Severfield PLC Holding(s) in Company (3614X)
February 20 2017 - 11:23AM
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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