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:

26 Mar 2024

(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:

16,350,187

2.83%

359,726

0.06%

(2)

Cash-settled derivatives:

and/or controlled:

321,117

0.06%

16,184,346

2.80%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

16,671,304

2.88%

16,544,072

2.86%

(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

100,000

1.7698 GBP

3 1/3p ordinary

Purchase

52,123

1.7645 GBP

3 1/3p ordinary

Purchase

21,560

1.7667 GBP

3 1/3p ordinary

Purchase

20,686

1.7621 GBP

3 1/3p ordinary

Purchase

18,192

1.7660 GBP

3 1/3p ordinary

Purchase

16,148

1.7628 GBP

3 1/3p ordinary

Purchase

15,608

1.7620 GBP

3 1/3p ordinary

Purchase

13,525

1.7630 GBP

3 1/3p ordinary

Purchase

3,384

1.7647 GBP

3 1/3p ordinary

Purchase

1,553

1.7680 GBP

3 1/3p ordinary

Purchase

205

1.7619 GBP

3 1/3p ordinary

Sale

45,698

1.7617 GBP

3 1/3p ordinary

Sale

45,091

1.7647 GBP

3 1/3p ordinary

Sale

33,558

1.7664 GBP

3 1/3p ordinary

Sale

6,356

1.7650 GBP

3 1/3p ordinary

Sale

6,284

1.7676 GBP

3 1/3p ordinary

Sale

5,074

1.7630 GBP

3 1/3p ordinary

Sale

3,818

1.7627 GBP

3 1/3p ordinary

Sale

2,974

1.7633 GBP

3 1/3p ordinary

Sale

2,937

1.7638 GBP

3 1/3p ordinary

Sale

2,560

1.7691 GBP

3 1/3p ordinary

Sale

2,072

1.7620 GBP

3 1/3p ordinary

Sale

1,518

1.7623 GBP

3 1/3p ordinary

Sale

1,011

1.7660 GBP

3 1/3p ordinary

Sale

777

1.7680 GBP

3 1/3p ordinary

Sale

440

1.7788 GBP

3 1/3p ordinary

Sale

302

1.7632 GBP

3 1/3p ordinary

Sale

285

1.7624 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

440

1.7788 GBP

3 1/3p ordinary

SWAP

Decreasing Short

451

1.7644 GBP

3 1/3p ordinary

CFD

Decreasing Short

470

1.7660 GBP

3 1/3p ordinary

SWAP

Decreasing Short

707

1.7652 GBP

3 1/3p ordinary

SWAP

Decreasing Short

777

1.7680 GBP

3 1/3p ordinary

SWAP

Decreasing Short

1,369

1.7660 GBP

3 1/3p ordinary

SWAP

Decreasing Short

2,560

1.7691 GBP

3 1/3p ordinary

SWAP

Decreasing Short

2,771

1.7698 GBP

3 1/3p ordinary

SWAP

Decreasing Short

2,998

1.7669 GBP

3 1/3p ordinary

SWAP

Decreasing Short

3,400

1.7641 GBP

3 1/3p ordinary

SWAP

Decreasing Short

3,631

1.7668 GBP

3 1/3p ordinary

SWAP

Decreasing Short

6,356

1.7650 GBP

3 1/3p ordinary

SWAP

Decreasing Short

7,823

1.7664 GBP

3 1/3p ordinary

SWAP

Decreasing Short

8,285

1.7660 GBP

3 1/3p ordinary

SWAP

Decreasing Short

16,412

1.7656 GBP

3 1/3p ordinary

SWAP

Decreasing Short

45,698

1.7617 GBP

3 1/3p ordinary

SWAP

Increasing Short

437

1.7630 GBP

3 1/3p ordinary

CFD

Increasing Short

470

1.7660 GBP

3 1/3p ordinary

SWAP

Increasing Short

14,055

1.7620 GBP

3 1/3p ordinary

SWAP

Increasing Short

17,738

1.7630 GBP

3 1/3p ordinary

SWAP

Increasing Short

17,826

1.7643 GBP

3 1/3p ordinary

CFD

Increasing Short

20,545

1.7635 GBP

3 1/3p ordinary

SWAP

Increasing Short

21,560

1.7667 GBP

3 1/3p ordinary

SWAP

Increasing Short

100,000

1.7698 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:

27 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213