Holding(s) in Company

RNS Number : 0814C

The Vitec Group PLC

10 April 2017

 

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.

10 April 2017

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 no longer has a notifiable interest in ordinary shares of 20p each in Vitec, following a recommended cash offer for Delta Lloyd N.V. by NN Group N.V. which was declared unconditional on 7 April 2017.

Jon Bolton

Group Company Secretary

A Snapshot of The Vitec Group 

Vitec is a leading global provider of premium branded products and services to the fast changing and growing "image capture and sharing" market.

Vitec's customers include broadcasters, independent content creators, photographers and enterprises, and our activities comprise: design, manufacture and distribution of high performance products and software including camera supports, wireless systems, robotic camera systems, prompters, LED lights, mobile power, monitors and bags; and premium services including technical solutions, systems integration and equipment rental for TV production teams, film crews and enterprises.

We employ around 1,700 people across the world in ten different countries and are organised in two Divisions: Broadcast and Photographic.

The Vitec Group plc is listed on the London Stock Exchange with 2016 revenue of £376.2 million.

More information can be found at: www.vitecgroup.com.

LEI number: 2138007H5DQ4X8YOCF14

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
An event changing the breakdown of voting rights
Other (please specify):	Change of ultimate controlling parent. Declaration of the offer of NN Group N.V.  on Delta Lloyd N.V.  unconditional as of April 7, 2017 (please see #13 additional information)				X
3. Full name of person(s) subject to the notification obligation: iii		Delta Lloyd N.V. and its Group of Companies
4. Full name of shareholder(s)  (if different from 3.):iv		Registered Holder: Delta Lloyd Europees Deelnemingen Fonds N.V. Delta Lloyd L European Participation Fund Sicav
5. Date of the transaction and date on which the threshold is crossed or reached: v		7 April 2017
6. Date on which issuer notified:		10 April 2017
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 xi

Indirect xii

Direct

Indirect

Ordinary shares

2,700,000

2,700,000

NIHIL

NIHIL

NIHIL

NIHIL

NIHIL

GB0009296665

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

NIHIL

NIHIL

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
N/A
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:	Please note: following NN Group N.V.'s declaration of the recommended public cash offer as unconditional for all Delta Lloyd N.V.'s  issued and outstanding shares , per 07-04-2017 NN Group N.V. is the ultimate controlling entity/parent undertaking of Delta Lloyd N.V. Therefore, the holdings of Delta Lloyd N.V. and its group of companies in this issuer will be aggregated with NN Group's holding per 07-04-2017. Delta Lloyd N.V. discloses its current independent holdings (NIHIL - 0%) in the enclosed form. This form will also be released to the issuer today. Please note that NN Group N.V. will separately disclose its current aggregated holding. (The voting rights held in the 2 investment funds are managed by Delta Lloyd Asset Management N.V. wholly owned subsidiary of Delta Lloyd N.V.)
14. Contact name:	Suzanne van Wingerden / Hartie Giesbergen, Delta Lloyd Asset Management
15. Contact telephone number:	[phone]

 

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