REG - ElectrocomponentsPrudential PLC - Holding(s) in Company


Released: 28/01/2010
 
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RNS Number : 2838G
Electrocomponents PLC
28 January 2010 
 
                                                                                                                                                                                                     
                                                                                                                                                                                                     
                                                                                                                                                                  
 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                                                      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 thenotification obligation: iii                                                                                             Prudential plc group of companies  
 4. Full name of shareholder(s)  (if different from 3.):iv                                                                                                                                           
 5. Date of the transaction and date onwhich the threshold is crossed orreached: v                                                                                26 January 2010                    
 6. Date on which issuer notified:                                                                                                                                27 January 2010                    
 7. Threshold(s) that is/are crossed orreached: vi, vii                                                                                                           See item 13                        
 
 
7. Threshold(s) that is/are crossed orreached: vi, vii 
 
See item 13 
 
 8. Notified details:                                                                               
 A: Voting rights attached to shares viii, ix                                                       
 Class/type ofsharesif 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                                      
 GB0003096442                                                                                       29,267,888                                      29,267,888                                            28,617,888                                                                           28,617,888                                                                6.57%    
                                                                                                    
 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                     
 28,617,888                                                                                         6.57%                                           
 
 
 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi                                                                                                                                                                          
 Prudential plc (parent Company)M&G Group Limited (wholly owned subsidiary of Prudential plc)M&G Limited (wholly owned subsidiary of M&G Group Limited)M&G Investment Management Limited (wholly owned subsidiary of M&G Limited)The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc)  
                                                                                                                                                                                                                                                                                                                       
 Proxy Voting:                                                                                                                                                                                                                                                                                                         
 10. Name of the proxy holder:                                                                                                                                                                                                                                                                                         N/A                                                                                                          
 11. Number of voting rights proxy holder will ceaseto hold:                                                                                                                                                                                                                                                           N/A                                                                                                          
 12. Date on which proxy holder will cease to holdvoting rights:                                                                                                                                                                                                                                                       N/A                                                                                                          
                                                                                                                                                                                                                                                                                                                       
 13. Additional information:                                                                                                                                                                                                                                                                                           As per 5.1.2, the non-exempt holdings for Prudential plc has dropped below 4% triggering this notification.  
 14. Contact name:                                                                                                                                                                                                                                                                                                     Ian Haslegrave                                                                                               
 15. Contact telephone number:                                                                                                                                                                                                                                                                                         01865 207491                                                                                                 
 16. Date:                                                                                                                                                                                                                                                                                                             28 January 2010                                                                                              
 
 
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