Holding(s) in Company

RNS Number : 6435O

Spirent Communications PLC

08 November 2016




TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		Spirent Communications plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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): 'To reflect both the % of 'Voting rights attached to shares' and 'Qualifying Financial Instruments' position held by Prudential plc group of companies as at 28 October, 2016. Due to an erroneous calculation, we missed a disclosure reflecting our % of 'Voting rights attached to shares' position moving below 10% on 27th October, 2016. This issue been rectified however we have since increased our position back over 10% as at 03 November, 2016. Please see the notification made on 7^th November 2016.			X
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Prudential plc group of companies
4. Full name of shareholder(s) (if different from 3.):^iv	Prudential plc The Prudential Assurance Company Limited M&G Group Limited M&G Limited M&G Investment Management Limited
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	27 October 2016
6. Date on which issuer notified:	07 November 2016
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	See item 13

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the 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

% of voting rights ^x

Direct

Direct ^xi

Indirect ^xii

Direct

Indirect

ORD GBP0.03333

GB0004726096

64,310,980

61,159,986

9.99%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

ORD GBP0.03333

GB0004726096

(Right of Recall)

552,774

0.09%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

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

61,712,760

10.08%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: ^xxi
Prudential plc (parent Company) - 61,712,760 (10.08%) The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc) - 50,592,299 (8.27%) M&G Group Limited (wholly owned subsidiary of Prudential plc) - 61,712,760 (10.08%) M&G Limited (wholly owned subsidiary of M&G Group Limited) - 61,712,760 (10.08%) M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) - 61,712,760 (10.08%)

Proxy Voting:
10. Name of the 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:	Prudential plc has moved below a 10% indirect notifiable interest, excluding the right of recall under the Qualifying Financial Instruments.
14. Contact name:	Owen Smith / John Baker / James Todd M&G Investment Management Limited
15. Contact telephone number:	020 7004 4517 / 020 7548 2561 / 020 7548 2293