Vanguard Group Discloses Stake in Spirent Communications as per Takeover Code

The Vanguard Group, Inc. has reported a significant shareholding in Spirent Communications plc, detailing ownership of just over 5% of the company's shares. This position, reported as per the requirements of Rule 8.3 of the Takeover Code, was disclosed on May 16, 2024.

According to the submission labeled Form 8.3, The Vanguard Group, Inc. held exactly 29,441,680 shares in Spirent Communications as of May 15, 2024, representing a 5.09% stake in the company. The form further clarifies that there are no current stock-settled derivatives or rights to subscribe for new securities linked to these holdings.

Recent transactions by Vanguard Group include the purchases of 34,182 shares at 1.90 GBP and 3,145 shares at 1.91 GBP per unit of Spirent’s 3 1/3p ordinary class securities. These acquisitions reflect ongoing investment activities relative to their holdings in Spirent.

The disclosure confirms there are no indemnity or dealing arrangements that might influence trading decisions concerning the said securities. This announcement comes without attached supplemental forms, suggesting no open derivative positions impacting the reported shares.