Holding(s) in Company

RNS Number : 3105W

The Vitec Group PLC

27 January 2012

 



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.

27 January 2012

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 SFM UK Management LLP has a notifiable interest in 1,329,300 ordinary shares of 20p each in Vitec via contracts for difference, being 3.07% 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
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				Yes
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		SFM UK Management LLP
4. Full name of shareholder(s)  (if different from 3.):iv		Quantum Partners LP
5. Date of the transaction and date on which the threshold is crossed or reached: v		26 January 2012
6. Date on which issuer notified:		27 January 2012
7. Threshold(s) that is/are crossed or reached: vi, vii		3%

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

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

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

N/A

N/A

N/A

N/A

N/A

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

Contract for Difference

N/A

N/A

N/A

1,329,300

Nominal

Delta

3.07%

3.07%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

1,329,300

3.07%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
This statement relates to a Contract for Difference ("CFD") held for the account of Quantum Partners LP, a Cayman Islands exempted limited partnership ("Quantum Partners"). SFM UK Management LLP, a subadvisor to Soros Fund Management LLC, serves as investment manager to Quantum Partners and has been granted investment discretion over portfolio investments, including the CFD, held for the account of Quantum Partners.
Proxy Voting:
10. Name of the proxy holder:		N/A
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:	N/A
14. Contact name:	Jade Cornell, Compliance Officer, SFM UK Management LLP
15. Contact telephone number:	020 7758 4826

 

END

 

 

HOLBRMBTMBTTBFT