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Spirent Communications plc: Natixis Adjusts Disclosure Position

Last updated: April 24, 2025
Taurigo

1. Key Insights

In a regulatory update issued on April 24, 2025, Natixis SA revealed an amendment to their previous disclosure regarding their position in Spirent Communications plc. This announcement, part of the ongoing compliance with the UK Takeover Code, offers investors a detailed view of Natixis's interests and short positions related to Spirent's securities.

Overview of the Disclosure

The press release serves as a public opening position disclosure under Rule 8.3 of the Takeover Code, aimed at informing the market of significant interests in relevant securities. The updated disclosure replaces an earlier version released on April 23, 2025, and includes modifications to sections 2(a), 3(a), and 3(b).

Key Information

  • Discloser: Natixis SA
  • Securities Involved: Spirent Communications plc
  • Date of Position Held: April 22, 2025
  • Other Parties to the Offer: None

Detailed Breakdown of Positions

Natixis disclosed their holdings in Spirent's 3 1/3 p ordinary shares, detailing both their interests and short positions. The following table summarizes these figures:

Class of Relevant Security Interests % Short Positions %
Relevant Securities Owned/Controlled 10,877,855 1.87 5,245 0.00
Cash-Settled Derivatives 5,245 0.00 10,877,855 1.87
Total 10,882,100 1.87 10,882,100 1.87

This comprehensive overview reflects Natixis's strategic positioning in Spirent Communications, indicating a noteworthy stake in the company's ordinary shares.

Dealings by Natixis

As part of the disclosure, Natixis provided information regarding any dealings in the relevant securities of Spirent. However, no specific purchases or sales were reported in this update, indicating a stable position without recent trading activity affecting their stake.

Additional Information

Natixis clarified that there are no indemnity arrangements or any agreements related to voting rights or derivatives that would influence their position. The absence of such arrangements suggests a straightforward interest in Spirent's securities without complex interdependencies.

Conclusion

This updated disclosure from Natixis SA highlights their significant interest in Spirent Communications plc, reflecting a robust position that investors will likely monitor closely. As the regulatory landscape continues to evolve, such disclosures remain critical for maintaining transparency in the market.

Florence de Queylar, the contact person for this announcement, stated that further inquiries can be directed through the appropriate channels for any additional details or clarifications.

As the market digests this information, stakeholders in Spirent Communications will be keenly observing any potential impacts on share performance and strategic developments in the near future.

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