18th Jul 2011 10:31
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.
18 July 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 notice in accordance with the Disclosure and Transparency Rules that Delta Lloyd NV and its Group of Companies has a notifiable interest in 5,668,105 ordinary shares of 20p each in Vitec, being 13.13% 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.
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 | Yes | |||
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 | Delta Lloyd NV and its Group of Companies | |||
4. Full name of shareholder(s) (if different from 3.):iv | Registered Holder:
Kas Bank NV 997,615* * Denotes direct interest Banque de Luxembourg SA 1,632,697 Kas Bank NV 3,037,793 | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 5 July 2011 | |||
6. Date on which issuer notified: | 5 July 2011 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | 12%, 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 | Indirect | Direct | Indirect | ||||||||||||
GB0009296665 | 5,203,744 | 5,203,744 | 5,668,105 | 997,615 | 4,670,490 | 2.31% | 10.82% | |||||||||
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 | |||||||||||||||
5,668,105 | 13.13% | |||||||||||||||
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 ·; DLAM Holding BV ·; 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 43,177,936 as per the Company's Total Voting Rights announcement of 1 July 2011 | |
14. Contact name: | Stephanie Pirlot, Delta Lloyd Asset Management | |
15. Contact telephone number: | +31 (0) 20 594 3827 | |
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