Severfield PLC Holding(s) in Company (3595I)
June 16 2017 - 7:59AM
UK Regulatory
TIDMSFR TIDMPRU
RNS Number : 3595I
Severfield PLC
16 June 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
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 X
---------------------------------------------------------- ----------------------------------
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 15 June 2017
and date on
which the threshold is
crossed or
reached: (v)
---------------------------------------------------------- ----------------------------------
6. Date on which issuer 16 June 2017
notified:
---------------------------------------------------------- ----------------------------------
7. Threshold(s) that is/are
crossed or
reached: (vi, vii) 14% - 13%
---------------------------------------------------------- ----------------------------------
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 41,230,604 41,230,604 41,230,604 0 41,230,604 0 13.76%
------------------- ---------------- ---------------- -------------- --------- ------------ ------------ -----------
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 GBP0.025 696,626 0.23%
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
--------------------------------------------------------- ----------------------------------------------------------------
41,927,230 13.99%
--------------------------------------------------------- ----------------------------------------------------------------
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) - 41,927,230 (13.99%)
M&G Group Limited (wholly owned subsidiary of Prudential
plc) - 41,927,230 (13.99%)
M&G Limited (wholly owned subsidiary of M&G Group Limited)
- 41,927,230 (13.99%)
M&G Investment Management Limited (wholly owned subsidiary
of M&G Limited) - 41,927,230 (13.99%)
M&G Securities Limited (wholly owned subsidiary of M&G
Limited) - 38,045,902 (12.70%)
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:
-------------------------------------------------------- ---------------------------
14. Contact name: John Baker / James Todd
M&G Investment Management
Limited
-------------------------------------------------------- ---------------------------
020 7548 2561 / 020 7548
15. Contact telephone number: 2293
-------------------------------------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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