9 Jun 2014 07:30

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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9 June 2014
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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 Schroders plc has a notifiable interest in 2,390,107 ordinary shares of 20p each in Vitec, being 5.409% of the issued ordinary share capital of Vitec.
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Jon Bolton
Group 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 & Video, Photographic and Military, Aerospace and Government (MAG) markets. Listed on the London Stock Exchange with 2013 revenue of £315.4 million, Vitec is based on strong, well known, premium brands on which its customers worldwide rely. Vitec is organised in three Divisions: Videocom, Imaging and Services.
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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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Imaging designs, manufactures and distributes equipment and accessories for photography and video.
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Services provides equipment rental, workflow design and technical support to TV production teams and film crews.
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More information can be found at: www.vitecgroup.com.
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | The Vitec Group plc | ||||
2 Reason for the notification (please tick the appropriate box or boxes): | |||||
An acquisition or disposal of voting rights | ü | ||||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | |||||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | |||||
An event changing the breakdown of voting rights | |||||
Other (please specify): | |||||
3. Full name of person(s) subject to thenotification obligation: iii | Schroders plc | ||||
4. Full name of shareholder(s) Â (if different from 3.):iv | |||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 05.06.14 | ||||
6. Date on which issuer notified: | 06.06.14 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | Below 10% | ||||
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8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | ||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
Ordinary | 5,351,953 Â | 5,086,353 Â | 2,390,107 Â | N/A Â | 2,390,107 Â | N/A Â | 5.409% Â | |||||||||
GB0009296665 Â | ||||||||||||||||
B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to  | % of voting rights xix, xx  | |||||||||||
Nominal | Delta | |||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
2,390,107 | 5.409% | |||||||||||||||
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9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
Cazenove Capital Management Limited 1,696 0.004% Â Schroder Investment Management Limited 2,383,906 5.395% Â Schroder & Co Limited 1,800 0.004% Â Schroder Investment Management North America Limited 2,705 0.006% Â | ||
Proxy Voting: | ||
10. Name of the proxy holder: | ||
11. Number of voting rights proxy holder will ceaseto hold: | ||
12. Date on which proxy holder will cease to holdvoting rights: | ||
13. Additional information: | The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements. This disclosure has been calculated based on issue share capital amount 44,188,108. | |
14. Contact name: | Â Scott Dickenson | |
15. Contact telephone number: | Â 020 7658 6000 | |
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