Form 8.3 - Spirent Communications Plc

BNP Paribas London

19 March 2024

 

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:	BNP Paribas SA
(b)  Owner or controller of interests and short positions disclosed, if different from 1(a):        The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c)  Name of offeror/offeree in relation to whose relevant securities this form relates:        Use a separate form for each offeror/offeree	Spirent Communications plc
(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:        For an opening position disclosure, state the latest practicable date prior to the disclosure	15/03/2024
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?        If it is a cash offer or possible cash offer, state "N/A"	No:

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(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:

GB0004726096 (3 1/3p ordinary)

Interests

Short Positions

	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	7,720,874	1.33	-234,585	-.04
(2) Cash-settled derivatives:	119,257	.02	-1,466,732	-.25
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0		0
TOTAL:	7,840,131	1.35	-1,701,317	-.29

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)

Rights to subscribe for new securities (including directors'' and other employee 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 PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)

Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
GB0004726096	Purchase	1875	GBP 1.7660
GB0004726096	Purchase	2756	GBP 1.7670
GB0004726096	Purchase	9788	GBP 1.7680
GB0004726096	Purchase	9050	GBP 1.7690
GB0004726096	Purchase	19956	GBP 1.7700
GB0004726096	Purchase	15339	GBP 1.7728
GB0004726096	Purchase	166	GBP 1.7730
GB0004726096	Purchase	8603	GBP 1.7732
GB0004726096	Purchase	5450	GBP 1.7740
GB0004726096	Purchase	4965	GBP 1.7750
GB0004726096	Purchase	2520	GBP 1.7760
GB0004726096	Purchase	2175	GBP 1.7770
GB0004726096	Purchase	9963	GBP 1.7780
GB0004726096	Purchase	123943	GBP 1.7790
GB0004726096	Purchase	3309124	GBP 1.7791
GB0004726096	Purchase	480362	GBP 1.7800
GB0004726096	Purchase	11377	GBP 1.7990
GB0004726096	Sale	-927	GBP 1.7640
GB0004726096	Sale	-958	GBP 1.7660
GB0004726096	Sale	-383218	GBP 1.7700
GB0004726096	Sale	-5160	GBP 1.7710
GB0004726096	Sale	-900000	GBP 1.7714
GB0004726096	Sale	-121	GBP 1.7720
GB0004726096	Sale	-1700	GBP 1.7730
GB0004726096	Sale	-19495	GBP 1.7740
GB0004726096	Sale	-94	GBP 1.7750
GB0004726096	Sale	-990	GBP 1.7760
GB0004726096	Sale	-9532	GBP 1.7765
GB0004726096	Sale	-166	GBP 1.7770
GB0004726096	Sale	-1468	GBP 1.7780
GB0004726096	Sale	-1812076	GBP 1.7799
GB0004726096	Sale	-34228	GBP 1.7800
GB0004726096	Sale	-21	GBP 1.7810
GB0004726096	Sale	-1268	GBP 1.7815
GB0004726096	Sale	-1402	GBP 1.7820
GB0004726096	Sale	-87	GBP 1.7830
GB0004726096	Sale	-95	GBP 1.7840

(b)

Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position increasing/reducing a long/short position	Number of references securities	Price per unit
GB0004726096	Contract for Difference	Opening Short Position	-23,942	1.7700 GBP
GB0004726096	Contract for Difference	Increasing Long Position	58,071	1.7700 GBP
GB0004726096	Contract for Difference	Reducing Short Position	1,216	1.7700 GBP
GB0004726096	Contract for Difference	Reducing Short Position	20,619	1.7700 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American European etc.	Expiry date	Option money paid/ received per unit

(ii)

Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4.

Other Information

(a)

Indemnity and other dealing 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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

None

(b)

Indemnity and other dealing arrangements

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 or future acquisition or disposal of any relevant securities to which       any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

(c)

Attachments

Is a supplemental Form 8 (Open Positions) attached?

No

Date of Disclosure:	19/03/2024
Contact Name	Compliance Control Room
Telephone Number:	0207 595 9695

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk

 

END