The Vitec Group PLC Holding(s) in Company (8383B)

TIDMVTC

RNS Number : 8383B

The Vitec Group PLC

06 April 2017

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.

6 April 2017

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 5,226,033 ordinary shares of 20p each in Vitec, being 11.68% of the issued ordinary share capital of Vitec.

Jon Bolton

Group Company Secretary

A Snapshot of The Vitec Group

Vitec is a leading global provider of premium branded products and services to the fast changing and growing "image capture and sharing" market.

Vitec's customers include broadcasters, independent content creators, photographers and enterprises, and our activities comprise: design, manufacture and distribution of high performance products and software including camera supports, wireless systems, robotic camera systems, prompters, LED lights, mobile power, monitors and bags; and premium services including technical solutions, systems integration and equipment rental for TV production teams, film crews and enterprises.

We employ around 1,700 people across the world in ten different countries and are organised in two Divisions: Broadcast and Photographic.

The Vitec Group plc is listed on the London Stock Exchange with 2016 revenue of GBP376.2 million.

More information can be found at: www.vitecgroup.com.

LEI number: 2138007H5DQ4X8YOCF14

 
 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: 
  (if different from 3.):(iv)                          ------------------ 
                                                        Nortrust Nominees 
                                                         Ltd 
                                                       ------------------ 
---------------------------------------------------  ----------------------------------------------------------------- 
 5. Date of the transaction                                                                               6 April 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------  ----------------------------------------------------------------- 
 6. Date on which issuer                                                                                  6 April 2017 
  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        5,426,833          5,426,833        5,226,033        N/A        5,226,033   N/A           11.68 
               -----------------  ---------------  ---------------  ---------  ----------  ------------  --------------- 
 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 
-----------------------------------------------------  ----------------------------------------------------------------- 
 5,226,033                                              11.68 

-----------------------------------------------------  ----------------------------------------------------------------- 
 
 
 
 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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April 06, 2017 09:50 ET (13:50 GMT)