| 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: | 12 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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| 14,671,448 | 2.54% | 452,504 | 0.08% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 380,948 | 0.07% | 14,505,606 | 2.51% |
| (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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| 15,052,396 | 2.60% | 14,958,110 | 2.59% |
| (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 |
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| 3 1/3p ordinary | Purchase | 181,273 | 1.7841 GBP | ||||
| 3 1/3p ordinary | Purchase | 150,000 | 1.7792 GBP | ||||
| 3 1/3p ordinary | Purchase | 36,191 | 1.7810 GBP | ||||
| 3 1/3p ordinary | Purchase | 24,282 | 1.7831 GBP | ||||
| 3 1/3p ordinary | Purchase | 18,913 | 1.7797 GBP | ||||
| 3 1/3p ordinary | Purchase | 18,410 | 1.7880 GBP | ||||
| 3 1/3p ordinary | Purchase | 17,942 | 1.7796 GBP | ||||
| 3 1/3p ordinary | Purchase | 14,033 | 1.7803 GBP | ||||
| 3 1/3p ordinary | Purchase | 11,896 | 1.7820 GBP | ||||
| 3 1/3p ordinary | Purchase | 10,329 | 1.7804 GBP | ||||
| 3 1/3p ordinary | Purchase | 9,555 | 1.7817 GBP | ||||
| 3 1/3p ordinary | Purchase | 9,334 | 1.7811 GBP | ||||
| 3 1/3p ordinary | Purchase | 6,099 | 1.7836 GBP | ||||
| 3 1/3p ordinary | Purchase | 4,155 | 1.7814 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,717 | 1.7830 GBP | ||||
| 3 1/3p ordinary | Purchase | 2,276 | 1.7788 GBP | ||||
| 3 1/3p ordinary | Purchase | 1,667 | 1.7800 GBP | ||||
| 3 1/3p ordinary | Purchase | 1,514 | 1.7815 GBP | ||||
| 3 1/3p ordinary | Purchase | 1,306 | 1.7813 GBP | ||||
| 3 1/3p ordinary | Purchase | 1,095 | 1.7840 GBP | ||||
| 3 1/3p ordinary | Purchase | 784 | 1.7802 GBP | ||||
| 3 1/3p ordinary | Purchase | 489 | 1.7785 GBP | ||||
| 3 1/3p ordinary | Purchase | 128 | 1.7822 GBP | ||||
| 3 1/3p ordinary | Purchase | 56 | 1.7760 GBP | ||||
| 3 1/3p ordinary | Purchase | 41 | 1.7879 GBP | ||||
| 3 1/3p ordinary | Purchase | 1 | 1.7778 GBP | ||||
| 3 1/3p ordinary | Sale | 140,584 | 1.7806 GBP | ||||
| 3 1/3p ordinary | Sale | 110,241 | 1.7827 GBP | ||||
| 3 1/3p ordinary | Sale | 68,301 | 1.7839 GBP | ||||
| 3 1/3p ordinary | Sale | 60,262 | 1.7780 GBP | ||||
| 3 1/3p ordinary | Sale | 48,477 | 1.7801 GBP | ||||
| 3 1/3p ordinary | Sale | 41,873 | 1.7880 GBP | ||||
| 3 1/3p ordinary | Sale | 12,955 | 1.7797 GBP | ||||
| 3 1/3p ordinary | Sale | 9,045 | 1.7800 GBP | ||||
| 3 1/3p ordinary | Sale | 8,595 | 1.7802 GBP | ||||
| 3 1/3p ordinary | Sale | 4,517 | 1.7803 GBP | ||||
| 3 1/3p ordinary | Sale | 3,515 | 1.7799 GBP | ||||
| 3 1/3p ordinary | Sale | 1,599 | 1.7810 GBP | ||||
| 3 1/3p ordinary | Sale | 643 | 1.7795 GBP | ||||
| 3 1/3p ordinary | Sale | 613 | 1.7830 GBP | ||||
| 3 1/3p ordinary | Sale | 489 | 1.7787 GBP | ||||
| 3 1/3p ordinary | Sale | 119 | 1.7790 GBP | ||||
| 3 1/3p ordinary | Sale | 56 | 1.7760 GBP | ||||
| 3 1/3p ordinary | Sale | 35 | 1.7840 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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| 3 1/3p ordinary | CFD | Decreasing Long | 12,796 | 1.7880 GBP | |||
| 3 1/3p ordinary | CFD | Decreasing Long | 17,092 | 1.7806 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 642 | 1.7795 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 1,621 | 1.7808 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 6,067 | 1.7809 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 8,140 | 1.7806 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 25,964 | 1.7880 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 28,897 | 1.7816 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 48,477 | 1.7801 GBP | |||
| 3 1/3p ordinary | SWAP | Decreasing Short | 57,272 | 1.7806 GBP | |||
| 3 1/3p ordinary | CFD | Increasing Long | 5,865 | 1.7845 GBP | |||
| 3 1/3p ordinary | CFD | Increasing Long | 12,796 | 1.7880 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 5 | 1.7890 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 1,060 | 1.7840 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 1,514 | 1.7815 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 2,104 | 1.7830 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 5,278 | 1.7810 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 11,896 | 1.7820 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 75,013 | 1.7828 GBP | |||
| 3 1/3p ordinary | SWAP | Increasing Short | 76,171 | 1.7826 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: | 13 Mar 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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