| 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: | 06 Mar 2024 | |||||
| (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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| 11,763,563 | 2.03% | 452,741 | 0.08% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 288,207 | 0.05% | 11,504,257 | 1.99% |
| (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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| 12,051,770 | 2.08% | 11,956,998 | 2.07% |
| (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 | 480,948 | 1.7577 GBP | ||||
| 3 1/3p ordinary | Purchase | 389,464 | 1.7567 GBP | ||||
| 3 1/3p ordinary | Purchase | 232,031 | 1.7552 GBP | ||||
| 3 1/3p ordinary | Purchase | 181,190 | 1.7555 GBP | ||||
| 3 1/3p ordinary | Purchase | 132,716 | 1.7558 GBP | ||||
| 3 1/3p ordinary | Purchase | 76,706 | 1.7583 GBP | ||||
| 3 1/3p ordinary | Purchase | 57,792 | 1.7547 GBP | ||||
| 3 1/3p ordinary | Purchase | 38,178 | 1.7551 GBP | ||||
| 3 1/3p ordinary | Purchase | 26,135 | 1.7554 GBP | ||||
| 3 1/3p ordinary | Purchase | 24,433 | 1.7499 GBP | ||||
| 3 1/3p ordinary | Purchase | 23,060 | 1.7590 GBP | ||||
| 3 1/3p ordinary | Purchase | 18,663 | 1.7500 GBP | ||||
| 3 1/3p ordinary | Purchase | 16,693 | 1.7559 GBP | ||||
| 3 1/3p ordinary | Purchase | 16,586 | 1.7543 GBP | ||||
| 3 1/3p ordinary | Purchase | 11,906 | 1.7522 GBP | ||||
| 3 1/3p ordinary | Purchase | 10,308 | 1.7600 GBP | ||||
| 3 1/3p ordinary | Purchase | 9,881 | 1.7548 GBP | ||||
| 3 1/3p ordinary | Purchase | 6,010 | 1.7564 GBP | ||||
| 3 1/3p ordinary | Purchase | 5,160 | 1.7550 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,846 | 1.7557 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,189 | 1.7650 GBP | ||||
| 3 1/3p ordinary | Purchase | 1,983 | 1.7570 GBP | ||||
| 3 1/3p ordinary | Purchase | 1,619 | 1.7560 GBP | ||||
| 3 1/3p ordinary | Purchase | 1,463 | 1.7530 GBP | ||||
| 3 1/3p ordinary | Purchase | 1,419 | 1.7609 GBP | ||||
| 3 1/3p ordinary | Purchase | 146 | 1.7498 GBP | ||||
| 3 1/3p ordinary | Purchase | 22 | 1.7580 GBP | ||||
| 3 1/3p ordinary | Sale | 450,861 | 1.7554 GBP | ||||
| 3 1/3p ordinary | Sale | 215,780 | 1.7555 GBP | ||||
| 3 1/3p ordinary | Sale | 209,803 | 1.7568 GBP | ||||
| 3 1/3p ordinary | Sale | 77,003 | 1.7537 GBP | ||||
| 3 1/3p ordinary | Sale | 65,521 | 1.7503 GBP | ||||
| 3 1/3p ordinary | Sale | 54,537 | 1.7550 GBP | ||||
| 3 1/3p ordinary | Sale | 35,562 | 1.7529 GBP | ||||
| 3 1/3p ordinary | Sale | 22,366 | 1.7500 GBP | ||||
| 3 1/3p ordinary | Sale | 13,757 | 1.7559 GBP | ||||
| 3 1/3p ordinary | Sale | 8,881 | 1.7560 GBP | ||||
| 3 1/3p ordinary | Sale | 6,835 | 1.7572 GBP | ||||
| 3 1/3p ordinary | Sale | 5,947 | 1.7530 GBP | ||||
| 3 1/3p ordinary | Sale | 5,080 | 1.7610 GBP | ||||
| 3 1/3p ordinary | Sale | 4,535 | 1.7542 GBP | ||||
| 3 1/3p ordinary | Sale | 2,148 | 1.7540 GBP | ||||
| 3 1/3p ordinary | Sale | 1,983 | 1.7570 GBP | ||||
| 3 1/3p ordinary | Sale | 1,840 | 1.7591 GBP | ||||
| 3 1/3p ordinary | Sale | 1,803 | 1.7600 GBP | ||||
| 3 1/3p ordinary | Sale | 1,624 | 1.7558 GBP | ||||
| 3 1/3p ordinary | Sale | 1,375 | 1.7590 GBP | ||||
| 3 1/3p ordinary | Sale | 1,365 | 1.7602 GBP | ||||
| 3 1/3p ordinary | Sale | 1,330 | 1.7580 GBP | ||||
| 3 1/3p ordinary | Sale | 1,300 | 1.7648 GBP | ||||
| 3 1/3p ordinary | Sale | 162 | 1.7575 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 |
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| 3 1/3p ordinary | SWAP | Closing Long | 20,330 | 1.7590 GBP | |||
| 3 1/3p ordinary | SWAP | Closing Long | 480,948 | 1.7577 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 1,300 | 1.7648 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 1,365 | 1.7602 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 1,502 | 1.7500 GBP | |||
| 3 1/3p ordinary | CFD | Decreasing Short | 2,189 | 1.7500 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 3,837 | 1.7610 GBP | |||
| 3 1/3p ordinary | CFD | Decreasing Short | 5,130 | 1.7575 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 6,835 | 1.7572 GBP | |||
| 3 1/3p ordinary | CFD | Decreasing Short | 8,928 | 1.7659 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 10,596 | 1.7571 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 26,620 | 1.7560 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 46,240 | 1.7500 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 215,780 | 1.7555 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 433,222 | 1.7554 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 1,369 | 1.7590 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 1,413 | 1.7560 GBP | |||
| 3 1/3p ordinary | CFD | Increasing Short | 2,189 | 1.7650 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 2,335 | 1.7548 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 5,160 | 1.7550 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 11,906 | 1.7522 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 76,706 | 1.7583 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 374,766 | 1.7559 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 437,870 | 1.7555 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: | 07 Mar 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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