Holding(s) in Company

RNS Number : 7071B

Spirent Communications PLC

05 April 2017

 

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				X
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):
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	04 April 2017
6. Date on which issuer notified:	05 April 2017
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

61,099,534

61,099,534

61,705,268

0

61,705,268

0

10.08%

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)

104,349

0.02%

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

61,809,617

10.10%

 

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) - 61,809,617 (10.10%) The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc) - 50,689,156 (8.28%) M&G Group Limited (wholly owned subsidiary of Prudential plc) - 61,809,617 (10.10%) M&G Limited (wholly owned subsidiary of M&G Group Limited) - 61,809,617 (10.10%) M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) - 61,809,617 (10.10%)
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 from 9% to a 10% indirect notifiable interest excluding the right of recall under the Qualifying Financial Instruments.
14. Contact name:	Owen Smith / John Baker M&G Investment Management Limited
15. Contact telephone number:	020 7004 4517 / 020 7548 2561

C: Additional information

Contact at Issuer: Michelle Balch, Deputy Company Secretary, Spirent Communications plc Telephone: [phone]

 

END

 

 

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