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ECM Electrocomponents Plc

1,047.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Electrocomponents Plc LSE:ECM London Ordinary Share GB0003096442 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,047.00 1,043.00 1,045.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Electrocomponents PLC Holding(s) in Company (9760J)

15/09/2016 2:48pm

UK Regulatory


TIDMECM

RNS Number : 9760J

Electrocomponents PLC

15 September 2016

   TR-1[i]:               notification of major interests in shares 
 
 1. Identity of the issuer or                            Electrocomponents 
  the underlying issuer of existing 
  shares to which voting rights 
  are attached[ii]: 
---------------------------------------------------  ------------------------ 
 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 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): Transitional Notification 
---------------------------------------------------  ------------------------ 
 3. Full name of person(s) subject                    Sprucegrove Investment 
  to the notification obligation[iii]:                      Management 
---------------------------------------------------  ------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.)[iv]: 
---------------------------------------------------  ------------------------ 
 5. Date of the transaction                             September 13. 2016 
  (and date on which the threshold 
  is crossed or reached if different)[v]: 
---------------------------------------------------  ------------------------ 
 6. Date on which issuer notified:                      September 14, 2016 
---------------------------------------------------  ------------------------ 
 7. Threshold(s) that is/are 
  crossed or reached:                                          5.00% 
---------------------------------------------------  ------------------------ 
 8. Notified details: 
--------------------------------------------------- 
 
 
 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type           Situation                         Resulting situation after the 
  of shares            previous to                       triggering transaction[vii] 
  if possible          the Triggering 
  using                transaction 
  the ISIN             [vi] 
  CODE 
-------------------  --------------------------------  --------------------------------------------------------------- 
                      Number         Number             Number         Number of                 % of voting 
                       of Shares      of Voting          of shares      voting rights             rights 
                                      Rights                            (ix) 
                                      (viii) 
-------------------  -------------  -----------------  -------------  ------------------------  ---------------------- 
                                                        Direct         Direct         Indirect   Direct       Indirect 
                                                                        (x)            (xi) 
-------------------  -------------  -----------------  -------------  -------------  ---------  -----------  --------- 
 
      GB0003096442      22,107,793         22,107,793     22,025,563     22,025,563                   5.00% 
-------------------  -------------  -----------------  -------------  -------------  ---------  -----------  --------- 
 
 
 B: Financial Instruments 
------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
  (xii) 
------------------------------------------------------------------------- 
 Type of       Expiration   Exercise/       Number of         % of voting 
  financial     date         Conversion      voting rights     rights 
  instrument    (xiii)       Period/ Date    that may be 
                             (xiv)           acquired if 
                                             the instrument 
                                             is exercised/ 
                                             converted. 
------------  -----------  --------------  ----------------  ------------ 
 
 
 
 Total (A+B) 
---------------------------------------------- 
 Number of voting rights    % of voting rights 
-------------------------  ------------------- 
 22,025,563 (based on 
  total voting rights of 
  440,873,861)              5.00% 
-------------------------  ------------------- 
 
 
 9. Chain of controlled undertakings through which 
  the voting rights and/or the financial instruments 
  are effectively held, if applicable (xv) : 
---------------------------------------------------- 
 
 
 
 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:              Angie Visentin 
-----------------------------  ---------------------- 
 15. Contact telephone 
  number:                           416-363-5854 x237 
-----------------------------  ---------------------- 
 

Annex Notification Of Major Interests In Shares (xvi)

 
 A: Identity of the person or legal entity subject 
  to the notification obligation 
-------------------------------------------------------------- 
 Full name (including legal             Sprucegrove Investment 
  form for legal entities)               Management 
---------------------------------  --------------------------- 
 Contact address (registered        181 University Avenue, 
  office for legal entities)         Suite 1300 
                                     Toronto, Ontario 
                                     M5H 3M7 
---------------------------------  --------------------------- 
 Phone number                       416-363-5854 x.237 
---------------------------------  --------------------------- 
 Other useful information 
  (at least legal representative 
  for legal persons) 
---------------------------------  --------------------------- 
 
 
 B: Identity of the notifier, if applicable (xvii) 
------------------------------------------------------------- 
 Full name                              Angie Visentin 
-------------------------------------  ---------------------- 
 Contact address                        (same as above) 
-------------------------------------  ---------------------- 
 Phone number                           416-363-5854 x.237 
-------------------------------------  ---------------------- 
 Other useful information               Investment Operations 
  (e.g. functional relationship          Department 
  with the person or legal 
  entity subject to the notification 
  obligation) 
-------------------------------------  ---------------------- 
 
 
 C: Additional information 
-------------------------- 
 
 

Notes

[i] This form is to be sent to the issuer or underlying issuer and to be filed with the competent authority.

[ii] Either the full name of the legal entity or another method for identifying the issuer or underlying issuer, provided it is reliable and accurate.

[iii] This should be the full name of (a) the shareholder; (b) the person acquiring, disposing of or exercising voting rights in the cases provided for in DTR5.2.1 (b) to (h); (c) all the parties to the agreement referred to in DTR5.2.1 (a), or (d) the direct or indirect holder of financial instruments entitled to acquire shares already issued to which voting rights are attached, as appropriate.

In relation to the transactions referred to in points DTR5.2.1 (b) to (h), the following list is provided as indication of the persons who should be mentioned:

- in the circumstances foreseen in DTR5.2.1 (b), the person that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;

- in the circumstances foreseen in DTR 5.2.1 (c), the person holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and person lodging the collateral under these conditions;

- in the circumstances foreseen in DTR5.2.1(d), the person who has a life interest in shares if that person is entitled to exercise the voting rights attached to the shares and the person who is disposing of the voting rights when the life interest is created;

- in the circumstances foreseen in DTR5.2.1 (e), the parent undertaking and, provided it has a notification duty at an individual level under DTR 5.1, under DTR5.2.1 (a) to (d) or under a combination of any of those situations, the controlled undertaking;

- in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;

- in the circumstances foreseen in DTR5.2.1 (g), the person that controls the voting rights;

- in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion.

[iv] Applicable in the cases provided for in DTR 5.2.1 (b) to (h). This should be the full name of the shareholder or holder of financial instruments who is the counterparty to the natural person or legal entity referred to in DTR5.2.

[v] The date of the transaction should normally be, in the case of an on exchange transaction, the date on which the matching of orders occurs; in the case of an off exchange transaction, date of the entering into an agreement.

The date on which threshold is crossed should normally be the date on which the acquisition, disposal or possibility to exercise voting rights takes effect (see DTR 5.1.1R (3)). For passive crossings, the date when the corporate event took effect.

These dates will usually be the same unless the transaction is subject to a condition beyond the control of the parties.

[vi] Please refer to the situation disclosed in the previous notification, In case the situation previous to the triggering transaction was below 3%, please state 'below 3%'.

(vii) If the holding has fallen below the minimum threshold , the notifying party should not be obliged to disclose the extent of the holding, only that the new holding is less than 3%.

For the case provided for in DTR5.2.1(a), there should be no disclosure of individual holdings per party to the agreement unless a party individually crosses or reaches an Article 9 threshold. This applies upon entering into, introducing changes to or terminating an agreement.

(viii) Direct and indirect

(ix) In case of combined holdings of shares with voting rights attached 'direct holding' and voting rights 'indirect holdings', please split the voting rights number and percentage into the direct and indirect columns-if there is no combined holdings, please leave the relevant box blank.

(X) Voting rights attached to shares in respect of which the notifying party is a direct shareholder (DTR 5.1)

(xi) Voting rights held by the notifying party as an indirect shareholder (DTR 5.2.1)

(xii) If the holding has fallen below the minimum threshold, the notifying party should not be obliged to disclose the extent of the holding, only that the new holding is below 3%.

(xiii) date of maturity / expiration of the finical instrument i.e. the date when the right to acquire shares ends.

(xiv) If the financial instrument has such a period-please specify the period- for example once every three months starting from the [date]

(xv) The notification should include the name(s) of the controlled undertakings through which the voting rights are held. The notification should also include the amount of voting rights and the percentage held by each controlled undertaking, insofar as individually the controlled undertaking holds 3% or more, and insofar as the notification by the parent undertaking is intended to cover the notification obligations of the controlled undertaking.

   (xvi)              This annex is only to be filed with the competent authority. 

(xvii) Whenever another person makes the notification on behalf of the shareholder or the natural person/legal entity referred to in DTR5.2 and DTR5.3.

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLGGUCCBUPQGWA

(END) Dow Jones Newswires

September 15, 2016 09:48 ET (13:48 GMT)

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