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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
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1. Identity of the issuer or the underlying issuer |
Spirent Communications plc |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
X |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify):
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3. Full name of person(s) subject to the |
Prudential plc group of companies |
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4. Full name of shareholder(s) |
Prudential plc The Prudential Assurance Company Limited M&G Group Limited M&G Limited M&G Investment Management Limited
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5. Date of the transaction and date on |
22 November 2016 |
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6. Date on which issuer notified: |
23 November 2016 |
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7. Threshold(s) that is/are crossed or |
See item 13 |
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8. Notified details: |
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A: Voting rights attached to shares viii, ix |
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights x |
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Direct |
Direct xi |
Indirect xii |
Direct |
Indirect |
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ORD GBP0.03333 GB0004726096 |
60,294,556 |
60,294,556 |
59,773,239 |
0 |
59,773,239 |
0 |
9.77% |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
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ORD GBP0.03333 GB0004726096 (Right of Recall) |
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1,939,521 |
0.31% |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
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Resulting situation after the triggering transaction |
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Type of financial |
Exercise price |
Expiration date xvii |
Exercise/ |
Number of voting rights instrument refers to
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% of voting rights xix, xx
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Nominal |
Delta |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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61,712,760 |
10.08% |
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9. Chain of controlled undertakings through which the voting rights and/or the |
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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) - 61,712,160 (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%) |
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Proxy Voting: |
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10. Name of the proxy holder: |
N/A |
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11. Number of voting rights proxy holder will cease |
N/A |
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12. Date on which proxy holder will cease to hold |
N/A |
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The non-exempt indirect holdings for Prudential plc have moved from 8% to a 7% notifiable interest excluding the right of recall under the Qualifying Financial Instruments.
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14. Contact name: |
Owen Smith / John Baker M&G Investment Management Limited |
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15. Contact telephone number: |
020 7004 4517 / 020 7548 2561 |
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C: Additional information |
Contact at Issuer: Michelle Balch, Deputy Company Secretary, Spirent Communications plc Telephone: 01293 767676 |