Spirent Communications PLC Holding(s) in Company (6435O)

TIDMSPT TIDMPRU

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                                       Spirent Communications plc 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
-----------------------------------------------------------------------  --------------------------------------------- 
 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 
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 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
-------------------------------------------------------------------------  ------------------------------------------- 
 An event changing the breakdown of voting rights 
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 Other (please specify): 'To reflect both the % of 'Voting rights                               X 
  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. 
-------------------------------------------------------------------------  ------------------------------------------- 
 3. Full name of person(s) subject                                           Prudential plc group of companies 
  to the 
  notification obligation: (iii) 
-------------------------------------------------------------------  ------------------------------------------------- 
 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                                                  27 October 2016 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
-------------------------------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified:                                                    07 November 2016 
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 7. Threshold(s) that is/are crossed                                                    See item 13 
  or 
  reached: (vi, vii) 
-------------------------------------------------------------------  ------------------------------------------------- 
 
 
 
 8. Notified details: 
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 A: Voting rights attached to shares (viii, ix) 
--------------------------------------------------------------------------------------------------------------------------- 
 Class/type           Situation previous                 Resulting situation after the triggering 
  of                   to the triggering                  transaction 
  shares               transaction 
 
  if possible 
  using 
  the ISIN CODE 
-------------------  ---------------------------------  ------------------------------------------------------------------- 
                      Number           Number            Number          Number of voting        % of voting rights 
                       of               of                of shares       rights                  (x) 
                       Shares           Voting 
                                        Rights 
-------------------  ---------------  ----------------  --------------  ----------------------  --------------------------- 
                                                         Direct          Direct     Indirect     Direct        Indirect 
                                                                         (xi)        (xii) 
-------------------      -----------    ------------    --------------  ---------  -----------  ------------  ------------- 
   ORD GBP0.03333 
    GB0004726096        64,310,980       64,310,980       61,159,986        0       61,159,986        0           9.99% 
-------------------  ---------------  ----------------  --------------  ---------  -----------  ------------  ------------- 
 
 B: Qualifying Financial Instruments 
--------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------------------- 
 Type of financial        Expiration     Exercise/                         Number of voting          % of voting 
  instrument               date (xiii)    Conversion Period                 rights that may           rights 
                                          (xiv)                             be 
                                                                            acquired if the 
                                                                            instrument is 
                                                                            exercised/ converted. 
-----------------------  -------------  --------------------------------  ------------------------  ----------------------- 
     ORD GBP0.03333                                                                552,774                   0.09% 
      GB0004726096 
    (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 rights 
  instrument             price         date (xvii)     Conversion       rights instrument           (xix, xx) 
                                                       period           refers to 
                                                       (xviii) 
---------------------  -------------  --------------  --------------  --------------------------  ------------------------- 
                                                                                                   Nominal       Delta 
---------------------  -------------  --------------  --------------  --------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
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 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: 
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 10. Name of the proxy holder:                                                               N/A 
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 11. Number of voting rights proxy holder will                                               N/A 
  cease 
  to hold: 

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 12. Date on which proxy holder will cease to                                                N/A 
  hold 
  voting rights: 
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  13. Additional information:                                               Prudential plc has moved below a 10% 
                                                                            indirect notifiable interest, excluding 
                                                                            the right of recall under the Qualifying 
                                                                            Financial Instruments. 
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 14. Contact name:                                                        Owen Smith / John Baker / James Todd 
                                                                           M&G Investment Management Limited 
-----------------------------------------------------------------------  ------------------------------------------- 
                                                                          020 7004 4517 / 020 7548 2561 / 020 
 15. Contact telephone number:                                             7548 2293 
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 C: Additional information 
--------------------------------------------------------------------- 
 Contact at Issuer: Michelle Balch, Deputy Company Secretary, Spirent 
  Communications plc 
  Telephone: [phone] 
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This information is provided by RNS

The company news service from the London Stock Exchange

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November 08, 2016 09:14 ET (14:14 GMT)