BRUSSELS, Belgium, May 11, 2016 (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 3% being crossed downwards by Silchester International Investors LLP which owned 2.96% of Delhaize Group's voting rights as of May 5, 2016.
On May 6, 2016, Silchester International Investors LLP notified Delhaize Group that as of May 5, 2016 Silchester International Investors LLP owned 3 096 739 Delhaize Group shares, representing 2.96% of its voting rights. The denominator is 104 536 363 shares. According to their previous notification received on January 22, 2016, Silchester International Investors LLP owned 5 179 425 shares, which then represented 4.98% 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 51.5% 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 2015, Delhaize Group's sales network consisted of 3 512 stores. In 2015, Delhaize Group posted €24.4 billion ($27.1 billion) in revenues. In 2015, Delhaize Group posted €366 million ($407 million) in net profit (Group share). At the end of 2015, Delhaize Group employed approximately 154 000 people. Delhaize Group's stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).
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