Severfield PLC Holding(s) in Company (6585U)

TIDMSFR

RNS Number : 6585U

Severfield PLC

19 January 2017

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
--------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                          Severfield Plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------------  ------------------------------ 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
--------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                    X 
-----------------------------------------------------------------  -------------------------- 
 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): 
---------------------------------------------------------------    -------------------------- 
 3. Full name of person(s)                                      M&G Investment Funds (3) 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s)                                 State Street Nominees Ltd 
  (if different from 3.):(iv)                                            A/C GMIQ 
---------------------------------------------------------  ---------------------------------- 
 5. Date of the transaction                                          18 January 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ---------------------------------- 
 6. Date on which issuer                                             19 January 2017 
  notified: 
---------------------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are                                            13% - 12% 
  crossed or                                                           See item 13 
  reached: (vi, vii) 
---------------------------------------------------------  ---------------------------------- 
 For filings with the FCA 
  include the annex 
 For filings with issuer exclude 
  the annex 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                   Resulting situation after the 
  of             to the triggering                    triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  -----------------------------------  ------------------------------------------------------------------ 
                Number            Number             Number          Number of                % of voting 
                 of                of                 of shares       voting                   rights (x) 
                 Shares            Voting                             rights 
                                   Rights 
-------------  ----------------  -----------------  --------------  -----------------------  ------------------------- 
                                                     Direct          Direct     Indirect      Direct        Indirect 
                                                                     (xi)        (xii) 
-------------      ------------    -------------    --------------  ---------  ------------  ------------  ----------- 
 ORD GBP0.025 
 GB00B27YGJ97     38,894,051         38,894,051       38,843,226        0       38,843,226         0          12.99% 
-------------  ----------------  -----------------  --------------  ---------  ------------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration      Exercise/                          Number of voting           % of voting 
 financial           date            Conversion                         rights that                rights 
 instrument          (xiii)          Period (xiv)                       may be 
                                                                        acquired if 
                                                                        the 
                                                                        instrument 
                                                                        is 
                                                                        exercised/ 
                                                                        converted. 
-----------------  --------------  ---------------------------------  -------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise        Expiration       Exercise/         Number of voting           % of voting 
 financial         price          date             Conversion         rights instrument          rights (xix, 
 instrument                       (xvii)           period             refers to                  xx) 
                                                   (xviii) 
---------------  --------------  ---------------  ----------------  -------------------------  ----------------------- 
                                                                                                Nominal       Delta 
---------------  --------------  ---------------  ----------------  -------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                               Percentage of voting rights 
----------------------------------------------------  ---------------------------------------------------------------- 
 38,843,226                                            12.99% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
--------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                            N/A 
-------------------------------------------------------  ------------------------------------ 
 11. Number of voting rights proxy                                        N/A 
  holder will cease 
  to hold: 
-------------------------------------------------------  ------------------------------------ 
 12. Date on which proxy holder will                                      N/A 
  cease to hold 
  voting rights: 
-------------------------------------------------------  ------------------------------------ 
 
                                                          With reference to item 3, 
  13. Additional information:                              M&G Investment Funds (3) 
                                                           is an Open Ended Investment 
                                                           Company (OEIC) and is not 
                                                           a Prudential group company 
                                                           and must be separately disclosed. 
                                                           This OEIC Fund is managed 
                                                           by M&G Investment Management 
                                                           Limited (a wholly owned subsidiary 
                                                           of Prudential plc) and will 
                                                           have been previously attributed 
                                                           to Prudential plc solely 
                                                           on the basis that M&G Investment 
                                                           Management Ltd has direct 
                                                           fund management control over 
                                                           the shares identified in 
                                                           this notification. 
-------------------------------------------------------  ------------------------------------ 
 14. Contact name:                                        John Baker / Owen Smith / 

                                                           James Todd 
                                                           M&G Investment Management 
                                                           Limited 
-------------------------------------------------------  ------------------------------------ 
                                                          020 7548 2561 / 020 7004 
 15. Contact telephone number:                             4517 / 020 7548 2293 
-------------------------------------------------------  ------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 19, 2017 11:26 ET (16:26 GMT)