Holding(s) in Company

RNS Number : 5322H

Spirent Communications PLC

05 November 2008

 



TR-1: Notification of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:		Spirent Communications plc
2. Reason for notification (yes/no)
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify):  Decrease in the number of total voting rights in Spirent Communications plc resulting from the on-going share buy-back programme			Yes
3. Full name of person(s) subject to notification obligation:	Sherborne Strategic Fund A, LLC
4. Full name of shareholder(s) (if different from 3):	Shareholder                                                No of shares Hanover Nominees Limited                         29,644,000
5. Date of transaction (and date on which the threshold is crossed or reached if different):	October 21, 2008
6. Date on which issuer notified:	November 4, 2008
7. Threshold(s) that is/are crossed or reached:	4% Please note, for the purposes of this TR-1 notification, only Sherborne Strategic Fund A, LLC has triggered a new notification obligation under the Disclosure and Transparency Rules. None of Hayden Investors Partners, LLC, Hayden Investors Partners II, LLC or Sherborne Strategic Fund B, LLC, nor the aggregated holdings of Sherborne Investors LP, Sherborne Investors GP, LLC, Craig L. McKibben, Gerard L. Eastman, Jr. or Edward Bramson has reached, exceeded or fallen below a relevant threshold as a result of Spirent Communications plc's recent share buy-back programme.

8. Notified Details
A: Voting rights attached to shares
Class/type of shares If possible use 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		Percentage of voting rights
			Direct	Direct	Indirect	Direct	Indirect
ISIN: GB0004726096	29,644,000	29,644,000	29,644,000	29,644,000	N/A	4.07%	N/A

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ conversion period/date	No. of voting rights that may be acquired (if the instrument is exercised/converted)	Percentage of voting rights
N/A	N/A	N/A	N/A	N/A

Total (A+B)
Number of voting rights	Percentage of voting rights
29,644,000	4.07%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

N/A

Proxy Voting:
10. Name of proxy holder:	N/A
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:	Sherborne Investors LP is the managing member of each of Hayden Investors Partners, LLC, Hayden Investors Partners II, LLC, Sherborne Strategic Fund A, LLC and Sherborne Strategic Fund B, LLC. Through these entities, Sherborne Investors LP continues to be an indirect owner of an aggregated 17.87% of the total voting rights of Spirent Communications plc as of the most recent TVR announcement.
14 Contact name:	Craig L. McKibben
15. Contact telephone name:	[phone]

Additional information

Contact at Issuer: Michael Anscombe, Company Secretary, Spirent Communications plc Telephone: [phone]

 

END

 

 

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