Form 8.3 - Spirent Communications plc

Barclays PLC
20 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

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 Aug 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:

 

 

24,833,177

4.29%

1,103,814

0.19%

(2)

Cash-settled derivatives:

 

 

 

 

 

and/or controlled:

 

 

521,517

0.09%

23,819,995

4.12%

(3)

Stock-settled derivatives (including options)

 

 

 

 

 

and agreements to purchase/sell:

 

 

0

0.00%

0

0.00%

 

 

 

 

 

 

 

 

 

TOTAL:

 

 

25,354,694

4.38%

24,923,809

4.31%

(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

51,368

1.7532  GBP

3 1/3p ordinary

Purchase

50,288

1.7547  GBP

3 1/3p ordinary

Purchase

21,423

1.7550  GBP

3 1/3p ordinary

Purchase

12,166

1.7529  GBP

3 1/3p ordinary

Purchase

4,739

1.7484  GBP

3 1/3p ordinary

Purchase

4,425

1.7493  GBP

3 1/3p ordinary

Purchase

3,964

1.7507  GBP

3 1/3p ordinary

Purchase

3,817

1.7490  GBP

3 1/3p ordinary

Purchase

3,561

1.7492  GBP

3 1/3p ordinary

Purchase

3,425

1.7500  GBP

3 1/3p ordinary

Purchase

2,781

1.7482  GBP

3 1/3p ordinary

Purchase

2,085

1.7518  GBP

3 1/3p ordinary

Purchase

2,040

1.7504  GBP

3 1/3p ordinary

Purchase

1,308

1.7510  GBP

3 1/3p ordinary

Purchase

527

1.7543  GBP

3 1/3p ordinary

Purchase

467

1.7447  GBP

3 1/3p ordinary

Purchase

165

1.7520  GBP

3 1/3p ordinary

Sale

56,135

1.7550  GBP

3 1/3p ordinary

Sale

42,041

1.7547  GBP

3 1/3p ordinary

Sale

28,094

1.7544  GBP

3 1/3p ordinary

Sale

23,999

1.7530  GBP

3 1/3p ordinary

Sale

7,099

1.7499  GBP

3 1/3p ordinary

Sale

3,977

1.7496  GBP

3 1/3p ordinary

Sale

2,693

1.7482  GBP

3 1/3p ordinary

Sale

715

1.7500  GBP

3 1/3p ordinary

Sale

532

1.7501  GBP

3 1/3p ordinary

Sale

467

1.7450  GBP

3 1/3p ordinary

Sale

451

1.7497  GBP

3 1/3p ordinary

Sale

301

1.7510  GBP

3 1/3p ordinary

Sale

123

1.7445  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

13,506

1.7529  GBP

3 1/3p ordinary

SWAP

Increasing Short

8,641

1.7514  GBP

3 1/3p ordinary

CFD

Decreasing Short

27,224

1.7548  GBP

3 1/3p ordinary

CFD

Decreasing Short

44,915

1.7550  GBP

3 1/3p ordinary

CFD

Increasing Short

2,240

1.7508  GBP

3 1/3p ordinary

CFD

Increasing Short

6,628

1.7516  GBP

3 1/3p ordinary

SWAP

Increasing Short

8,622

1.7500  GBP

3 1/3p ordinary

SWAP

Decreasing Short

1,612

1.7492  GBP

3 1/3p ordinary

SWAP

Increasing Short

28,644

1.7547  GBP

3 1/3p ordinary

SWAP

Increasing Short

6,996

1.7544  GBP

3 1/3p ordinary

SWAP

Decreasing Short

2,185

1.7482  GBP

3 1/3p ordinary

SWAP

Decreasing Short

6,884

1.7550  GBP

3 1/3p ordinary

SWAP

Increasing Short

2,040

1.7504  GBP

3 1/3p ordinary

SWAP

Increasing Short

134

1.7510  GBP

3 1/3p ordinary

SWAP

Increasing Short

1,418

1.7498  GBP

3 1/3p ordinary

SWAP

Increasing Short

79

1.7520  GBP

3 1/3p ordinary

SWAP

Decreasing Short

2,233

1.7499  GBP

3 1/3p ordinary

SWAP

Decreasing Short

16,394

1.7527  GBP

3 1/3p ordinary

SWAP

Decreasing Short

6,321

1.7550  GBP

3 1/3p ordinary

SWAP

Increasing Short

3,964

1.7507  GBP

3 1/3p ordinary

SWAP

Increasing Short

5,355

1.7543  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:

20 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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