Holding(s) in Company

RNS Number : 1314S

The Vitec Group PLC

15 November 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.

15 November 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 Delta Lloyd NV and its Group of Companies has a notifiable interest in 5,949,481 ordinary shares of 20p each in Vitec, being 13.76% 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 2010 revenue of £310 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 SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			The Vitec Group plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				Yes
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		Delta Lloyd NV and its Group of Companies
4. Full name of shareholder(s)  (if different from 3.):iv		Registered Holder: Delta Lloyd Levensverzekering N.V. 1,843,074* * Denotes direct interest Delta Lloyd L European Participation Fund Sicav 1,290,831 Delta Lloyd Europees Deelnemingen Fonds N.V. 2,815,576
5. Date of the transaction and date on which the threshold is crossed or reached: v		14 November 2011
6. Date on which issuer notified:		15 November 2011
7. Threshold(s) that is/are crossed or reached: vi, vii		3% to 4% change at direct interest level 10% to 9% change at combined indirect interest level

8. Notified details:

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

Indirect

Direct

Indirect

GB0009296665

5,668,105

5,668,105

5,949,481

1,843,074

4,106,407

4.26%

9.50%

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

5,949,481

13.76%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The voting rights held in the 2 investment funds are managed and controlled by Delta Lloyd Asset Management N.V., with the following chain of controlled undertakings: Delta Lloyd Asset Management N.V.: ·     Delta Lloyd N.V. ·     DLAM Holding B.V. ·     Delta Lloyd Asset Management N.V. (wholly owned subsidiary of Delta Lloyd NV.) Delta Lloyd Levensverzekering N.V.'s chain of control is as follows: ·     Delta Lloyd N.V. ·     Delta Lloyd Houdstermaatschappij Verzekeringen N.V. ·     Delta Lloyd Levensverzekering N.V. (wholly owned subsidiary of Delta Lloyd N.V.)
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 43,241,076 as per the Company's Total Voting Rights announcement of 1 November 2011
14. Contact name:	Stephanie Pirlot, Delta Lloyd Asset Management
15. Contact telephone number:	[phone]

 

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