Apex Fundrock Limited Announces Investment in Spirent Communications plc

Chelverton Asset Management, operating under the banner of Apex Fundrock Limited, has disclosed an ownership stake exceeding 1% in Spirent Communications PLC, as per the latest Form 8.3 filing. The position was reported on 11 April 2024, indicating a significant interest in the company specialized in communications technology.

According to the disclosure, Chelverton Asset Management controls a total of 6,200,000 ordinary shares in Spirent Communications, translating to a 1.07% stake in the company. This strategic investment underscores the asset management firm's confidence in Spirent's business model and its future prospects within the telecommunications sector.

The report further details a recent transaction where 400,000 shares of Spirent Communications were sold at a price of 1.96p per unit on 10 April 2024. This move forms part of Chelverton Asset Management’s investment strategy, showcasing active portfolio management concerning its holdings in Spirent Communications.

Additionally, the disclosure outlines that there are no current agreements, arrangements, or understandings relating to the voting rights of Spirent Communications’ securities or any future acquisition or disposal of the securities. This transparency is crucial for the market, providing clear insights into Apex Fundrock Limited’s investment maneuvers.