Form 8.3 - Spirent Communications plc

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

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

SPIRENT COMMUNICATIONS PLC

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

27 Jan 2025

(f)

In addition to the company in 1(c) above, is the discloser making

NO

disclosures in respect of any other party to the offer?

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing(if any)

Class of relevant security:

3 1/3p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

43,977,020

7.60%

891,299

0.15%

(2)

Cash-settled derivatives:

and/or controlled:

503,618

0.09%

43,593,150

7.53%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

44,480,638

7.69%

44,484,449

7.69%

(b)

Rights to subscribe for new securities (including directors and other executive

options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

3 1/3p ordinary

Purchase

250,000

1.8143 GBP

3 1/3p ordinary

Purchase

100,075

1.8110 GBP

3 1/3p ordinary

Purchase

51,651

1.8111 GBP

3 1/3p ordinary

Purchase

42,922

1.8134 GBP

3 1/3p ordinary

Purchase

35,590

1.8153 GBP

3 1/3p ordinary

Purchase

27,036

1.8115 GBP

3 1/3p ordinary

Purchase

6,013

1.8118 GBP

3 1/3p ordinary

Purchase

5,366

1.8113 GBP

3 1/3p ordinary

Purchase

3,577

1.8138 GBP

3 1/3p ordinary

Purchase

2,980

1.8125 GBP

3 1/3p ordinary

Purchase

2,943

1.8220 GBP

3 1/3p ordinary

Purchase

1,595

1.8250 GBP

3 1/3p ordinary

Purchase

871

1.8117 GBP

3 1/3p ordinary

Purchase

807

1.8609 GBP

3 1/3p ordinary

Purchase

508

1.8100 GBP

3 1/3p ordinary

Purchase

388

1.8130 GBP

3 1/3p ordinary

Purchase

327

1.8210 GBP

3 1/3p ordinary

Sale

1,625,875

1.8140 GBP

3 1/3p ordinary

Sale

66,797

1.8114 GBP

3 1/3p ordinary

Sale

44,277

1.8109 GBP

3 1/3p ordinary

Sale

43,139

1.8106 GBP

3 1/3p ordinary

Sale

31,174

1.8107 GBP

3 1/3p ordinary

Sale

29,882

1.8110 GBP

3 1/3p ordinary

Sale

12,616

1.8093 GBP

3 1/3p ordinary

Sale

10,506

1.8122 GBP

3 1/3p ordinary

Sale

6,521

1.8116 GBP

3 1/3p ordinary

Sale

4,226

1.8147 GBP

3 1/3p ordinary

Sale

4,068

1.8117 GBP

3 1/3p ordinary

Sale

3,398

1.8099 GBP

3 1/3p ordinary

Sale

2,050

1.8131 GBP

3 1/3p ordinary

Sale

1,946

1.8118 GBP

3 1/3p ordinary

Sale

359

1.8095 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

3 1/3p ordinary

SWAP

Decreasing Short

12,616

1.8093 GBP

3 1/3p ordinary

SWAP

Decreasing Short

3,398

1.8099 GBP

3 1/3p ordinary

SWAP

Decreasing Short

41,018

1.8106 GBP

3 1/3p ordinary

SWAP

Decreasing Short

31,174

1.8107 GBP

3 1/3p ordinary

SWAP

Decreasing Short

6,804

1.8109 GBP

3 1/3p ordinary

SWAP

Decreasing Short

1,492

1.8110 GBP

3 1/3p ordinary

SWAP

Decreasing Short

40,610

1.8113 GBP

3 1/3p ordinary

SWAP

Decreasing Short

38,039

1.8114 GBP

3 1/3p ordinary

SWAP

Decreasing Short

3,839

1.8118 GBP

3 1/3p ordinary

SWAP

Decreasing Short

4,732

1.8121 GBP

3 1/3p ordinary

SWAP

Decreasing Short

1,625,875

1.8140 GBP

3 1/3p ordinary

SWAP

Decreasing Short

47

1.8149 GBP

3 1/3p ordinary

SWAP

Decreasing Short

111

1.8620 GBP

3 1/3p ordinary

SWAP

Increasing Short

13,073

1.8110 GBP

3 1/3p ordinary

SWAP

Increasing Short

51,651

1.8111 GBP

3 1/3p ordinary

SWAP

Increasing Short

5,366

1.8113 GBP

3 1/3p ordinary

SWAP

Increasing Short

2

1.8115 GBP

3 1/3p ordinary

SWAP

Increasing Short

2,980

1.8125 GBP

3 1/3p ordinary

SWAP

Increasing Short

42,922

1.8135 GBP

3 1/3p ordinary

SWAP

Increasing Short

3,577

1.8138 GBP

3 1/3p ordinary

SWAP

Increasing Short

1

1.8140 GBP

3 1/3p ordinary

SWAP

Increasing Short

250,000

1.8143 GBP

3 1/3p ordinary

SWAP

Increasing Short

7,462

1.8147 GBP

3 1/3p ordinary

SWAP

Increasing Short

28,128

1.8155 GBP

3 1/3p ordinary

SWAP

Increasing Short

2,218

1.8157 GBP

3 1/3p ordinary

SWAP

Increasing Short

492

1.8186 GBP

3 1/3p ordinary

SWAP

Increasing Short

327

1.8210 GBP

3 1/3p ordinary

SWAP

Increasing Short

2,943

1.8220 GBP

3 1/3p ordinary

SWAP

Increasing Short

1,595

1.8250 GBP

3 1/3p ordinary

SWAP

Increasing Short

807

1.8609 GBP

3 1/3p ordinary

CFD

Increasing Short

7,026

1.8107 GBP

3 1/3p ordinary

CFD

Increasing Short

7,389

1.8117 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings 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:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the person 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 of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

28 Jan 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213