Holding(s) in Company

RNS Number : 9101B

The Vitec Group PLC

25 February 2011

 





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.

25 February 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 Aviva plc & its subsidiaries has a notifiable interest in 5,632,869 ordinary shares of 20p each in Vitec, being 13.05% 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 2009 revenue of £315 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 SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

The Vitec Group 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:	Aviva plc & its subsidiaries
4. Full name of shareholder(s) (if different from 3.):	Registered Holder: BNY Norwich Union Nominees Limited                       66,619* Chase (GA Group) Nominees Limited                     310,086* Chase Nominees Limited                      14,906* Kas Bank NV          818,627* Vidacos  Nominees Limited                      1,754*        *denotes direct interest Banque de Luxembourg SA    1,204,776 Chase Nominees Limited                       17,378 Kas Bank NV                          3,136,774 Vidacos  Nominees Limited                       61,949
5. Date of the transaction and date on which the threshold is crossed or reached:	24 February 2011
6. Date on which issuer notified:	25 February 2011
7. Threshold(s) that is/are crossed or reached:	12% to 13% Change at Combined Interest Level

8. Notified details:
A: Voting rights attached to shares
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
			Direct	Direct	Indirect	Direct	Indirect
Ordinary Shares	5,358,880	5,358,880	5,632,869	1,211,992	4,420,877	2.81%	10.24%
GB0009296665

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period	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
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date	Exercise/ Conversion period	Number of voting rights instrument refers to	% of voting rights
					Nominal	Delta

Total (A+B+C)
Number of voting rights	Percentage of voting rights
5,632,869	13.05%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

The voting rights are managed and controlled by Aviva Investors Global Services Limited and Delta Lloyd Asset Management NV, with the following chain of controlled undertakings:- Aviva Investors Global Services Limited: - Aviva plc (Parent Company) - Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc) - Aviva Investors Holdings Limited (wholly owned subsidiary of Aviva Group Holdings Limited) - Aviva Investors Global Services Limited (wholly owned subsidiary of Aviva Investors Holdings Limited) Delta Lloyd Asset Management NV: - Aviva plc (Parent Company) - Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc) - Aviva International Insurance Limited (wholly owned subsidiary of Aviva Group Holdings Limited) - Aviva Insurance Limited (wholly owned subsidiary of Aviva International Insurance Limited) - Aviva International Holdings Limited (wholly owned subsidiary of Aviva Insurance Limited) - CGU International Holdings BV (wholly owned subsidiary of Aviva International Holdings Limited) - Delta Lloyd NV (majority owned subsidiary of CGU International Holdings 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 cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:	Figures are based on a total number of voting rights of 43,157,155, as per the Company's Total Voting Rights Announcement of 01/02/2011.
14. Contact name:	Diane Thirkettle, Aviva plc
15. Contact telephone number:	01603 687803

 

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