10 Apr 2017 16:09
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.
10 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 NN Group N.V. has a notifiable interest in 2,700,000 ordinary shares of 20p each in Vitec representing 6.03% of Vitec's issued ordinary share capital and voting rights. This follows NN Group N.V.'s recommended cash offer for Delta Lloyd N.V. which was declared unconditional on 7 April 2017.
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 £376.2 million.
More information can be found at: www.vitecgroup.com.
LEI number: 2138007H5DQ4X8YOCF14
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | The Vitec Group plc | ||||
2 Reason for the notification (please tick the appropriate box or boxes): | |||||
An acquisition or disposal of voting rights | |||||
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): | Please note following NN Group N.V.'s declaration of the recommended public cash offer as unconditional for all Delta Lloyd N.V.'s issued and outstanding shares, per 07-04-2017 NN Group N.V. is the ultimate controlling entity/parent undertaking of Delta Lloyd N.V. Therefore, the holdings of Delta Lloyd N.V. in this company have been aggregated with NN Group's holding per 07-04-2017. NN Group N.V. now discloses its current holdings as parent undertaking in the enclosed form. This form will also be released to the Issuer today. Please note that Delta Lloyd N.V. will separately disclose its current holding at 0 (zero) % | X | |||
3. Full name of person(s) subject to thenotification obligation: iii | NN Group N.V. | ||||
4. Full name of shareholder(s) (if different from 3.):iv | |||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 7 April 2017 | ||||
6. Date on which issuer notified: | 10 April 2017 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | 3%, 4%, 5%, 6%
| ||||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | ||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
Ordinary shares | 2,700,000 | 2,700,000 | 6.03% | |||||||||||||
GB0009296665
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B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||||
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 financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
| |||||||||||
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 | |||||||||||||||
2,700,000 | 6.03% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
NN Group N.V. | NN Group Bidco B.V. | Delta Lloyd N.V. | DLAM Holding B.V. | Delta Lloyd Asset Management N.V. | | Delta Lloyd Europees Deelnemingen Fonds N.V. Delta Lloyd L European Participation Fund
| ||
Proxy Voting: | ||
10. Name of the proxy holder: | N/A | |
11. Number of voting rights proxy holder will ceaseto hold: | N/A | |
12. Date on which proxy holder will cease to holdvoting rights: | N/A | |
13. Additional information: | ||
14. Contact name: | E. Lubbers | |
15. Contact telephone number: | +31 6 10 34 09 26 | |