Holding(s) in Company

RNS Number : 2166G

The Vitec Group PLC

09 May 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.

9 May 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 notices in accordance with the Disclosure and Transparency Rules advising that, following a reduction in stake of the ownership of Delta Lloyd NV by Aviva plc, Delta Lloyd NV and its group of companies are no longer a controlled undertaking of Aviva plc.  Hence, the notifiable holdings of Aviva plc and its subsidiaries and Delta Lloyd NV and its group of companies are as follows:

Aviva plc and its subsidiaries no longer has a notifiable interest in the issued ordinary share capital of Vitec.

Delta Lloyd NV and its group of companies has a notifiable interest in 5,203,744 ordinary shares of 20p each in Vitec, being 12.05% 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 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.

AVIVA PLC AND ITS SUBSIDIARIES

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
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):	RESTATEMENT OF UNDERLYING OWNERSHIP Following a reduction in stake of the ownership of Delta Lloyd NV by Aviva plc, Delta Lloyd NV and its Group of companies are no longer a controlled undertaking of Aviva plc.			√
3. Full name of person(s) subject to the notification obligation: iii		Aviva plc & its subsidiaries
4. Full name of shareholder(s)  (if different from 3.):iv		Registered Holder: BNY (Nominees) Limited                               13,830* BNY Norwich Union Nominees Limited       129,778* Chase (GA Group) Nominees Limited         639,062* Chase Nominees Limited                              40,610* Vidacos Nominees Limited                            10,961* *denotes direct interest Chase Nominees Limited                               17,378 Vidacos Nominees Limited                           152,083
5. Date of the transaction and date on which the threshold is crossed or reached: v		06 May 2011
6. Date on which issuer notified:		09 May 2011
7. Threshold(s) that is/are crossed or reached: vi, vii		14% to <5% Change at Combined Interest Level and >3% to <3% at Direct 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 xi		Indirect xii	Direct		Indirect
Ordinary Shares GB0009296665	6,043,080		6,043,080		1,003,702	834,241		169,461	1.93%		0.39%
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
1,003,702	2.32%

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

The voting rights are managed and controlled by Aviva Investors Global Services Limited, 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)

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  43,170,614 as per the Company's Total Voting Rights Announcement of 03 May 2011.
14. Contact name:	Neil Whittaker, Aviva plc
15. Contact telephone number:	01603 684420

DELTA LLOYD NV AND ITS GROUP OF COMPANIES

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
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):	RESTATEMENT OF UNDERLYING OWNERSHIP Following a reduction in stake of the ownership of Delta Lloyd NV by Aviva plc, Delta Lloyd NV and its Group of companies are no longer a controlled undertaking of Aviva plc.			√
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: Kas Bank NV                                     833,150* *denotes direct interest Banque de Luxembourg SA            1,516,071 Kas Bank NV                                   2,854,523
5. Date of the transaction and date on which the threshold is crossed or reached: v		06 May 2011
6. Date on which issuer notified:		09 May 2011
7. Threshold(s) that is/are crossed or reached: vi, vii		0% to 12% Change at Combined 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 xi		Indirect xii	Direct		Indirect
Ordinary Shares GB0009296665	0 (Previously disclosed  in the name of Aviva plc -see notification of 24 March 2011)		0 (Previously disclosed  in the name of Aviva plc -see notification of 24 March 2011)		5,203,744	833,150		4,370,594	1.93%		10.12%
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
5,203,744	12.05%

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

The voting rights are managed and controlled by Delta Lloyd Asset Management NV, with the following chain of controlled undertakings:- Delta Lloyd Asset Management NV: ·     Delta Lloyd NV ·     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  43,170,614 as per the Company's Total Voting Rights Announcement of 03 May 2011.
14. Contact name:	Neil Whittaker, Aviva plc
15. Contact telephone number:	01603 684420

 

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