Holding(s) in Company
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.
24 March 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 Aviva plc & its subsidiaries has a notifiable interest in 6,043,080 ordinary shares of 20p each in Vitec, being 14% 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.
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
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1. Identity of the issuer or the underlying issuer |
The Vitec Group plc |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the |
Aviva plc & its subsidiaries |
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4. Full name of shareholder(s) |
Registered Holder:
BNY (Nominees) Limited 6,343*
BNY Norwich Union Nominees Limited 114,331*
Chase (GA Group) Nominees Limited 567,517*
Chase Nominees Limited 28,504*
Kas Bank NV 828,739*
Vidacos Nominees Limited 1,754* *denotes direct interest
Banque de Luxembourg SA 1,212,640
Chase Nominees Limited 17,378
Kas Bank NV 3,149,132
Vidacos Nominees Limited 116,742
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5. Date of the transaction and date on |
23 March 2011 |
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6. Date on which issuer notified: |
24 March 2011 |
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7. Threshold(s) that is/are crossed or |
13% to 14% Change at Combined Interest Level |
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8. Notified details: |
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A: Voting rights attached to shares viii, ix |
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights x |
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Direct |
Direct xi |
Indirect xii |
Direct |
Indirect |
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Ordinary Shares |
5,749,845 |
5,749,845 |
6,043,080 |
1,547,188 |
4,495,892 |
3.58% |
10.42% |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
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Resulting situation after the triggering transaction |
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Type of financial |
Exercise price |
Expiration date xvii |
Exercise/ |
Number of voting rights instrument refers to
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% of voting rights xix, xx
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Nominal |
Delta |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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6,043,080 |
14.00% |
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9. Chain of controlled undertakings through which the voting rights and/or the |
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The voting rights are managed and controlled by Aviva Investors Global Services Limited and Delta Lloyd Asset Management NV, 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)
Delta Lloyd Asset Management NV: · Aviva plc (Parent Company) · Aviva Group Holdings Limited (wholly owned subsidiary of Aviva plc) · Aviva International Insurance Limited (wholly owned subsidiary of Aviva Group Holdings Limited) · Aviva Insurance Limited (wholly owned subsidiary of Aviva International Insurance Limited) · Aviva International Holdings Limited (wholly owned subsidiary of Aviva Insurance Limited) · CGU International Holdings BV (wholly owned subsidiary of Aviva International Holdings Limited) · Delta Lloyd NV (majority owned subsidiary of CGU International Holdings BV) · Delta Lloyd Asset Management NV (wholly owned subsidiary of Delta Lloyd NV)
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Proxy Voting: |
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10. Name of the proxy holder: |
See Section 4 |
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11. Number of voting rights proxy holder will cease |
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12. Date on which proxy holder will cease to hold |
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14. Contact name: |
Neil Whittaker, Aviva plc |
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15. Contact telephone number: |
01603 684420 |
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This information is provided by RNS