RS Group PLC

National Storage Mechanism | Additional information

RNS Number : 1168P

Electrocomponents PLC

14 November 2016



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii		Electrocomponents plc
2 Reason for the notification (please tick the appropriate box or boxes):
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
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 the notification obligation: iii	Silchester International Investors LLP
4. Full name of shareholder(s) (if different from 3.):iv	Silchester International Investors 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 on which the threshold is crossed or reached: v	11th November 2016
6. Date on which issuer notified:	14th November 2016
7. Threshold(s) that is/are crossed or reached: vi, vii	18%


8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the 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			% of voting rights x
Direct		Direct xi		Indirect xii	Direct			Indirect
GB0003096442	83,747,859			83,747,859							79,272,023			17.96%


B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii		Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.			% of voting rights
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 financial instrument		Exercise price		Expiration date xvii		Exercise/ Conversion period xviii			Number of voting rights instrument refers to			% of voting rights xix, xx
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
79,272,023								17.96%


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
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A

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 19% 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 441,278,506.
14. Contact name:	Timothy J. Linehan, Chief Compliance Officer
15. Contact telephone number:	0207 518 7125


Note: Annex should only be submitted to the FCA not the issuer
Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation
Full name (including legal form of legal entities)	Silchester International Investors LLP
Contact address (registered office for legal entities)	Time & Life Building 1 Bruton Street, 5th Floor London W1J 6TL
Phone number & email	0207 518 7125, [email protected]
Other useful information (at least legal representative for legal persons)	Attn: Timothy Linehan, Chief Compliance Officer

B: Identity of the notifier, if applicable
Full name	Timothy Linehan, Chief Compliance Officer Silchester International Investors LLP
Contact address	Time & Life Building 1 Bruton Street, 5th Floor London W1J 6TL
Phone number & email	0207 518 7125, [email protected]
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

For notes on how to complete form TR-1 please see the FCA website.

This information is provided by RNS

The company news service from the London Stock Exchange

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