The Vitec Group PLC Holding(s) in Company (2915S)
December 19 2016 - 11:59AM
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
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