Form 8.3 - Spirent Communications plc

Barclays PLC
22 August 2024
 

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

 positions disclosed, if different from 1(a):

 

(c)

Name of offeror/offeree in relation to whose

 relevant securities this form relates:

SPIRENT COMMUNICATIONS PLC

(d)

If an exempt fund manager connected with an

 offeror/offeree, state this and specify identity of

 offeror/offeree:

 

(e)

Date position held/dealing undertaken:

21 Aug 2024

(f)

In addition to the company in 1(c) above, is the discloser making

 disclosures in respect of any other party to the offer?

NO

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree

 to which the disclosure relates following the dealing(if any)

Class of relevant security:

3 1/3p ordinary


Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

24,932,998

4.31%

1,051,961

0.18%

(2) Cash-settled derivatives:

521,517

0.09%

23,966,510

4.14%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

25,454,515

4.40%

25,018,471

4.32%

(b)

Rights to subscribe for new securities (including directors and

 other executive options)

Class of relevant security in relation to

 which subscription right exists


Details, including nature of the rights

 concerned and relevant percentages:


3.

DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a)

Purchase and sales

Class of relevant

 security

Purchase/sale

Number of

 securities

Price per unit

3 1/3p ordinary

Purchase

68,646

1.7615  GBP

3 1/3p ordinary

Purchase

64,846

1.7603  GBP

3 1/3p ordinary

Purchase

42,560

1.7600  GBP

3 1/3p ordinary

Purchase

21,508

1.7659  GBP

3 1/3p ordinary

Purchase

18,265

1.7660  GBP

3 1/3p ordinary

Purchase

15,919

1.7678  GBP

3 1/3p ordinary

Purchase

8,721

1.7630  GBP

3 1/3p ordinary

Purchase

8,197

1.7700  GBP

3 1/3p ordinary

Purchase

6,492

1.7647  GBP

3 1/3p ordinary

Purchase

4,288

1.7558  GBP

3 1/3p ordinary

Purchase

2,108

1.7599  GBP

3 1/3p ordinary

Purchase

1,840

1.7649  GBP

3 1/3p ordinary

Purchase

934

1.7664  GBP

3 1/3p ordinary

Purchase

202

1.7710  GBP

3 1/3p ordinary

Sale

53,166

1.7600  GBP

3 1/3p ordinary

Sale

50,890

1.7624  GBP

3 1/3p ordinary

Sale

50,359

1.7689  GBP

3 1/3p ordinary

Sale

28,112

1.7695  GBP

3 1/3p ordinary

Sale

19,813

1.7649  GBP

3 1/3p ordinary

Sale

7,147

1.7645  GBP

3 1/3p ordinary

Sale

5,260

1.7699  GBP

3 1/3p ordinary

Sale

2,688

1.7642  GBP

3 1/3p ordinary

Sale

1,931

1.7620  GBP

3 1/3p ordinary

Sale

1,819

1.7709  GBP

3 1/3p ordinary

Sale

1,576

1.7700  GBP

3 1/3p ordinary

Sale

1,398

1.7630  GBP

3 1/3p ordinary

Sale

451

1.7560  GBP

3 1/3p ordinary

Sale

250

1.7568  GBP

3 1/3p ordinary

Sale

4

1.7550  GBP

(b)

Cash-settled derivative transactions

Class of

 relevant

 security

Product  description

Nature of dealing

Number of

 reference

 securities

Price per

 unit

3 1/3p ordinary

SWAP

Opening Short

11,900

1.7651  GBP

3 1/3p ordinary

SWAP

Decreasing Short

19,028

1.7648  GBP

3 1/3p ordinary

SWAP

Increasing Short

4,180

1.7608  GBP

3 1/3p ordinary

CFD

Decreasing Short

1,361

1.7596  GBP

3 1/3p ordinary

CFD

Increasing Short

38,689

1.7600  GBP

3 1/3p ordinary

CFD

Increasing Short

2,544

1.7651  GBP

3 1/3p ordinary

CFD

Increasing Short

1,200

1.7701  GBP

3 1/3p ordinary

SWAP

Increasing Short

8,041

1.7676  GBP

3 1/3p ordinary

SWAP

Decreasing Short

1,790

1.7694  GBP

3 1/3p ordinary

SWAP

Increasing Short

60,756

1.7609  GBP

3 1/3p ordinary

SWAP

Increasing Short

9,400

1.7617  GBP

3 1/3p ordinary

SWAP

Increasing Short

7,500

1.7683  GBP

3 1/3p ordinary

SWAP

Decreasing Short

781

1.7634  GBP

3 1/3p ordinary

SWAP

Decreasing Short

50,359

1.7689  GBP

3 1/3p ordinary

SWAP

Increasing Short

21,508

1.7659  GBP

3 1/3p ordinary

SWAP

Increasing Short

4,835

1.7701  GBP

3 1/3p ordinary

SWAP

Decreasing Short

5,260

1.7699  GBP

3 1/3p ordinary

SWAP

Increasing Short

4,288

1.7558  GBP

3 1/3p ordinary

SWAP

Decreasing Short

53,288

1.7628  GBP

3 1/3p ordinary

SWAP

Decreasing Short

3,119

1.7632  GBP

3 1/3p ordinary

SWAP

Decreasing Short

28,112

1.7695  GBP

3 1/3p ordinary

SWAP

Increasing Short

18,265

1.7661  GBP

3 1/3p ordinary

SWAP

Increasing Short

5,783

1.7691  GBP









(c)

Stock-settled derivative transactions

 (including options)

(i)

Writing, selling, purchasing or varying

Class

 of

 relevant

 security

Product

 description

Writing,

 purchasing,

 selling,

 varying etc

Number

 of

 securities

 to which

 option

 relates

Exercise

 price

 per unit

Type

Expiry

 date

Option

 money

 paid/

 received

 per unit

















(ii)

Exercising

 






Class of relevant

 security

Product description

Exercising/ exercised against

Number of

 securities

Exercise price per

 unit














(d)

Other dealings (including subscribing for

 new securities)

Class of relevant

 security

Nature of Dealings

Details

Price per unit (if

 applicable)





4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

 formal or informal, relating to relevant securities which may be an inducement to deal

 or refrain from dealing entered into by the person making the disclosure and any party

 to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or

 derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

 the person making the disclosure and any other person relating to:

 (i)  the voting rights of any relevant securities under any option; or

 (ii) the voting rights of future acquisition or disposal of any relevant securities to which

 any derivative is referenced:

NONE

(c)

Attachments

 






Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

22 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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