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SFR Severfield Plc

54.80
-3.00 (-5.19%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Severfield Plc LSE:SFR London Ordinary Share GB00B27YGJ97 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00 -5.19% 54.80 55.20 56.40 60.00 55.00 60.00 433,980 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Structural Steel Erection 493.61M 21.57M 0.0697 7.89 170.25M

Severfield PLC Holding(s) in Company (3614X)

20/02/2017 4:23pm

UK Regulatory


TIDMSFR TIDMPRU

RNS Number : 3614X

Severfield PLC

20 February 2017

 
 For filings with the FCA 
  include the annex 
 For filings with issuer 
  exclude the annex 
 
 
 
 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 
---------------------------------------------------------------  ---------------------------------- 
 An acquisition or disposal of qualifying financial                               X 
  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)                                     Prudential plc group of companies 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ---------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv)                                            Prudential plc 
                                                                        M&G Group Limited 
                                                                           M&G Limited 
                                                                    M&G Investment Management 
                                                                             Limited 
                                                                     M&G Securities Limited 
---------------------------------------------------------  ---------------------------------------- 
 5. Date of the transaction                                            17 February 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ---------------------------------------- 
 6. Date on which issuer                                               20 February 2017 
  notified: 
---------------------------------------------------------  ---------------------------------------- 
 7. Threshold(s) that is/are                                              See item 13 
  crossed or 
  reached: (vi, vii) 
---------------------------------------------------------  ---------------------------------------- 
 
 
 
 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 voting         % of voting 
                       of                of                of shares       rights                   rights (x) 
                       Shares            Voting 
                                         Rights 
-------------------  ----------------  ----------------  --------------  -----------------------  ------------------------- 
                                                          Direct          Direct     Indirect      Direct        Indirect 
                                                                          (xi)        (xii) 
-------------------      ------------    ------------    --------------  ---------  ------------  ------------  ----------- 
    ORD GBP0.025 
    GB00B27YGJ97        41,381,530        41,381,530       42,127,230        0       42,127,230         0          14.09% 
-------------------  ----------------  ----------------  --------------  ---------  ------------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of financial        Expiration      Exercise/                         Number of voting           % of voting 
  instrument               date            Conversion                        rights that                rights 
                           (xiii)          Period (xiv)                      may be 
                                                                             acquired if 
                                                                             the 
                                                                             instrument 
                                                                             is 
                                                                             exercised/ 
                                                                             converted. 
-----------------------  --------------  --------------------------------  -------------------------  --------------------- 
      ORD GBP0.025                                                                     0                      0.00% 
      GB00B27YGJ97 
    (Right of Recall) 
-----------------------  --------------  --------------------------------  -------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of financial      Exercise        Expiration      Exercise/         Number of voting           % of voting 
  instrument             price          date            Conversion         rights instrument          rights (xix, 
                                        (xvii)          period             refers to                  xx) 
                                                        (xviii) 
---------------------  --------------  --------------  ----------------  -------------------------  ----------------------- 
                                                                                                     Nominal       Delta 
---------------------  --------------  --------------  ----------------  -------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
--------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                    Percentage of voting rights 
---------------------------------------------------------  ---------------------------------------------------------------- 
 42,127,230                                                 14.09% 
---------------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 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) - 42,127,230 (14.09%) 
                                   M&G Group Limited (wholly owned subsidiary of Prudential 
                                                                 plc) - 42,127,230 (14.09%) 
                                 M&G Limited (wholly owned subsidiary of M&G Group Limited) 
                                                                      - 42,127,230 (14.09%) 
                                 M&G Investment Management Limited (wholly owned subsidiary 
                                                      of M&G Limited) - 42,127,230 (14.09%) 
                                     M&G Securities Limited (wholly owned subsidiary of M&G 
                                                             Limited) - 38,045,902 (12.73%) 
 
 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: 
--------------------------------------------------------  --------------------------------- 
 
 
  13. Additional information:                                Prudential plc has moved 
                                                             from 13% to a 14% indirect 
                                                             notifiable interest, excluding 
                                                             the right of recall under 
                                                             the Qualifying Financial 
                                                             Instruments. We no longer 
                                                             have holdings subject to 
                                                             the Right of Recall. 
--------------------------------------------------------  --------------------------------- 
 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

END

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(END) Dow Jones Newswires

February 20, 2017 11:23 ET (16:23 GMT)

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