The Vitec Group PLC Holding(s) in Company (0831N)

TIDMVTC

RNS Number : 0831N

The Vitec Group PLC

20 October 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.

20 October 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 Aberforth Partners LLP has a notifiable interest in 5,426,833 ordinary shares of 20p each in Vitec, being 12.15% 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)                            Aberforth Partners LLP 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------  -------------------------------------------------------------------- 
 4. Full name of shareholder(s)                        Shareholder:             Shares 
  (if different from 3.):(iv)                          -----------------------  ---------- 
                                                        1. Aberforth Smaller 
                                                         Companies Trust 
                                                         plc                     3,457,891 
                                                       -----------------------  ---------- 
                                                        2. Aberforth UK 
                                                         Small Companies 
                                                         Fund                      564,216 
                                                       -----------------------  ---------- 
                                                        3. Aberforth Geared 
                                                         Income Trust plc        1,111,400 
                                                       -----------------------  ---------- 
                                                        4. The National 
                                                         Trust for Places 
                                                         of Historic Interest 
                                                         of Natural Beauty         293,326 
                                                       -----------------------  ---------- 
 
                                                       Shares are registered in 
                                                       the name of Nortrust Nominees 
                                                       Ltd 
---------------------------------------------------  -------------------------------------------------------------------- 
 5. Date of the transaction                                                                               19 October 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------  -------------------------------------------------------------------- 
 6. Date on which issuer                                                                                  20 October 2016 
  notified: 
---------------------------------------------------  -------------------------------------------------------------------- 
 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     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) 
-------------        -----------    -----------    -----------------  ----------  ----------  ------------  --------------- 
 Ordinary 
  shares        4,998,807          4,998,807        5,426,833          N/A         5,426,833   N/A           12.15 
               -----------------  ---------------  -----------------  ----------  ----------  ------------  --------------- 
 GB0009296665 
-------------        -----------    -----------          -----------  ----------  ----------    ----------      --------- 
 
 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. 
-------------------  -------------  --------------------------------  ------------------------  --------------------------- 
 N/A                  N/A            N/A                               N/A                       N/A 
-------------------  -------------  --------------------------------  ------------------------  --------------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 

 Type of          Exercise         Expiration     Exercise/            Number of voting          % of voting 
 financial         price           date           Conversion            rights instrument         rights (xix, 
 instrument                        (xvii)         period                refers to                 xx) 
                                                  (xviii) 
---------------  ---------------  -------------  -------------------  ------------------------  --------------------------- 
 N/A              N/A              N/A            N/A                  N/A                       Nominal       Delta 
---------------  ---------------  -------------  -------------------  ------------------------  ------------  ------------- 
                                                                                                 N/A           N/A 
-------------        -----------    -----------          -----------  ----------  ----------    ------------  ------------- 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                Percentage of voting rights 
-----------------------------------------------------  -------------------------------------------------------------------- 
 5,426,833                                              12.15 
-----------------------------------------------------  -------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
----------------------------------------------------------------------------------- 
 
   Held by Aberforth Partners LLP 
 
 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: 
-------------------------------------------------------  -------------------------- 
 14. Contact name:                                        Pauline Robson, Aberforth 
                                                                 Partners LLP 
-------------------------------------------------------  -------------------------- 
 15. Contact telephone number:                                  0131 220 0733 
-------------------------------------------------------  -------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 20, 2016 07:09 ET (11:09 GMT)