Form 8.5 (EPT/NON-RI) - Spirent Communications Plc

UBS Asset Management

09 September 2024

 

FORM 8.6

PRIVATE DEALING DISCLOSURE BY AN EXEMPT FUND MANAGER WITH

NO INTERESTS IN SECURITIES REPRESENTING 1% OR MORE IN ANY PARTY

Rule 8.6 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Name of exempt fund manager:	UBS Asset Management *
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a disclosure form for each offeror/offeree	Spirent Communications plc
(c) Name of offeror/offeree with which exempt fund manager is connected:	Spirent Communications plc
(d) Date dealing undertaken:	06 Sep 2024
(e) In addition to the company in 1(b) above, is the exempt fund manager making disclosures in respect of any other party to this offer?      If it is a cash offer or possible cash offer, state "N/A"	No

2.         POSITIONS OF THE EXEMPT FUND MANAGER

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the same offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing

Class of relevant security:	SPIRENT COMMUNICATIONS PLC 3 1/3p Ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	2,104,279	0.37	0	0.00
(2) Cash-settled derivatives:	0	0.00	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	2,104,279	0.37	0	0.00

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)        Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.         DEALINGS BY THE EXEMPT FUND MANAGER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
3 1/3p Ordinary	SALE	14,229	1.733 GBP
	TOTAL SALE	14,229

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4.         OTHER INFORMATION

(a)        Indemnity and other dealing 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 fund manager making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

NONE

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt fund manager 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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

NONE

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	09/09/2024
Contact name:	Mr Richard Howard
Telephone number:	[phone]

Private disclosures under Rule 8 of the Code must be emailed to the Takeover Panel at [e-mail].  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

* this report is on behalf of:

UBS Asset Management (Americas) Inc.

UBS Asset Management (Australia) Ltd

UBS Asset Management (Hong Kong) Limited

UBS Asset Management (Singapore) Ltd

UBS Asset Management (Taiwan) Ltd

UBS Asset Management (UK) Ltd

UBS Asset Management Switzerland AG

UBS Asset Management Trust Company

 

END