24 Apr 2018 15:09
24 April 2018
The Vitec Group plc
Holdings in Company
The Company was informed on 23 April 2018 that due to an internal reorganization of the Alantra Group, Alantra Asset Management, SGIIC, S.A. ("Alantra AM") was replaced by Alantra EQMC Asset Management, SGIIC, S.A. ("Alantra EQMC") as investment manager of the EQMC Development Capital Fund plc and Mercer QIF CCF (the "Funds").
This notification and the attached TR1 notifications detail the loss by Alantra AM of the voting rights attached to the shares of the portfolio companies held by the Funds including those held in the Company and the subsequent acquisition by Alantra EQMC of such voting rights.
Jon Bolton
Group Company Secretary
020 8332 4600
A snapshot of The Vitec Group plc
Vitec is a leading global provider of premium branded products and solutions 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 solutions including camera supports, camera mounted electronic accessories, robotic camera systems, prompters, LED lights, mobile power, monitors and bags.
We employ around 1,700 people across the world in ten different countries and are organised in three Divisions: Imaging Solutions, Production Solutions and Creative Solutions.
The Vitec Group plc is listed on the London Stock Exchange with 2017 adjusted revenue* of £378.1 million.
More information can be found at: www.vitecgroup.com
LEI number: 2138007H5DQ4X8YOCF14
*Revenue from continuing and discontinued operations
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | ||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | The Vitec Group plc | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer | ||||||
2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | ||||||
An acquisition or disposal of financial instruments | ||||||
An event changing the breakdown of voting rights | ||||||
Other (please specify)iii: substitution of the investment manager of the Funds | x | |||||
3. Details of person subject to the notification obligationiv | ||||||
Name | Alantra Asset Management, SGIIC, S.A. | |||||
City and country of registered office (if applicable) | Madrid, Spain | |||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | EQMC Europe Development Capital Fund Plc & Mercer QIF Common Contractual Fund | |||||
City and country of registered office (if applicable) | ||||||
5. Date on which the threshold was crossed or reachedvi: | April 19th, 2018 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | April 23th 2018 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
% of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments(total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | |||
Resulting situation on the date on which threshold was crossed or reached | 0% | 0 % | 0% | 44,932,191 | ||
Position of previous notification (if applicable) | 14.23% | 0% | 14.23% | |||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
GB0009296665 | 0 | 0 | 0 | 0% | |||||
SUBTOTAL 8. A | 0 | 0% | |||||||
| |||||||||
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
SUBTOTAL 8. B 1 | |||||||||
| |||||||||
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
SUBTOTAL 8.B.2 | |||||||||
| |||||||||
9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | ||||
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | x | |||
Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
EQMC Europe Development Capital Fund, Plc | 11.19% | 0% | 5,025,743 | |
Mercer QIF Common Contractual Fund | 3.04% | 0% | 1,367,520 | |
10. In case of proxy voting, please identify: | ||||
Name of the proxy holder | ||||
The number and % of voting rights held | ||||
The date until which the voting rights will be held | ||||
11. Additional informationxvi | ||||
ALANTRA ASSET MANAGEMENT SGIIC, S.A. loses the condition of investment manager of EQMC EUROPE DEVELOPMENT CAPITAL FUND, PLC ("EQMC") and of the sub-investment manager of MERCER INVESTMENT FUND 2 (a sub-fund of MERCER QIF COMMON CONTRACTUAL FUND), together with EQMC the "Funds". The last interests held by ALANTRA AM prior losing its condition of investment manager and sub-investment manager of the Funds in the voting rights of the shares of The Vitec Group plc held by the Funds are: (i) EQMC holds 11.19%, and (ii) MERCER holds 3.04%.
| ||||
Place of completion | Madrid, Spain |
Date of completion | 23/04/18 |
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i | ||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | The Vitec Group plc | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer | ||||||
2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | x | |||||
An acquisition or disposal of financial instruments | ||||||
An event changing the breakdown of voting rights | ||||||
Other (please specify)iii: | ||||||
3. Details of person subject to the notification obligationiv | ||||||
Name | Alantra Partners, S.A. | |||||
City and country of registered office (if applicable) | Madrid, Spain | |||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | EQMC Europe Development Capital Fund Plc & Mercer QIF Common Contractual Fund | |||||
City and country of registered office (if applicable) | ||||||
5. Date on which the threshold was crossed or reachedvi: | April 19th, 2018 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | April 23th 2018 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
% of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments(total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | |||
Resulting situation on the date on which threshold was crossed or reached | 14.23% | 0 % | 14.23% | 44,932,191 | ||
Position of previous notification (if applicable) | ||||||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
GB0009296665 | 0 | 6,393,263 | 0 | 14.23% | |||||
SUBTOTAL 8. A | 6,393,263 | 14.23% | |||||||
| |||||||||
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
SUBTOTAL 8. B 1 | |||||||||
| |||||||||
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
SUBTOTAL 8.B.2 | |||||||||
| |||||||||
9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | ||||
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | x | |||
Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
Alantra Partners, S.A. | 14.23% | 0% | 6,393,263 | |
Alantra EQMC Asset Management, SGIIC, S.A. | 14.23% | 0% | 6,393,263 | |
EQMC Europe Development Capital Fund, Plc | 11.19% | 0% | 5,025,743 | |
Mercer QIF Common Contractual Fund | 3.04% | 0% | 1,367,520 | |
| ||||
10. In case of proxy voting, please identify: | ||||
Name of the proxy holder | ||||
The number and % of voting rights held | ||||
The date until which the voting rights will be held | ||||
11. Additional informationxvi | ||||
As a consequence of the substitution of the investment manager (previously Alantra Asset Management, SGIIC, S.A.) of EQMC EUROPE DEVELOPMENT CAPITAL FUND, PLC ("EQMC") and the sub-investment manager of MERCER INVESTMENT FUND 2 (a sub-fund of MERCER QIF COMMON CONTRACTUAL FUND), together with EQMC the "Funds", ALANTRA EQMC ASSET MANAGEMENT SGIIC, S.A. ("ALANTRA EQMC") is the new investment manager of the Funds. From now on, ALANTRA EQMC as investment manager and sub-investment manager may exercise the voting rights of the shares of The Vitec Group plc held by the Funds. EQMC holds 11.19%, while the percentage of the voting rights held by the sub-fund is 3.04%.
| ||||
Place of completion | Madrid, Spain |
Date of completion | 23/04/18 |