Vanguard Group Discloses Stake in Spirent Communications PLC

The Vanguard Group, Inc. reported its ownership stake in Spirent Communications plc, as per the latest Form 8.3 filed on April 26, 2024. The disclosure, mandated under Rule 8.3 of the Takeover Code, confirms Vanguard's significant holding in the company.

Vanguard's reported holdings in Spirent Communications consist of 29,202,787 shares, representing a 5.05% ownership interest. This disclosure aligns with the requirements for entities possessing over 1% of a company’s securities during public takeover scenarios. On April 25, 2024, the disclosed position was updated following a transaction involving the sale of 18,024 shares at 1.96 GBP per share.

The filing did not report any open stock-settled derivatives or other complex financial instruments related to these securities. Vanguard’s dealings are purely in direct holdings of the ordinary 3 1/3p shares of Spirent Communications. Further details on rights to subscribe for new securities or agreements related to these holdings were noted as non-existent.