| 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 |
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| positions disclosed, if different from 1(a): | ||||||
| (c) | Name of offeror/offeree in relation to whose | SPIRENT COMMUNICATIONS PLC | |||||
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| relevant securities this form relates: | ||||||
| (d) | If an exempt fund manager connected with an |
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| offeror/offeree, state this and specify identity of | ||||||
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| offeror/offeree: | ||||||
| (e) | Date position held/dealing undertaken: | 20 Feb 2025 | |||||
| (f) | In addition to the company in 1(c) above, is the discloser making | NO |
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| disclosures in respect of any other party to the offer? |
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| 2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing(if any) |
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| Class of relevant security: | 3 1/3p ordinary | ||||||
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| Interests | Short Positions | |||||
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| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
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| and/or controlled: |
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| 45,136,585 | 7.80% | 542,593 | 0.09% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 246,043 | 0.04% | 44,763,024 | 7.74% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 45,382,628 | 7.84% | 45,305,617 | 7.83% |
| (b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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| Class of relevant security in relation to |
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| which subscription right exists |
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| Details, including nature of the rights |
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| concerned and relevant percentages: |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales |
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| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
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| 3 1/3p ordinary | Purchase | 275,050 | 1.8709 GBP | ||||
| 3 1/3p ordinary | Purchase | 100,000 | 1.8673 GBP | ||||
| 3 1/3p ordinary | Purchase | 85,621 | 1.8747 GBP | ||||
| 3 1/3p ordinary | Purchase | 16,742 | 1.8714 GBP | ||||
| 3 1/3p ordinary | Purchase | 15,373 | 1.8725 GBP | ||||
| 3 1/3p ordinary | Purchase | 7,033 | 1.8750 GBP | ||||
| 3 1/3p ordinary | Purchase | 5,676 | 1.8726 GBP | ||||
| 3 1/3p ordinary | Purchase | 3,279 | 1.8680 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,993 | 1.8676 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,965 | 1.8703 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,732 | 1.8700 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,483 | 1.8713 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,483 | 1.8748 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,347 | 1.8665 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,079 | 1.8650 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,005 | 1.8710 GBP | ||||
| 3 1/3p ordinary | Purchase | 1,125 | 1.8655 GBP | ||||
| 3 1/3p ordinary | Purchase | 912 | 1.8705 GBP | ||||
| 3 1/3p ordinary | Purchase | 632 | 1.8670 GBP | ||||
| 3 1/3p ordinary | Purchase | 460 | 1.8735 GBP | ||||
| 3 1/3p ordinary | Purchase | 71 | 1.8687 GBP | ||||
| 3 1/3p ordinary | Sale | 78,726 | 1.8742 GBP | ||||
| 3 1/3p ordinary | Sale | 59,765 | 1.8689 GBP | ||||
| 3 1/3p ordinary | Sale | 48,521 | 1.8750 GBP | ||||
| 3 1/3p ordinary | Sale | 18,496 | 1.8695 GBP | ||||
| 3 1/3p ordinary | Sale | 16,439 | 1.8673 GBP | ||||
| 3 1/3p ordinary | Sale | 15,293 | 1.8715 GBP | ||||
| 3 1/3p ordinary | Sale | 13,161 | 1.8728 GBP | ||||
| 3 1/3p ordinary | Sale | 4,000 | 1.8725 GBP | ||||
| 3 1/3p ordinary | Sale | 3,488 | 1.8683 GBP | ||||
| 3 1/3p ordinary | Sale | 3,433 | 1.8739 GBP | ||||
| 3 1/3p ordinary | Sale | 3,148 | 1.8672 GBP | ||||
| 3 1/3p ordinary | Sale | 2,210 | 1.8700 GBP | ||||
| 3 1/3p ordinary | Sale | 2,082 | 1.8718 GBP | ||||
| 3 1/3p ordinary | Sale | 2,079 | 1.8650 GBP | ||||
| 3 1/3p ordinary | Sale | 1,720 | 1.8660 GBP | ||||
| 3 1/3p ordinary | Sale | 1,683 | 1.8726 GBP | ||||
| 3 1/3p ordinary | Sale | 1,599 | 1.8674 GBP | ||||
| 3 1/3p ordinary | Sale | 1,500 | 1.8652 GBP | ||||
| 3 1/3p ordinary | Sale | 1,374 | 1.8697 GBP | ||||
| 3 1/3p ordinary | Sale | 1,125 | 1.8655 GBP | ||||
| 3 1/3p ordinary | Sale | 632 | 1.8670 GBP | ||||
| 3 1/3p ordinary | Sale | 256 | 1.8684 GBP | ||||
| 3 1/3p ordinary | Sale | 117 | 1.8651 GBP | ||||
| 3 1/3p ordinary | Sale | 8 | 1.8705 GBP | ||||
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| (b) | Cash-settled derivative transactions |
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| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
| security |
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| securities |
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| 3 1/3p ordinary | SWAP | Decreasing Short | 1,125 | 1.8655 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 2,939 | 1.8656 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 16,439 | 1.8673 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 1,929 | 1.8685 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 59,765 | 1.8689 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 18,356 | 1.8695 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 23,774 | 1.8703 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 24,447 | 1.8750 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 100,000 | 1.8673 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 3,279 | 1.8680 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 3,769 | 1.8702 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 275,050 | 1.8709 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 5,676 | 1.8726 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 11,047 | 1.8750 GBP | |||
| 3 1/3p ordinary | CFD | Increasing Short | 1,360 | 1.8705 GBP | |||
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| (c) | Stock-settled derivative transactions (including options) |
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| (i) | Writing, selling, purchasing or varying |
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| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price |
| date | money |
| relevant |
| selling, | securities | per unit |
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| paid/ |
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| varying etc | to which |
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| received |
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| option |
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| per unit |
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| relates |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| (d) | Other dealings (including subscribing for new securities) |
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| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security |
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| applicable) | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements |
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| Details of any indemnity or option arrangement, or any agreement or understanding, |
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| formal or informal, relating to relevant securities which may be an inducement to deal |
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| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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| to the offer or any person acting in concert with a party to the offer: |
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| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives |
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| Details of any agreement, arrangement or understanding, formal or informal, between |
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| the person making the disclosure and any other person relating to: |
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| (i) the voting rights of any relevant securities under any option; or |
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| (ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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| any derivative is referenced: |
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| NONE | |||||||
| (c) | Attachments |
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| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 21 Feb 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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