27 Jun 2008 12:16
TR-1: notification of major interests in shares
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | Electrocomponents 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 financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | |||
An event changing the breakdown of voting rights | |||
Other (please specify): Transitional Provisions | |||
3. Full name of person(s) subject to the notification obligation: | OppenheimerFunds, Inc (OFI) and Baring Asset Management Limited (Baring) | ||
4. Full name of shareholder(s) (if different from 3.): |
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5. Date of the transaction (and date on which the threshold is crossed or reached if different): | June 25, 2008 | ||
6. Date on which issuer notified: | June 26, 2008 | ||
7. Threshold(s) that is/are crossed or reached: | 4% (OFI: 4.0056% and Baring .0166%) | ||
8. Notified details: | Electrocomponents PLC, International Management Ctr, 5000 Oxford Business Park So, Oxfordshire, 0X4 2BH, United Kingdom, www.electrocomponents.com , Tel#44-1865-204-000, Fax# 44-1865-207-400 |
A: Voting rights attached to shares | |||||||
Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | Resulting situation after the triggering transaction | |||||
Number of Shares | Number of Voting Rights viii | Number of shares | Number of voting rights | % of voting rights | |||
Direct | Direct | Indirect | Direct | Indirect | |||
GB0003096442 | OFI: 15,291,929 Baring: 1,726,284 Total: 17,018,213 | OFI: 15,291,929 Baring: 1,726,284 Total: 17,018,213 | OFI: 17,438,401 Baring: 72,400 Total: 17,510,801 |
| OFI: 17,438,401 Baring: 72,400 Total: 17,510,801 |
| OFI: 4.0056% Baring: .0166% Total: 4.0222% |
B: Financial Instruments | ||||
Resulting situation after the triggering transaction | ||||
Type of financial instrument | Expiration date | Exercise/ Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
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Total (A+B) | |
Number of voting rights | % of voting rights |
17,510,801 | 4.0222% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable : |
As of 6/25/08, OFI owns 17,438,401 shares of Electrocomponents PLC equal to 4.0056% of the shares outstanding (435,350,416) and Baring owns 72,400 shares equal to .0166% of the shares outstanding. |
Proxy Voting: | |
10. Name of the proxy holder: |
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11. Number of voting rights proxy holder will cease to hold: |
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12. Date on which proxy holder will cease to hold voting rights: |
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13. Additional information: |
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14. Contact name: | Ian Haslegrave - Company Secretary |
15. Contact telephone number: | 01865 207491 |
16. Date: | 27 June 2008 |
Annex Notification Of Major Interests In Shares
A: Identity of the person or legal entity subject to the notification obligation | |
Full name (including legal form for legal entities) | OppenheimerFunds, Inc. Baring Asset Management Limited |
Contact address (registered office for legal entities) | OppenheimerFunds, Inc.: 2 World Financial Center, 225 Liberty Street New York, NY 10080 Baring Asset Management Limited, 155 Bishopsgate, London, England EC2M 3XY |
Phone number | OppenheimerFunds, Inc: 212.323.0200 Baring: Kerrie Barnett 020 7214 1404 |
Other useful information (at least legal representative for legal persons) |
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B: Identity of the notifier, if applicable | |
Full name | Rosemary Baker, Director |
Contact address | Massachusetts Mutual Life Insurance Co. 1295 State Street Springfield, MA 01111-0001 USA |
Phone number | 413-744-8258 |
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) | Massachusetts Mutual Life Insurance Company is OppenheimerFunds' Parent company. |