Vanguard Announces Ownership Over 5% of Spirent Communications

The Vanguard Group, Inc. has disclosed a significant stake in Spirent Communications plc. As of April 9, 2024, the financial institution reports ownership of 29,161,000 shares, translating to a 5.04% interest in the company. This position marks a substantial involvement by Vanguard in Spirent Communications, a notable player in the communications industry.

The announcement came through Form 8.3, mandated by the Code's Rule 8.3 for entities holding interests in relevant securities amounting to 1% or more. Vanguard's disclosure did not report any involvement in cash-settled derivatives or stock-settled derivatives related to Spirent Communications, concentrating solely on direct share ownership. The document also notes the lack of any indemnity, option arrangements, or any form of inducement agreements related to these securities holdings.

Furthermore, Vanguard executed a modest purchase of Spirent Communications shares on the same day, buying an additional 1,889 shares at a price of 1.97 GBP each. This transaction showcases Vanguard’s ongoing investment and interest in the company. With no open stock-settled derivative positions or intentions for new securities subscriptions reported, Vanguard's current stake demonstrates a straightforward investment strategy in Spirent Communications.