenotification obligation: iii

OppenheimerFunds, Inc. ("OFI")

Baring Asset Management Limited ("BAM")

 

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

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

March 8, 2011

6. Date on which issuer notified:

 

March 10, 2011

 

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

 

4% (OFI independently increased above the 4% threshold to 4.0046%; aggregate position remains above 4% at 4.0511% [OFI: 4.0046% and BAM: 0.0465%)

 

 

8. Notified details:

Ms. Liz Batman, [email protected]

Company Secretary: Ian Haslegrave

Electrocomponents plcInternational Management Centre8050 Oxford Business Park NorthOxford OX4 2HWTel: +44 1865 204000Fax: +44 1865 207400

 

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

GB0003096442

 

 

 

17,270,133 (OFI)

 

202,606 (BAM)

 

17,472,739 (Total)

17,270,133 (OFI)

 

202,606 (BAM)

 

17,472,739 (Total)

17,447,020 (OFI)

 

202,606 (BAM)

 

17,649,626 (Total)

17,447,020 (OFI)

 

202,606 (BAM)

 

17,649,626 (Total)

 

4.0046% (OFI)

 

0.0465% (BAM)

 

4.0511% (Total)

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

17,447,020 (OFI)

 

202,606 (BAM)

 

17,649,626 (Total)

4.0046% (OFI)

 

0.0465% (BAM)

 

4.0511% (Total)

 

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

 

Massachusetts Mutual Life Insurance Company is the ultimate parent company of OppenheimerFunds, Inc. ("OFI") and Baring Asset Management Limited ("BAM"). Baring Fund Managers Limited is a wholly owned subsidiary of BAM.

 

With respect to the 202,600 shares of Electrocomponents PLC referenced in item 8.A, BAM controls the voting rights for 161,730 shares or 0.0371% and its subsidiary Baring Fund Managers Limited controls the voting rights for 40,876 shares or 0.009%.

 

OppenheimerFunds, Inc. controls the voting rights for 17,447,020 shares or 4.0046%.

 

The percentage of holdings noted above is based on total outstanding shares of 435,671,126.

 

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

Ian Haslegrave

15. Contact telephone number:

01865 207491

16. Date:

11 March 2011

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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