VTC.L Regulatory News (VTC)

7 Nov 2007 15:35

The Vitec Group PLC07 November 2007 7 November 2007 The Vitec Group plc NOTIFICATION OF MAJOR INTERESTS IN SHARES In conformity with the Transparency Directive The Vitec Group plc ("Vitec") isrequired to announce to the market the receipt of notifications of majorinterests in shares. Vitec received notice on 7 November 2007 in accordance with the Disclosure andTransparency Rules that BT Pension Scheme Trustees Limited as trustee of the BTPension Scheme has a notifiable interest in 1,191,156 ordinary shares of 20peach in Vitec, being 2.833% of the issued ordinary share capital of Vitec. Roland PeateCompany Secretary TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES (1). Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached: Vitec Group Plc 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 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) : ( ) 3. Full name of person(s) subject to the notification obligation: BT Pension Scheme Trustees Limited as trustee of the BT Pension Scheme.See Section 9 for further information. 4. Full name of shareholder(s) (if different from 3.): 5. Date of the transaction and date on which the threshold is crossed or reachedif different): 6 November 2007 6. Date on which issuer notified: 7 November 2007 7. Threshold(s) that is/are crossed or reached: 2% 8. Notified details: A: Voting rights attached to shares Class/type of shares Situation previous to if possible using the the Triggering ISIN CODE transaction Number of shares Number of voting Rights GB0009296665 1,591,156 1,591,156 Ord GBP20 0929666 Resulting situation after the triggering transaction Class/type of shares Number of shares Number of voting rights % of voting rights if possible using the Isin CODE Direct Direct Indirect Direct Indirect GB0009296665 0 0 1,191,156 0.00% 2.833% Ord GBP20 0929666 B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Date Exercise/Conversion Number of voting % of voting financial Period/ Date rights that may be rights instrument acquired if the instrument is exercised/ converted. Total (A+B) Number of voting rights % of voting rights 1,191,156 2.833% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: BT Pension Scheme Trustees Limited is the parent undertaking of Britel Fund Trustees Limited, which is the parent undertaking of Hermes Pensions Management Limited. Hermes Pensions Management Limited is the parent undertaking of: 1. Hermes Equity Ownership Services Limited (voting rights held in this issuer: 0.224%) 2. Hermes Investment Management Limited (voting rights held in this issuer: 0.153%) 3. Hermes Assured Limited (included with number 2) 4. Hermes Focus Asset Management Limited (voting rights held in this issuer: 2.456%) Please see Section 13 for further information. Proxy Voting: 10. Name of the proxy holder: See Comment in Section 13. 11. Number of voting rights proxy holder will cease to hold: See Comment in Section 13. 12. Date on which proxy holder will cease to hold voting rights: See Comment in Section 13. 13. Additional information: Hermes Equity Ownership Services Limited hold the voting rights under a standing proxy contained in services agreements for the provision of corporate governanceservices to various underlying clients. Hermes Investment Management Limited hold the voting rights under a standingproxy contained in investment management agreements with various underlyingclients, which includes all the shares owned directly by BT Pension Scheme. All voting rights held on behalf of the above entities are aggregated for thepurposes of DTR 5.2.1(a). The aggregation is made at the lower threshold of 3%and above because Hermes Equity Ownership Services Limited does not manageinvestments for the purposes of the investment manager exemption contained in DTR 5.1.5. Hermes Focus Asset Management Limited hold the voting rights as General Partnerunder a standing proxy contained in limited partnership agreements with variouslimited partnerships. This disclosure is made by BT Pension Scheme Trustees Limited, which is theultimate parent undertaking for the purposes of DTR 5.2.1(e). 14. Contact name: Valerie Davidson / Margaret Moss 15. Contact telephone number: 020 7680 2177 / 020 7680 2125 This information is provided by RNS The company news service from the London Stock Exchange