Form 8.5 (EPT/RI) - Spirent Communications Plc

UBS AG (EPT)

07 March 2024

 

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the Code)

1.         KEY INFORMATION

(a) Name of exempt principal trader:	UBS Investment Bank, London
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Spirent Communications plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Spirent Communications plc
(d) Date dealing undertaken:	06 March 2024
(e) In addition to the company in 1(b) above, is the exempt principal trader 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.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
3 1/3p ordinary	Buy	3757619	1.76750        GBP	1.71880        GBP
3 1/3p ordinary	Sell	3313904	1.76750        GBP	1.71880        GBP

(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
3 1/3p ordinary	CFD	Long	69242	1.752022        GBP
3 1/3p ordinary	CFD	Long	3665	1.75748703956344        GBP
3 1/3p ordinary	CFD	Long	9102	1.7567985058229        GBP
3 1/3p ordinary	CFD	Long	8500	1.75        GBP
3 1/3p ordinary	CFD	Long	6450	1.75125953        GBP
3 1/3p ordinary	CFD	Long	12010	1.75696619483764        GBP
3 1/3p ordinary	CFD	Long	46063	1.75508716        GBP
3 1/3p ordinary	CFD	Long	100000	1.7591        GBP
3 1/3p ordinary	CFD	Long	1176	1.757691        GBP
3 1/3p ordinary	CFD	Long	1469	1.756943        GBP
3 1/3p ordinary	CFD	Long	6151	1.7585        GBP
3 1/3p ordinary	CFD	Long	10021	1.75582776170043        GBP
3 1/3p ordinary	CFD	Long	10952	1.755767        GBP
3 1/3p ordinary	CFD	Long	41721	1.750724        GBP
3 1/3p ordinary	CFD	Long	8430	1.749965        GBP
3 1/3p ordinary	CFD	Long	13622	1.753338        GBP
3 1/3p ordinary	CFD	Long	6705	1.75488591        GBP
3 1/3p ordinary	CFD	Long	96162	1.756789        GBP
3 1/3p ordinary	CFD	Long	354	1.752458        GBP
3 1/3p ordinary	CFD	Long	734	1.75597805        GBP
3 1/3p ordinary	CFD	Long	959	1.75624609        GBP
3 1/3p ordinary	CFD	Long	370	1.749919        GBP
3 1/3p ordinary	CFD	Long	10320	1.753914        GBP
3 1/3p ordinary	CFD	Long	60680	1.759        GBP
3 1/3p ordinary	CFD	Long	13227	1.755518        GBP
3 1/3p ordinary	CFD	Long	5295	1.75696619452314        GBP
3 1/3p ordinary	CFD	Short	25520	1.75175        GBP
3 1/3p ordinary	CFD	Short	500158	1.75131251        GBP
3 1/3p ordinary	CFD	Short	12306	1.724824        GBP
3 1/3p ordinary	CFD	Short	29526	1.75911363        GBP
3 1/3p ordinary	CFD	Short	59048	1.760136        GBP
3 1/3p ordinary	CFD	Short	118096	1.755        GBP
3 1/3p ordinary	CFD	Short	118096	1.76264        GBP
3 1/3p ordinary	CFD	Short	118096	1.7583        GBP
3 1/3p ordinary	CFD	Short	2644	1.755743        GBP

(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)

3.         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 principal trader 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 principal trader 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

Date of disclosure:	07 March 2024
Contact name:	Richard Howard
Telephone number:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also 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.

 

END