Holding(s) in Company

RNS Number : 5599V

Electrocomponents PLC

03 November 2010

 



TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

Electrocomponents plc

2. Reason for the notification (please place an X inside the appropriate bracket/s):

An acquisition or disposal of voting rights: (    )

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: (    )

An event changing the breakdown of voting rights: (    )

Other (please specify): ( X  ) Please refer to question 13.

……………..

3. Full name of person(s) subject to the notification obligation:

Silchester International Investors LLP

4. Full name of shareholder(s) (if different from 3):

            Silchester International Investors International Value Equity Taxable Trust

          Silchester International Investors International Value Equity Trust

Silchester International Investors International Value Equity Group Trust

Silchester International Investors Tobacco Free International Value Equity Trust

The Calleva Trust

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

1^st November 2010

6. Date on which issuer notified:

3^rd November 2010

7. Threshold(s) that is/are crossed or reached:

19%

8. Notified details:

N/A

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction
	Number of shares	Number of voting Rights
GB0003096442	0	0

Resulting situation after the triggering transaction

Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights		% of voting rights
	Direct	Direct	Indirect	Direct	Indirect
GB0003096442	84,714,240	84,714,240		19.45%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument	Expiration Date	Exercise/Conversion Period/ Date	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

Total (A+B)

Number of voting rights	% of voting rights
84,714,240	19.45%

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

N/A

Proxy Voting:

10. Name of the proxy holder:

Silchester International Investors LLP

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:

On 1st November 2010, Silchester International Investors Limited ("Silchester Limited") transferred its regulated business to Silchester International Investors LLP ("Silchester LLP").  On the same day, Silchester Limited changed its name to Silchester Partners Limited.  All employees of Silchester Limited, including all portfolio managers, investment analysts and members of its administration and operations teams, became partners or employees of Silchester LLP.  Silchester LLP acts as investment manager for the clients detailed in Question 4 above (the "Clients").  In acting for the Clients, Silchester  LLP is given full discretion over their investments and are empowered to vote on their behalf.  However, Silchester LLP does not act as the Clients' custodian and therefore shares are not held in Silchester LLP's name but in the name of each Client's custodian bank.  This notification was therefore triggered by the change in the legal structure of the investment management firm on 1^st November 2010 rather than trading activity in the underlying shares.

14. Contact name:

Ian Haslegrave

15. Contact telephone number:

01865 207491

16. Date:

            3 November 2010

 

END

 

 

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