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VTC Videndum Plc

1,290.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Videndum Plc LSE:VTC London Ordinary Share Ordinary Shares
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,290.00 1,280.00 1,288.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

The Vitec Group PLC Holding(s) in Company (2915S)

19/12/2016 5:59pm

UK Regulatory


TIDMVTC TIDMPRU

RNS Number : 2915S

The Vitec Group PLC

19 December 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. 
 
 
 
                        19 December 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 the Prudential 
      plc group of companies has a notifiable interest in 
     3,112,201 ordinary shares of 20p each in Vitec, being 
      6.95% 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 GBP317.8 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 SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                           The Vitec Group plc 
  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 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)                                      Prudential plc group of companies 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  --------------------------------------- 
 4. Full name of shareholder(s)                                           Prudential plc 
  (if different from 3.):(iv)                                            M&G Group Limited 
                                                                            M&G Limited 
                                                                     M&G Investment Management 
                                                                              Limited 
                                                                      M&G Securities Limited 
-----------------------------------------------------------  --------------------------------------- 
 5. Date of the transaction                                              16 December 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------------- 
 6. Date on which issuer                                                 19 December 2016 
  notified: 
-----------------------------------------------------------  --------------------------------------- 
 7. Threshold(s) that is/are                                               See item 13 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  --------------------------------------- 
 
 
 
 8. Notified details: 
--------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
--------------------------------------------------------------------------------------------------------------------------- 
 Class/type           Situation previous                Resulting situation after the 
  of                   to the triggering                 triggering transaction 
  shares               transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------------  --------------------------------  -------------------------------------------------------------------- 
                      Number           Number           Number         Number of                   % of voting 
                       of               of               of shares      voting                      rights (x) 
                       Shares           Voting                          rights 
                                        Rights 
-------------------  ---------------  ---------------  -------------  --------------------------  ------------------------- 
                                                        Direct         Direct        Indirect      Direct        Indirect 
                                                                        (xi)          (xii) 
-------------------      -----------    -----------    -------------  ------------  ------------  ------------  ----------- 
    ORD GBP0.20 
    GB0009296665        3,270,290        3,270,290       3,070,290      3,070,290         0           6.86%          0 
-------------------  ---------------  ---------------  -------------  ------------  ------------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of financial        Expiration     Exercise/                       Number of voting              % of voting 
  instrument               date           Conversion                      rights that                   rights 
                           (xiii)         Period (xiv)                    may be 
                                                                          acquired if 
                                                                          the 
                                                                          instrument 
                                                                          is 
                                                                          exercised/ 
                                                                          converted. 
-----------------------  -------------  ------------------------------  ----------------------------  --------------------- 
      ORD GBP0.20                                                                  41,911                     0.09% 
      GB0009296665 
    (Right of Recall) 
-----------------------  -------------  ------------------------------  ----------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of financial      Exercise       Expiration     Exercise/        Number of voting              % of voting 
  instrument             price         date           Conversion        rights instrument             rights (xix, 
                                       (xvii)         period            refers to                     xx) 
                                                      (xviii) 
---------------------  -------------  -------------  ---------------  ----------------------------  ----------------------- 
                                                                                                     Nominal       Delta 
---------------------  -------------  -------------  ---------------  ----------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                  Percentage of voting rights 
-------------------------------------------------------  ------------------------------------------------------------------ 
 3,112,201                                                6.95% 
-------------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------------------- 
 
   Prudential plc (parent Company) - 3,112,201 (6.95%) 
   M&G Group Limited (wholly owned subsidiary of Prudential 
   plc) - 3,112,201 (6.95%) 
   M&G Limited (wholly owned subsidiary of M&G Group Limited) 
   - 3,112,201 (6.95%) 
   M&G Investment Management Limited (wholly owned subsidiary 
   of M&G Limited) - 3,112,201 (6.95%) 
 
 Proxy Voting: 
--------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                            N/A 
--------------------------------------------------------  ----------------------------------- 
 11. Number of voting rights proxy                                        N/A 
  holder will cease 
  to hold: 
--------------------------------------------------------  ----------------------------------- 
 12. Date on which proxy holder will                                      N/A 
  cease to hold 
  voting rights: 
--------------------------------------------------------  ----------------------------------- 
 
 
  13. Additional information:                                M&G Securities Limited (wholly 
                                                             owned subsidiary of M&G Limited) 
                                                             has moved below a 5% notifiable 
                                                             interest triggering this 
                                                             notification. 
--------------------------------------------------------  ----------------------------------- 
 14. Contact name:                                         Owen Smith / James Todd 
                                                            M&G Investment Management 
                                                            Limited 
--------------------------------------------------------  ----------------------------------- 
                                                           020 7004 4517 / 020 7548 
 15. Contact telephone number:                              2293 
--------------------------------------------------------  ----------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLTLBRTMBABBRF

(END) Dow Jones Newswires

December 19, 2016 12:59 ET (17:59 GMT)

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