| 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: | 23 Apr 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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| 40,426,659 | 6.96% | 2,562,585 | 0.44% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 1,665,251 | 0.29% | 40,139,390 | 6.91% |
| (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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| 42,091,910 | 7.24% | 42,701,975 | 7.35% |
| (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 | ||||
| security |
| securities |
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| 3 1/3p ordinary | Purchase | 225,139 | 1.7905 GBP | ||||
| 3 1/3p ordinary | Purchase | 223,088 | 1.8045 GBP | ||||
| 3 1/3p ordinary | Purchase | 182,924 | 1.8040 GBP | ||||
| 3 1/3p ordinary | Purchase | 53,063 | 1.8046 GBP | ||||
| 3 1/3p ordinary | Purchase | 51,773 | 1.7896 GBP | ||||
| 3 1/3p ordinary | Purchase | 38,096 | 1.8043 GBP | ||||
| 3 1/3p ordinary | Purchase | 11,434 | 1.8033 GBP | ||||
| 3 1/3p ordinary | Purchase | 8,007 | 1.7873 GBP | ||||
| 3 1/3p ordinary | Purchase | 7,976 | 1.8080 GBP | ||||
| 3 1/3p ordinary | Purchase | 6,559 | 1.7980 GBP | ||||
| 3 1/3p ordinary | Purchase | 5,000 | 1.7978 GBP | ||||
| 3 1/3p ordinary | Purchase | 4,930 | 1.8019 GBP | ||||
| 3 1/3p ordinary | Purchase | 4,190 | 1.7985 GBP | ||||
| 3 1/3p ordinary | Purchase | 3,940 | 1.8035 GBP | ||||
| 3 1/3p ordinary | Purchase | 3,015 | 1.7900 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,767 | 1.7981 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,296 | 1.7921 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,088 | 1.7910 GBP | ||||
| 3 1/3p ordinary | Purchase | 1,818 | 1.8060 GBP | ||||
| 3 1/3p ordinary | Purchase | 985 | 1.7940 GBP | ||||
| 3 1/3p ordinary | Purchase | 850 | 1.8000 GBP | ||||
| 3 1/3p ordinary | Purchase | 637 | 1.8020 GBP | ||||
| 3 1/3p ordinary | Purchase | 222 | 1.8010 GBP | ||||
| 3 1/3p ordinary | Purchase | 63 | 1.7875 GBP | ||||
| 3 1/3p ordinary | Sale | 86,441 | 1.8024 GBP | ||||
| 3 1/3p ordinary | Sale | 11,936 | 1.8040 GBP | ||||
| 3 1/3p ordinary | Sale | 10,000 | 1.7884 GBP | ||||
| 3 1/3p ordinary | Sale | 5,371 | 1.7800 GBP | ||||
| 3 1/3p ordinary | Sale | 3,127 | 1.8033 GBP | ||||
| 3 1/3p ordinary | Sale | 2,422 | 1.7901 GBP | ||||
| 3 1/3p ordinary | Sale | 1,818 | 1.8060 GBP | ||||
| 3 1/3p ordinary | Sale | 1,137 | 1.8080 GBP | ||||
| 3 1/3p ordinary | Sale | 1,038 | 1.7944 GBP | ||||
| 3 1/3p ordinary | Sale | 985 | 1.7940 GBP | ||||
| 3 1/3p ordinary | Sale | 723 | 1.8039 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 | 5,371 | 1.7800 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 1,857 | 1.7897 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 1,038 | 1.7944 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 1 | 1.8000 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 3,692 | 1.8015 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 698 | 1.8040 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 8,007 | 1.7873 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 51,773 | 1.7896 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 494 | 1.7900 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 225,139 | 1.7905 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 1,949 | 1.7974 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 5,000 | 1.7978 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 5,254 | 1.7980 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 9,870 | 1.7982 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 1,793 | 1.7997 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 4,930 | 1.8019 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 127,691 | 1.8040 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 223,088 | 1.8045 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 53,063 | 1.8046 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 4,544 | 1.8064 GBP | |||
| 3 1/3p ordinary | CFD | Decreasing Short | 1,275 | 1.7898 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/ |
| security |
| 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: | 24 Apr 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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