Holding(s) in Company

RNS Number : 7348U

The Vitec Group PLC

29 December 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.

29 December 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 Harris Associates L.P. has a notifiable interest in 4,363,956 ordinary shares of 20p each in Vitec, being 10.09% 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 Interests in Shares
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:	VITEC GROUP
2. Reason for the notification  (yes/no)
An acquisition or disposal of voting rights		Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached		No
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments		No
An event changing the breakdown of voting rights		No
Other (please specify): ______________		No
3. Full name of person(s) subject to notification obligation:	Harris Associates L.P.
4. Full name of shareholder(s)  (if different from 3):	BNY Mellon JPMorgan Chase Northern Trust Company State Street Bank Unknown
5. Date of transaction  (and date on which the threshold is crossed or reached if different):	22 December 2011
6. Date on which issuer notified:	23 December 2011
7. Threshold(s) that is/are crossed or reached:	10%

8. Notified Details

A: Voting rights attached to shares

Class/type of shares If possible use 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

Percentage of voting rights

Direct

Indirect

Direct

Indirect

GB0009296665 Common Stock

4,285,525

4,285,525

4,363,956

4,363,956

10.09%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period

No. of voting rights that may be acquired (if the instrument is exercised/converted)

Percentage of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise Price

Expiration date

Exercise/ conversion period

No. of voting rights instrument refers to

Percentage of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

4,363,956

10.09%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
BNY Mellon - 580,500 Common Stock shares JPMorgan Chase - 235,799 Common Stock shares Northern Trust Company - 155,700 Common Stock shares State Street Bank - 3,321,157 Common Stock shares Unknown - 70,800 Common Stock shares
Proxy Voting:
10. Name of the proxy holder:
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:
14. Contact name:	Sarah E. Grimm
15. Contact telephone number:	312-621-0628

Annex: Notification of major interests in shares
A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities)	Harris Associates L.P.
Contact address (including legal form for legal entities)	Two North LaSalle Street, Suite 500, Chicago, IL 60602-3790 USA
Phone number & email	312-621-0628  [e-mail]
Other useful information (at least legal representative for legal persons)
B: Identity of the notifier, if applicable
Full name	Sarah E. Grimm
Contact address	Two North LaSalle Street, Suite 500, Chicago, IL 60602-3790 USA
Phone number & email	312-621-0628  [e-mail]
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)
C: Additional information

 

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