REG - BNP Paribas London Spirent Comm PLC - Form 8.5 - Spirent Communications plc

Spirent CommunicationsAnnouncement

15/04/2024 11:00

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RNS Number : 6316K  BNP Paribas London  15 April 2024

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS

(OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

 

 1.  KEY INFORMATION

 

  (a)  Name of exempt principal trader:                                          BNP Paribas SA

  (b) Name of offeror/offeree in relation to whose relevant securities this      Spirent Communications plc
 form relates:

        Use a separate form for each offeror/offeree
  (c)  Name of the party to the offer with which exempt principal trader is
 connected:
  (d)  Date position held/dealing undertaken:                                    12/04/2024

        For an opening position disclosure, state the latest practicable
 date prior to the disclosure
  (e)  In addition to the company in 1(b) above, is the exempt principal         No:
 trader making disclosures in respect of any other party to the offer?

        If it is a cash offer or possible cash offer, state "N/A"

 

 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(b), 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:                                         0                                                   0
   (2) Cash-settled derivatives:                                                      324,050                        .06                 -850,680                       -.15

   (3) Stock-settled derivatives (including options) and agreements to                      0                                                   0
 purchase/sell:
        TOTAL:                                                                        324,050                        .06                 -850,680                       -.15

 

 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 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   Purchase/  Total number    Highest price   Lowest price

 relevant   sales      of securities   per unit        per unit

 security                              paid/received   paid/received

 

 (b)  Cash-settled derivative transactions

 

 Class of      Product                  Nature of dealing          Number of                           Price per

 relevant      description              e.g. opening/closing a     references                          unit

 security      e.g. CFD                 long/short position        securities

                                        increasing/reducing a

                                        long/short position
 GB0004726096  Contract for Difference  Opening Long Position                    19,371                               1.9630 GBP
 GB0004726096  Contract for Difference  Increasing Short Position               -10,508                               1.9630 GBP
 GB0004726096  Contract for Difference  Reducing Long Position                  -12,473                               1.9630 GBP
 GB0004726096  Contract for Difference  Reducing Short Position                   3,147                               1.9630 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      e.g.       date    money

 relevant   e.g. call     selling,       securities   per unit   American           paid/

 security   option        varying etc.   to which                European           received

                                         option                  etc.               per unit

                                         relates

 

 (ii)  Exercise

 

 Class of   Product            Exercising/  Number of    Exercise price

 relevant   description        exercised    securities   per unit

 security   e.g. call option   against

 

 (d)  Other dealings (including subscribing for new securities)

 

 Class of relevant  Nature of dealing               Details  Price per unit (if

 security           e.g. subscription, conversion            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 exempt
 principal trader 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)  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 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:       15/04/2024

 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 +44 (0)20 7638 0129.

 

 The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
 (http://www.thetakeoverpanel.org.uk)

 

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