29 Dec 2011 11:01
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.
29 December 2011
The Vitec Group plc
NOTIFICATION OF MAJOR INTERESTS IN SHARES
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.
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.
Jon Bolton
Company Secretary
A Snapshot of The Vitec Group
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 £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.
Imaging & Staging designs, manufactures and distributes equipment and accessories for photography, video and events.
Videocom designs and distributes systems and products used in broadcasting and live entertainment, film and video production and MAG.
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.
More information can be found at: www.vitecgroup.com.
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 (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) (if different from 3): | BNY Mellon JPMorgan Chase Northern Trust Company State Street Bank Unknown | |
5. Date of transaction (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% | |
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% | |||||||||||
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
| |
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 |
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 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 sgrimm@harrisassoc.com |
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) | |
C: Additional information | |