Holding(s) in Company

RNS Number : 8803J

The Vitec Group PLC

14 September 2016

 

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.

14 September 2016

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 NMAS1 Asset Management, SGIIC, S.A. has a notifiable interest in 5,516,568 ordinary shares of 20p each in Vitec, being 12.387% of the issued ordinary share capital of Vitec.

Jon Bolton

Group Company Secretary

A Snapshot of The Vitec Group

Vitec is a global provider of premium branded products and services to the Broadcast and Photographic markets. Vitec is listed on the London Stock Exchange with 2015 revenue of £317.8 million.

The Group is organised in two Divisions:

The Broadcast Division designs, manufactures and distributes premium branded products for broadcasting, film and video production for broadcasters and independent content creators. It also provides premium services including equipment rental and technical solutions to TV production teams and film crews.

The Photographic Division designs, manufactures and distributes premium branded equipment for photographic and video cameras and provides dedicated solutions to professional and non-professional image takers.

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					X
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):
3. Full name of person(s) subject to the notification obligation: iii		NMÁS1 ASSET MANAGEMENT, SGIIC, S.A.
4. Full name of shareholder(s)  (if different from 3.):iv		EQMC EUROPE DEVELOPMENT CAPITAL FUND PLC MERCER QIF COMMON CONTRACTUAL FUND
5. Date of the transaction and date on which the threshold is crossed or reached: v		13 SEPTEMBER 2016
6. Date on which issuer notified:		14 SEPTEMBER 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		12%

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

4,446,568

4,446,568

0

0

5,516,568

0

12.387%

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

5,516,568

12.387%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
NMÁS1 ASSET MANAGEMENT SGIIC, S.A. ("N+1 AM") is the investment manager of EQMC EUROPE DEVELOPMENT CAPITAL FUND, PLC and MERCER QIF COMMON CONTRACTUAL FUND (the "Funds"). N+1 AM as investment manager may exercise the voting rights of the shares of The Vitec Group plc held by the Funds. The individual participation of each fund in the total voting rights of The Vitec Group plc is: (i) EQMC EUROPE DEVELOPMENT CAPITAL FUND, PLC: 8.967% (ii) MERCER QIF COMMON CONTRACTUAL FUND: 3.420% The indirect participation of Nmás1 Asset Management, SGIIC, S.A. in The Vitec Group plc voting rights previous to the triggering transaction which is referred in this notification was below the 10%. Therefore, 10%, 11% and 12% thresholds have been crossed in the same transaction. This notification intends to cover the notification obligation of the Funds.
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:	Jacobo Llanza Figueroa
15. Contact telephone number:	+ 34 91 745 84 84

 

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