Holding(s) in Company

RNS Number : 2703B

Electrocomponents PLC

15 February 2011

 



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: ( X )

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): () Please refer to question 13.

……………..

3. Full name of person(s) subject to the notification obligation:

Silchester International Investors LLP

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):

     11^th February 2011

6. Date on which issuer notified:

14^th February 2011

7. Threshold(s) that is/are crossed or reached:

18%

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	82,723,350	82,723,350

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	77,918,071	77,918,071		17.89%

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
77,918,071	17.89%

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 International Investors LLP

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:

Silchester International Investors LLP ("Silchester") acts as investment manager for the clients detailed in Question 4 above (our "Clients").  In acting for  Clients, Silchester are given full discretion over their investments and are empowered to vote on their behalf.  However, do not act as Clients' custodian and therefore shares are not held in its name but in the name of each Client's custodian bank. 

The decrease 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 'Situation previous to the Triggering transaction' above), represent the shares held by Silchester's clients as of the date of its last Notice of Substantial Shareholder's Interest and not as of the last trading day before which this disclosure level was triggered.

14. Contact name:

Ian Haslegrave

15. Contact telephone number:

01865 207491

16. Date:

            15 February 2011

 

END

 

 

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