3rd Nov 2010 13:24
TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Electrocomponents plc
2. Reason for the notification (please place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: ( )
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify): ( X ) Please refer to question 13.
……………..
3. Full name of person(s) subject to the notification obligation:
Silchester Partners Limited (previously known as Silchester International Investors Limited)
4. Full name of shareholder(s) (if different from 3):
Silchester International Investors International Value Equity Taxable Trust
Silchester International Investors International Value Equity Trust
Silchester International Investors International Value Equity Group Trust
Silchester International Investors Tobacco Free International Value Equity Trust
The Calleva Trust
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
1st November 2010
6. Date on which issuer notified:
3rd November 2010
7. Threshold(s) that is/are crossed or reached:
Falling from over 19% to below 3%……………..
8. Notified details:
N/A
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | |
| Number of shares | Number of voting Rights |
GB0003096442 |
82,755,730 |
82,755,730 |
Resulting situation after the triggering transaction
Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights | % of voting rights | ||
| Direct | Direct | Indirect | Direct | Indirect |
GB0003096442 |
0 |
0 |
|
0% |
|
B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument | Expiration Date | Exercise/Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
N/A | N/A | N/A | N/A | N/A |
Total (A+B)
Number of voting rights | % of voting rights |
0 |
0% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
N/A
Proxy Voting:
10. Name of the proxy holder:
Silchester Partners Limited (previously known as Silchester International Investors Limited)
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
On 1st November 2010, Silchester International Investors Limited ("Silchester Limited") transferred its regulated business to Silchester International Investors LLP ("Silchester LLP"). On the same day, Silchester Limited changed its name to Silchester Partners Limited. All employees of Silchester Limited, including all portfolio managers, investment analysts and members of its administration and operations teams, became partners or employees of Silchester LLP. As of 1st November 2010, Silchester Limited does not exercise any control over the company's shares. Please refer to the regulatory disclosure submitted by Silchester LLP for further information. This notification was therefore triggered by the change in the legal structure of the investment management firm on 1st November 2010 rather than trading activity in the underlying shares.
14. Contact name:
Ian Haslegrave
15. Contact telephone number:
01865 207491
16. Date:
3 November 2010
Related Shares:
ECM.L