Form 8.3 - SPIRENT COMMUNICATIONS PLC

Barclays PLC
22 July 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

SPIRENT COMMUNICATIONS PLC

 

relevant securities this form relates:

(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:

19 Jul 2024

(f)

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

NO

 

 

 

disclosures in respect of any other party to the offer?

 

 

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:

 

 

23,407,252

4.05%

692,663

0.12%

(2)

Cash-settled derivatives:

 

 

 

 

 

and/or controlled:

 

 

341,836

0.06%

22,961,409

3.97%

(3)

Stock-settled derivatives (including options)

 

 

 

 

 

and agreements to purchase/sell:

 

 

0

0.00%

0

0.00%

 

 

 

 

 

 

 

 

 

TOTAL:

 

 

23,749,088

4.10%

23,654,072

4.09%

(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 EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

 

 

 

 

 

Class of relevant

Purchase/sale

Number of

Price per unit

security

 

securities

 

3 1/3p ordinary

Purchase

69,000

1.7900  GBP

3 1/3p ordinary

Purchase

53,558

1.7833  GBP

3 1/3p ordinary

Purchase

25,577

1.7837  GBP

3 1/3p ordinary

Purchase

18,769

1.7820  GBP

3 1/3p ordinary

Purchase

9,453

1.7860  GBP

3 1/3p ordinary

Purchase

7,775

1.7807  GBP

3 1/3p ordinary

Purchase

7,089

1.7841  GBP

3 1/3p ordinary

Purchase

5,724

1.7846  GBP

3 1/3p ordinary

Purchase

167

1.8070  GBP

3 1/3p ordinary

Purchase

101

1.7700  GBP

3 1/3p ordinary

Sale

1,632,887

1.7686  GBP

3 1/3p ordinary

Sale

799,829

1.7687  GBP

3 1/3p ordinary

Sale

122,870

1.7809  GBP

3 1/3p ordinary

Sale

52,754

1.7820  GBP

3 1/3p ordinary

Sale

46,881

1.7799  GBP

3 1/3p ordinary

Sale

27,430

1.7785  GBP

3 1/3p ordinary

Sale

15,000

1.7780  GBP

3 1/3p ordinary

Sale

11,044

1.7937  GBP

3 1/3p ordinary

Sale

8,686

1.7814  GBP

3 1/3p ordinary

Sale

900

1.7790  GBP

 

 

 

 

 

 

 

 

(b)

Cash-settled derivative transactions

 

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

 

reference

unit

security

 

 

securities

 

3 1/3p ordinary

SWAP

Opening Short

7,256

1.7848  GBP

3 1/3p ordinary

SWAP

Increasing Long

30,085

1.7799  GBP

3 1/3p ordinary

SWAP

Decreasing Long

14

1.7700  GBP

3 1/3p ordinary

SWAP

Decreasing Long

2,511

1.7869  GBP

3 1/3p ordinary

CFD

Decreasing Short

4,444

1.7798  GBP

3 1/3p ordinary

CFD

Decreasing Short

11,586

1.7818  GBP

3 1/3p ordinary

CFD

Decreasing Short

35,171

1.7819  GBP

3 1/3p ordinary

CFD

Increasing Short

17,034

1.7820  GBP

3 1/3p ordinary

SWAP

Decreasing Short

180

1.7709  GBP

3 1/3p ordinary

SWAP

Increasing Short

75

1.7700  GBP

3 1/3p ordinary

SWAP

Increasing Short

13,946

1.7862  GBP

3 1/3p ordinary

SWAP

Opening Long

13,628

1.7780  GBP

3 1/3p ordinary

SWAP

Opening Short

34,481

1.7816  GBP

3 1/3p ordinary

SWAP

Decreasing Short

11,044

1.7937  GBP

3 1/3p ordinary

SWAP

Decreasing Short

799,829

1.7687  GBP

3 1/3p ordinary

SWAP

Decreasing Short

46,881

1.7799  GBP

3 1/3p ordinary

SWAP

Decreasing Short

38,138

1.7820  GBP

3 1/3p ordinary

SWAP

Decreasing Short

8,686

1.7814  GBP

3 1/3p ordinary

SWAP

Increasing Short

7,775

1.7807  GBP

3 1/3p ordinary

SWAP

Opening Long

22,000

1.7790  GBP

3 1/3p ordinary

SWAP

Increasing Short

12

1.7700  GBP

3 1/3p ordinary

SWAP

Increasing Short

2,620

1.7865  GBP

3 1/3p ordinary

SWAP

Decreasing Long

34,061

1.7851  GBP

3 1/3p ordinary

SWAP

Decreasing Long

69,000

1.7901  GBP

3 1/3p ordinary

SWAP

Decreasing Short

1,632,887

1.7686  GBP

3 1/3p ordinary

SWAP

Decreasing Short

27,430

1.7785  GBP

3 1/3p ordinary

SWAP

Decreasing Short

25,709

1.7820  GBP

 

 

 

 

 

 

 

 

(c)

Stock-settled derivative transactions (including options)

 

(i)

Writing, selling, purchasing or varying

 

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

 

date

money

relevant

 

selling,

securities

per unit

 

 

paid/

security

 

varying etc

to which

 

 

 

received

 

 

 

option

 

 

 

per unit

 

 

 

relates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(ii)

Exercising

 

 

 

 

 

 

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

 

 

securities

unit

 

 

 

 

 

 

 

 

 

 

 

 

 

(d)

Other dealings (including subscribing for new securities)

 

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

 

 

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 exempt principal trader 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 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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