Electrocomponents PLC Holding(s) in Company (0848I)
June 14 2017 - 7:11AM
UK Regulatory
TIDMECM
RNS Number : 0848I
Electrocomponents PLC
14 June 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or the underlying Electrocomponents plc
issuer LEI: 549300KVXDURRKVW7R37
of existing shares to which voting rights
are
attached: (ii)
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2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights X
----------------------------------------------------------------------------- -----------------------------------------
An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached
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An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
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An event changing the breakdown of voting rights
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Other (please
specify):
------------------------------------------------------------------- -------- -----------------------------------------
3. Full name of person(s) subject Silchester International Investors
to the LLP
notification obligation: (iii)
--------------------------------------------------------------------- -------------------------------------------------
4. Full name of shareholder(s) Silchester International Investors
(if different from 3.):(iv) International Value Equity Taxable
Trust
Silchester International Investors
International Value Equity Trust
Silchester International Investors
International Value Equity Group Trust
Silchester International Investors
Tobacco Free International Value Equity
Trust
The Calleva Trust
--------------------------------------------------------------------- -------------------------------------------------
5. Date of the transaction and date 13(th) June 2017
on
which the threshold is crossed
or
reached: (v)
--------------------------------------------------------------------- -------------------------------------------------
6. Date on which issuer notified: 14(th) June 2017
--------------------------------------------------------------------- -------------------------------------------------
7. Threshold(s) that is/are crossed Below 12%
or
reached: (vi, vii)
--------------------------------------------------------------------- -------------------------------------------------
8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- ---------------------------------- -------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights (x)
Shares Voting
Rights
------------- ---------------- ---------------- -------------- ---------------------- ---------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ------------ ------------ -------------- --------- ----------- ------------ -------------
GB0003096442 57,367,320 57,367,320 52,850,989 11.97%
---------------- ---------------- -------------- --------- ----------- ------------ -------------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date (xiii) Conversion Period rights that may rights
instrument (xiv) be
acquired if the
instrument is
exercised/ converted.
----------------- -------------- -------------------------------- ------------------------ -----------------------
N/A N/A N/A N/A N/A
----------------- -------------- -------------------------------- ------------------------ -----------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
--------------- -------------- -------------- ---------------- ------------------------ -------------------------
N/A N/A N/A N/A N/A Nominal Delta
--------------- -------------- -------------- ---------------- ------------------------ ------------ -----------
N/A N/A
------------- ------------ ------------ ------------ ------- ----------- ------------ -----------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------- -----------------------------------------------------------------
52,850,989 11.97%
--------------------------------------------------- -----------------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
--------------------------------------------------------------------------------------------------
N/A
Proxy Voting:
--------------------------------------------------------------------------------------------------
10. Name of the proxy holder: Silchester International
Investors LLP
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11. Number of voting rights proxy holder will N/A
cease
to hold:
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12. Date on which proxy holder will cease to N/A
hold
voting rights:
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13. Additional information: Silchester International Investors
LLP ("Silchester") acts as investment
manager for the clients detailed in
Question 4 above (our "Clients").
In acting for our Clients, Silchester
are given full discretion over their
investments and are empowered to vote
on their behalf. However, we do not
act as our Clients' custodian and
therefore shares are not held in our
name but in the name of each Client's
custodian bank.
The change in Silchester's holdings
was due to a series of transactions
over a series of different trading
days. Details of the number of shares
held before the change (shown in Section
A) represent the shares held by Silchester's
clients as of the date of our last
Notice of Substantial Shareholder's
Interest (a notification of crossing
below 14% of Electrocomponent's voting
rights) and not as of the last trading
day before which this disclosure was
triggered.
Notification is provided based on
a total voting rights figure of 441,551,793.
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14. Contact name: Timothy J. Linehan, Senior Partner
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15. Contact telephone number: 0207 518 7125
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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