Apex Fundrock Limited Discloses Stake in Spirent Communications PLC

Apex Fundrock Limited has made a notable disclosure regarding its stake in Spirent Communications PLC, a prominent entity in the telecommunications sector. According to the latest filing under Form 8.3, the disclosure comes following the requirements of the Takeover Code, specifically Rule 8.3 that mandates the revelation of interests in relevant securities representing 1% or more.

The disclosure identified Chelverton Asset Management as the discloser, further noting that the MI Chelverton UK Equity Growth Fund and Bayerninvest WG Bifonds are the actual controllers of the disclosed interests. The report specified that this stake pertains to Spirent Communications PLC’s ordinary shares, signifying a direct interest in the company’s ongoing operations and potential future developments.

The filing, dated 28 March 2024, details that Chelverton Asset Management holds a total interest of 6,850,000 ordinary shares in Spirent Communications PLC. This amounts to approximately 1.13% of the company's issued share capital, marking a significant position. Furthermore, the document outlined a recent transaction involving the sale of 275,000 ordinary shares at a price of 2.00400p per unit, indicating active engagement with the securities of Spirent Communications PLC by Apex Fundrock Limited.

With no additional disclosures in respect of other parties to an offer and no agreements, arrangements, or understandings related to the securities disclosed, the filing represents an ongoing interest and active transaction strategy by Apex Fundrock Limited in the realm of Spirent Communications PLC.