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29 Dec 2011 11:01
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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.
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29 December 2011
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The Vitec Group plc
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NOTIFICATION OF MAJOR INTERESTS IN SHARES
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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.
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Vitec received the attached notice in accordance with the Disclosure and Transparency Rules that Harris Associates L.P. has a notifiable interest in 4,363,956 ordinary shares of 20p each in Vitec, being 10.09% of the issued ordinary share capital of Vitec.
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Jon Bolton
Company Secretary
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A Snapshot of The Vitec Group
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Vitec is an international Group principally serving customers in the broadcast, photographic and military, aerospace and government (MAG) markets. Listed on the London Stock Exchange with 2010 revenue of Β£310 million, Vitec is based on strong, well known, premium brands on which its customers worldwide rely. Vitec is organised in three divisions: Imaging & Staging, Videocom and Services.
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Imaging & Staging designs, manufactures and distributes equipment and accessories for photography, video and events.
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Videocom designs and distributes systems and products used in broadcasting and live entertainment, film and video production and MAG.
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Services provides equipment rental, workflow design and technical support for camera, video, audio, fibre optic and wireless technology used by TV production teams and film crews.
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More information can be found at: www.vitecgroup.com.
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Β 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: | VITEC GROUP | |
2. Reason for the notification Β (yes/no) | ||
An acquisition or disposal of voting rights | Yes | |
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | No | |
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | No | |
An event changing the breakdown of voting rights | No | |
Other (please specify): ______________ | No | |
3. Full name of person(s) subject to notification obligation: | Harris Associates L.P. | |
4. Full name of shareholder(s) Β (if different from 3): | BNY Mellon JPMorgan Chase Northern Trust Company State Street Bank Unknown | |
5. Date of transaction Β (and date on which the threshold is crossed or reached if different): | 22 December 2011 | |
6. Date on which issuer notified: | 23 December 2011 | |
7. Threshold(s) that is/are crossed or reached: | 10% | |
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8. Notified Details | ||||||||||||
A: Voting rights attached to shares | ||||||||||||
Class/type of shares If possible use ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | ||||||||||
Number of Shares | Number of voting rights | Number of shares | Number of voting rights | Percentage of voting rights | ||||||||
Direct | Indirect | Direct | Indirect | |||||||||
GB0009296665 Common Stock | 4,285,525 | 4,285,525 | 4,363,956 | 4,363,956 | 10.09% | |||||||
B: Qualifying Financial Instruments | ||||||||||||
Resulting situation after the triggering transaction | ||||||||||||
Type of financial instrument | Expiration date | Exercise/ conversion period | No. of voting rights that may be acquired (if the instrument is exercised/converted) | Percentage of voting rights | ||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||||||||
Resulting situation after the triggering transaction | ||||||||||||
Type of financial instrument | Exercise Price | Expiration date | Exercise/ conversion period | No. of voting rights instrument refers to | Percentage of voting rights | |||||||
Nominal | Delta | |||||||||||
Total (A+B+C) | ||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||
4,363,956 | 10.09% | |||||||||||
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9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: | |
BNY Mellon - 580,500 Common Stock shares JPMorgan Chase - 235,799 Common Stock shares Northern Trust Company - 155,700 Common Stock shares State Street Bank - 3,321,157 Common Stock shares Unknown - 70,800 Common Stock shares Β | |
Proxy Voting: | |
10. Name of the proxy holder: | |
11. Number of voting rights proxy holder will cease to hold: | |
12. Date on which proxy holder will cease to hold voting rights: | |
13. Additional information: | |
14. Contact name: | Sarah E. Grimm |
15. Contact telephone number: | 312-621-0628 |
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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) | Harris Associates L.P. |
Contact address (including legal form for legal entities) | Two North LaSalle Street, Suite 500, Chicago, IL 60602-3790 USA |
Phone number & email | 312-621-0628 Β sgrimm@harrisassoc.com |
Other useful information (at least legal representative for legal persons) | |
B: Identity of the notifier, if applicable | |
Full name | Sarah E. Grimm |
Contact address | Two North LaSalle Street, Suite 500, Chicago, IL 60602-3790 USA |
Phone number & email | 312-621-0628 Β sgrimm@harrisassoc.com |
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) | |
C: Additional information | |
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