15 Feb 2011 13:14
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 place an X inside the appropriate bracket/s):
An acquisition or disposal of voting rights: ( X )
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): () Please refer to question 13.
……………..
3. Full name of person(s) subject to the notification obligation:
Silchester International Investors LLP
4. Full name of shareholder(s) (if different from 3):
Silchester International Investors International Value Equity Taxable Trust
Silchester International Investors International Value Equity Trust
Silchester International Investors International Value Equity Group Trust
Silchester International Investors Tobacco Free International Value Equity Trust
The Calleva Trust
5. Date of the transaction (and date on which the threshold is crossed or reached if different):
11th February 2011
6. Date on which issuer notified:
14th February 2011
7. Threshold(s) that is/are crossed or reached:
18%
8. Notified details:
N/A
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | |
| Number of shares | Number of voting Rights |
GB0003096442 |
82,723,350 |
82,723,350 |
Resulting situation after the triggering transaction
Class/type of shares if possible using the ISIN CODE | Number of shares | Number of voting rights | % of voting rights | ||
| Direct | Direct | Indirect | Direct | Indirect |
GB0003096442 |
77,918,071 |
77,918,071 |
|
17.89% |
|
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 |
N/A | N/A | N/A | N/A | N/A |
Total (A+B)
Number of voting rights | % of voting rights |
77,918,071 |
17.89% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
N/A
Proxy Voting:
10. Name of the proxy holder:
Silchester International Investors LLP
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
Silchester International Investors LLP ("Silchester") acts as investment manager for the clients detailed in Question 4 above (our "Clients"). In acting for Clients, Silchester are given full discretion over their investments and are empowered to vote on their behalf. However, do not act as Clients' custodian and therefore shares are not held in its name but in the name of each Client's custodian bank.
The decrease in Silchester's holdings was due to a series of transactions over a series of different trading days. Details of the number of shares held before the change (shown in Section A 'Situation previous to the Triggering transaction' above), represent the shares held by Silchester's clients as of the date of its last Notice of Substantial Shareholder's Interest and not as of the last trading day before which this disclosure level was triggered.
14. Contact name:
Ian Haslegrave
15. Contact telephone number:
01865 207491
16. Date:
15 February 2011