22nd May 2017 11:15
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 | Electrocomponents plc LEI: 549300KVXDURRKVW7R37
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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 | Silchester International Investors LLP | ||||
4. Full name of shareholder(s) (if different from 3.):iv | 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 onwhich the threshold is crossed orreached: v | 19th May 2017 | ||||
6. Date on which issuer notified: | 22nd May 2017 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | Below 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 | ||||||||||||
GB0003096442 | 61,753,129 | 61,753,129 | 57,367,320 | 12.99% | ||||||||||||
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 | ||||||||||||
N/A | N/A | N/A | N/A | N/A | ||||||||||||
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
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N/A | N/A | N/A | N/A | N/A
| Nominal | Delta | ||||||||||
N/A | N/A | |||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
57,367,320 | 12.99% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
N/A | ||
Proxy Voting: | ||
10. Name of the proxy holder: | Silchester International Investors LLP | |
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: | Silchester International Investors LLP ("Silchester") acts as investment manager for the clients detailed in Question 4 above (our "Clients"). In acting for our Clients, Silchester are given full discretion over their investments and are empowered to vote on their behalf. However, we do not act as our Clients' custodian and therefore shares are not held in our name but in the name of each Client's custodian bank.
The change in Silchester's holdings was due to a series of transactions over a series of different trading days. Details of the number of shares held before the change (shown in Section A) represent the shares held by Silchester's clients as of the date of our last Notice of Substantial Shareholder's Interest (a notification of crossing below 14% of Electrocomponent's voting rights) and not as of the last trading day before which this disclosure was triggered.
Notification is provided based on a total voting rights figure of 441,355,252. | |
14. Contact name: | Timothy J. Linehan, Senior Partner | |
15. Contact telephone number: | 0207 518 7125 | |
Note: Annex should only be submitted to the FCA not the issuer | |
Annex: Notification of major interests in share | |
A: Identity of the persons or legal entity subject to the notification obligation | |
Full name (including legal form of legal entities)
| Silchester International Investors LLP |
Contact address (registered office for legal entities)
| Time & Life Building 1 Bruton Street, 5th Floor London W1J 6TL |
Phone number & email
| 0207 518 7125, [email protected] |
Other useful information (at least legal representative for legal persons)
| Attn: Timothy Linehan, Senior Partner |
B: Identity of the notifier, if applicable | |
Full name
| Timothy Linehan, Senior Partner Silchester International Investors LLP |
Contact address
| Time & Life Building 1 Bruton Street, 5th Floor London W1J 6TL |
Phone number & email
| 0207 518 7125, [email protected] |
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) | |
C: Additional information | |
For notes on how to complete form TR-1 please see the FCA website. |
Related Shares:
ECM.L