Holding(s) in Company

RNS Number : 7878C

Electrocomponents PLC

11 March 2011

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES i
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				ELECTROCOMPONENTS 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 the notification obligation: iii		OppenheimerFunds, Inc. ("OFI") Baring Asset Management Limited ("BAM")
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		March 8, 2011
6. Date on which issuer notified:		March 10, 2011
7. Threshold(s) that is/are crossed or reached: vi, vii		4% (OFI independently increased above the 4% threshold to 4.0046%; aggregate position remains above 4% at 4.0511% [OFI: 4.0046% and BAM: 0.0465%)

8. Notified details:  Ms. Liz Batman, [e-mail] Company Secretary: Ian Haslegrave Electrocomponents plc International Management Centre 8050 Oxford Business Park North Oxford OX4 2HW Tel: [phone] Fax: [phone]

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB0003096442

17,270,133 (OFI) 202,606 (BAM) 17,472,739 (Total)

17,270,133 (OFI) 202,606 (BAM) 17,472,739 (Total)

17,447,020 (OFI) 202,606 (BAM) 17,649,626 (Total)

17,447,020 (OFI) 202,606 (BAM) 17,649,626 (Total)

4.0046% (OFI) 0.0465% (BAM) 4.0511% (Total)

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

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

17,447,020 (OFI) 202,606 (BAM) 17,649,626 (Total)

4.0046% (OFI) 0.0465% (BAM) 4.0511% (Total)

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Massachusetts Mutual Life Insurance Company is the ultimate parent company of OppenheimerFunds, Inc. ("OFI") and Baring Asset Management Limited ("BAM"). Baring Fund Managers Limited is a wholly owned subsidiary of BAM. With respect to the 202,600 shares of Electrocomponents PLC referenced in item 8.A, BAM controls the voting rights for 161,730 shares or 0.0371% and its subsidiary Baring Fund Managers Limited controls the voting rights for 40,876 shares or 0.009%. OppenheimerFunds, Inc. controls the voting rights for 17,447,020 shares or 4.0046%. The percentage of holdings noted above is based on total outstanding shares of 435,671,126.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:	Ian Haslegrave
15. Contact telephone number:	01865 207491
16. Date:	11 March 2011

 

END

 

 

HOLGGUUUWUPGGUG