RNS Number : 7320A

Severfield PLC

09 June 2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii		Severfield plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
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
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii	Prudential plc group of companies
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 and date on which the threshold is crossed or reached: v	07 June 2016
6. Date on which issuer notified:	08 June 2016
7. Threshold(s) that is/are crossed or reached: vi, vii	14% - 15%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

ORD GBP0.025 GB00B27YGJ97

44,340,025

44,340,025

44,590,025

0

44,590,025

0

14.99%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

ORD GBP0.025 GB00B27YGJ97 (Right of Recall)

53,908

0.01%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

44,643,933

15.00%

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) - 44,643,933 (15.00%) M&G Group Limited (wholly owned subsidiary of Prudential plc) - 44,643,933 (15.00%) M&G Limited (wholly owned subsidiary of M&G Group Limited) - 44,643,933 (15.00%) M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) - 44,643,933 (15.00%) M&G Securities Limited (wholly owned subsidiary of M&G Limited) - 40,213,416 (13.51%)
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:
14. Contact name:	John Baker / Owen Smith / James Todd M&G Investment Management Limited
15. Contact telephone number:	020 7548 2561 / 020 7004 4517 / 020 7548 2293

This information is provided by RNS

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