BRUSSELS, Belgium, Dec. 23, 2014 (GLOBE NEWSWIRE) -- Pursuant to the Belgian Law of May 2, 2007 relating to the publication of major shareholdings in listed companies, Delhaize Group has received a notification of the threshold of 10% being crossed downwards by Silchester International Investors LLP which owned 9.97% of Delhaize Group's voting rights as of December 17, 2014.
On December 18, 2014, Silchester International Investors LLP notified Delhaize Group that as of December 17, 2014 Silchester International Investors LLP owned 10 239 515 Delhaize Group shares, representing 9.97% of its voting rights. According to their previous notification received on September 17, 2013, Silchester International Investors LLP owned 10 236 725 shares, which then represented 10.03% of Delhaize Group's voting rights.
Silchester International Investors LLP is controlled by Silchester Partners Limited, which holds over 90% of its capital interests. Stephen C. Butt, Silchester's Chairman and Chief Investment Officer, and his family control approximately 50.5% of the shares of Silchester Partners Limited.
Silchester International Investors LLP acts as the fully discretionary investment manager for a number of funds, such as Silchester International Investors International Value Equity Taxable Trust, Silchester International Investors International Value Equity Group Trust, Silchester International Investors Tobacco Free International Value Equity Trust, Silchester International Investors International Value Equity Trust and The Cavella Trust.
Silchester International Investors LLP has sole and exclusive proxy voting authority over the Delhaize Group voting rights that are the subject of this disclosure. The notification mentioned however that Silchester International Investors LLP does not act as custodian, and therefore the Delhaize Group shares are not held in its name.
» Delhaize Group
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of the third quarter of 2014, Delhaize Group's sales network consisted of 3 386 stores. In 2013, Delhaize Group posted €20.9 billion ($27.8 billion) in revenues and €179 million ($237 million) in net profit (Group share). At June 30, 2014, Delhaize Group employed approximately 152 500 people. Delhaize Group's stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).
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