Apex Fundrock Limited Announces Opening Position in Spirent Communications PLC

Apex Fundrock Limited has disclosed its opening position in Spirent Communications Plc, as documented in the latest filing according to the Takeover Code (the “Code”). This move, disclosed on 6 March 2024, showcases a significant interest in Spirent Communications Plc by the MI Chelverton UK Equity Growth Fund, with a 1.28% share in the company, amounting to 7,398,636 ordinary shares of 3.3333p each. This development underlines Apex Fundrock Limited's strategic positioning within the telecommunications sector.

No dealings, purchases, sales, or any form of cash-settled or stock-settled derivative transactions have been reported alongside this disclosure. Furthermore, the document mentions no subscription rights for new securities, indicating a firm stance on the current holding. With neither indemnity nor dealing arrangements reported, this position disclosure stands as a clear indication of Apex Fundrock Limited’s interest and potential influence in Spirent Communications Plc, setting a straightforward path for potential future engagements within the telecommunications market.