8 Dec 2015 11:58
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.
8 December 2015
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 4,455,607 ordinary shares of 20p each in Vitec, being 10.01% 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 2014 revenue of £309.6 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 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 SHARESi |
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1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | The Vitec Group plc |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights | x |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): | . |
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3. Full name of person(s) subject to thenotification obligation: iii | Aberforth Partners LLP |
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4. Full name of shareholder(s) (if different from 3.):iv | Shareholder:
Aberforth Smaller Companies Trust plc 3,112,491 Aberforth UK Small Companies Fund 431,216 Aberforth Geared Income Trust plc 911,900 All shares are registered in the name of Nortrust Nominees Ltd A/c Aberfrth |
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5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 7 December 2015 |
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6. Date on which issuer notified: | 8 December 2015 |
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7. Threshold(s) that is/are crossed orreached: vi, vii | 10%
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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 | 2,265,378 | 2,265,378 | 4,455,607 | N/A | 4,455,607 | N/A | 10.01 | ||||||||||||
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
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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 | ||||||||||||||||||
4,455,607 | 10.01 | ||||||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial 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 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: | Pauline Robson, Aberforth Partners LLP | |
15. Contact telephone number: | 0131 220 0733 | |