TIDMSPT TIDMPRU

RNS Number : 2289R

Spirent Communications PLC

07 December 2016

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
---------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                          Spirent Communications 
  the underlying issuer                                                          plc 
  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 
                                                                 The Prudential Assurance Company 
                                                                             Limited 
                                                                        M&G Group Limited 
                                                                           M&G Limited 
                                                                    M&G Investment Management 
                                                                             Limited 
---------------------------------------------------------  ----------------------------------------- 
 5. Date of the transaction                                             06 December 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ----------------------------------------- 
 6. Date on which issuer                                                07 December 2016 
  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                % of voting 
                       of                of                of shares       voting                   rights (x) 
                       Shares            Voting                            rights 
                                         Rights 
-------------------  ----------------  ----------------  --------------  -----------------------  ------------------------- 
                                                          Direct          Direct     Indirect      Direct        Indirect 
                                                                          (xi)        (xii) 
-------------------      ------------    ------------    --------------  ---------  ------------  ------------  ----------- 
   ORD GBP0.03333 
    GB0004726096        59,803,749        59,803,749       60,251,149        0       60,251,149         0          9.85% 
-------------------  ----------------  ----------------  --------------  ---------  ------------  ------------  ----------- 
 
 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 GBP0.03333                                                                1,461,611                  0.23% 
      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 
  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 
---------------------------------------------------------------------  ---------------------------------------------------- 
 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: 
--------------------------------------------------------------------------------------------- 
 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:                                The non-exempt indirect holdings 
                                                             for Prudential plc have moved 
                                                             from 7% to a 8% notifiable 
                                                             interest excluding the right 
                                                             of recall under the Qualifying 
                                                             Financial Instruments. 
 
                                                             The Prudential Assurance 
                                                             Company Limited (wholly owned 
                                                             subsidiary of Prudential 
                                                             plc) has moved from 7% to 
                                                             a 8% notifiable interest 
                                                             excluding the right of recall 
                                                             under the Qualifying Financial 
                                                             Instruments. 
--------------------------------------------------------  ----------------------------------- 
 14. Contact name:                                         Owen Smith / John Baker 
                                                            M&G Investment Management 
                                                            Limited 
--------------------------------------------------------  ----------------------------------- 
                                                           020 7004 4517 / 020 7548 
 15. Contact telephone number:                              2561 
--------------------------------------------------------  ----------------------------------- 
 
 
 
 C: Additional information 
-------------------------------------------------- 
 Contact at Issuer: Michelle Balch, Deputy Company 
  Secretary, Spirent Communications plc 
  Telephone: 01293 767676 
-------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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