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Holding(s) in Company

19th Dec 2016 17:59

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 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

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

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 onwhich the threshold is crossed orreached: v

16 December 2016

6. Date on which issuer notified:

19 December 2016

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

See item 13

 

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

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 financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

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 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

3,112,201

6.95%

 

9. Chain of controlled undertakings through which the voting rights and/or thefinancial 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 ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting 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

 

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