TIDMVTC

RNS Number : 9731L

Vitec Group PLC (The)

24 April 2018

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 GBP378.1 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                                       The Vitec Group plc 
  or the underlying issuer 
  of existing shares to which 
  voting rights are attached(ii) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 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                                           x 
  investment manager of the Funds 
-------------------------------------------------------------------------------------  ------------- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                               Alantra Asset Management, 
                                                     SGIIC, S.A. 
 City and country of registered                     Madrid, Spain 
  office (if applicable) 
 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                     April 19(th) , 2018 
  was crossed or reached(vi) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified                   April 23(th) 2018 
  (DD/MM/YYYY): 
-------------------------------------------------  ------------------------------------------------- 
 7. Total positions of person(s) subject to the notification 
  obligation 
---------------------------------------------------------------------------------------------------- 
                               % of voting            % of voting        Total of       Total number 
                              rights attached       rights through       both in %       of voting 
                                 to shares             financial        (8.A + 8.B)      rights of 
                                 (total of            instruments                        issuer(vii) 
                                   8. A)               (total of 
                                                      8.B 1 + 8.B 
                                                          2) 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 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 reached(viii) 
-------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------------- 
 Class/type              Number of voting rights(ix)            % of voting rights 
  of 
  shares 
  ISIN code 
  (if possible) 
---------------------- 
                                Direct            Indirect                 Direct                  Indirect 
                               (Art 9 of          (Art 10 of              (Art 9 of               (Art 10 of 
                               Directive          Directive               Directive                Directive 
                             2004/109/EC)        2004/109/EC)            2004/109/EC)            2004/109/EC) 
                               (DTR5.1)           (DTR5.2.1)               (DTR5.1)               (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       Expiration             Exercise/       Number of voting                % of voting 
  instrument              date(x)                Conversion      rights that                     rights 
                                                 Period(xi)      may be acquired 
                                                                 if the instrument 
                                                                 is 
                                                                 exercised/converted. 
----------------------  ---------------------  --------------  ------------------------------  --------------- 
 
 
 
                                                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                Expiration              Exercise/       Physical           Number       % of voting 
  financial              date(x)                Conversion      or cash             of voting    rights 
  instrument                                    Period          settlement(xii)     rights 
                                                (xi) 
---------------------  ----------------------  --------------  -----------------  -----------  --------------- 
 
 
 
                                                                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) 
  issuer(xiii) 
 Full chain of controlled undertakings through which                       x 
  the voting rights and/or the 
  financial instruments are effectively held starting 
  with the ultimate controlling natural person or 
  legal entity(xiv) (please add additional rows as 
  necessary) 
---------------------------------------------------------------  --------------------- 
      Name(xv)           % of voting          % of voting            Total of both 
                         rights if it        rights through           if it equals 
                         equals or is     financial instruments       or is higher 
                         higher than          if it equals         than the notifiable 
                        the notifiable        or is higher              threshold 
                          threshold        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 information(xvi) 
-------------------------------------------------------------------------------------- 
 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                         The Vitec Group plc 
  or the underlying issuer 
  of existing shares to which 
  voting rights are attached(ii) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 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 obligation(iv) 
 Name                                               Alantra Partners, S.A. 
 City and country of registered                     Madrid, Spain 
  office (if applicable) 
 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                     April 19(th) , 2018 
  was crossed or reached(vi) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified                   April 23(th) 2018 
  (DD/MM/YYYY): 
-------------------------------------------------  ------------------------------------------------- 
 7. Total positions of person(s) subject to the notification 
  obligation 
---------------------------------------------------------------------------------------------------- 
                         % of voting                % of voting       Total of          Total number 
                          rights attached           rights through     both in %         of voting 
                          to shares                 financial          (8.A + 8.B)       rights of 
                          (total of                 instruments                          issuer(vii) 
                          8. A)                     (total of 
                                                    8.B 1 + 8.B 
                                                    2) 
----------------------  -------------------------  ----------------  ----------------  ------------- 
 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 reached(viii) 
-------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
-------------------------------------------------------------------------------------------------------------- 
 Class/type              Number of voting rights(ix)            % of voting rights 
  of 
  shares 
  ISIN code 
  (if possible) 
---------------------- 
                         Direct                 Indirect        Direct                          Indirect 
                          (Art 9 of              (Art 10 of      (Art 9 of                       (Art 10 of 
                          Directive              Directive       Directive                       Directive 
                          2004/109/EC)           2004/109/EC)    2004/109/EC)                    2004/109/EC) 
                          (DTR5.1)               (DTR5.2.1)      (DTR5.1)                        (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       Expiration             Exercise/       Number of voting                % of voting 
  instrument              date(x)                Conversion      rights that                     rights 
                                                 Period(xi)      may be acquired 
                                                                 if the instrument 
                                                                 is 
                                                                 exercised/converted. 
----------------------  ---------------------  --------------  ------------------------------  --------------- 
 
 
 
                                                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                Expiration              Exercise/       Physical           Number       % of voting 
  financial              date(x)                Conversion      or cash             of voting    rights 
  instrument                                    Period          settlement(xii)     rights 
                                                (xi) 
---------------------  ----------------------  --------------  -----------------  -----------  --------------- 
 
 
 
                                                                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) 
  issuer(xiii) 
 Full chain of controlled undertakings through which               x 
  the voting rights and/or the 
  financial instruments are effectively held starting 
  with the ultimate controlling natural person or 
  legal entity(xiv) (please add additional rows as 
  necessary) 
----------------------------------------------------------------  --------------------- 
 Name(xv)               % of voting       % of voting              Total of both 
                         rights if it      rights through           if it equals 
                         equals or is      financial instruments    or is higher 
                         higher than       if it equals             than the notifiable 
                         the notifiable    or is higher             threshold 
                         threshold         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 information(xvi) 
--------------------------------------------------------------------------------------- 
 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 
---------------------  --------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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