Delhaize Discloses Major Shareholding By Silchester International - Quick Facts

(RTTNews) - Belgian food retailer Delhaize Group (DEG) Tuesday said it has received a notification of the threshold of 10 percent being crossed downwards by Silchester International Investors LLP which owned 9.97 percent of Delhaize Group's voting rights as of December 17.

On December 18, Silchester International notified Delhaize Group that as of December 17, it owned 10,239,515 Delhaize Group shares, representing 9.97 percent of its voting rights. According to their previous notification received on September 17, 2013, Silchester International owned 10,236,725 shares, which then represented 10.03 percent of Delhaize Group's voting rights.

Silchester International is controlled by Silchester Partners Limited, which holds over 90 percent of its capital interests. Stephen Butt, Silchester's Chairman and Chief Investment Officer, and his family control approximately 50.5 percent of the shares of Silchester Partners Limited.

Delhaize Group noted that Silchester International has sole and exclusive proxy voting authority over the Delhaize Group voting rights that are the subject of this disclosure.