Director/PDMR Shareholding

RNS Number : 4599Y

Spirent Communications PLC

03 September 2009

 



Annex DTR3

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

All relevant boxes should be completed in block capital letters.

1.	Name of the issuer SPIRENT COMMUNICATIONS PLC	2.	State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R,  (ii) a disclosure made in accordance LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006). ALL THREE
3.	Name of person discharging managerial responsibilities/director EDWARD BRAMSON	4.	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person MR BRAMSON IS THE MANAGING MEMBER OF SHERBORNE INVESTORS GP, LLC.  SHERBORNE INVESTORS GP, LLC IS THE GENERAL PARTNER OF SHERBORNE INVESTORS LP, WHICH IS THE MANAGING MEMBER OF EACH OF THE FOLLOWING FUNDS (BOTH OF WHICH HOLD ORDINARY SHARES IN THE ISSUER THROUGH HANOVER NOMINEES LIMITED): HAYDEN INVESTORS PARTNERS, LLC AND SHERBORNE STRATEGIC FUND A, LLC.  SHERBORNE INVESTORS LP ALSO HOLDS ORDINARY SHARES IN THE ISSUER THROUGH HANOVER NOMINEES LIMITED OVER WHICH IT HAS DIRECT OWNERSHIP. EDWARD BRAMSON ALSO HOLDS FURTHER ORDINARY SHARES IN THE ISSUER THROUGH MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
5.	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial interest 1 THIS NOTIFICATION IS IN RESPECT OF HOLDINGS HELD INDIRECTLY BY SHERBORNE INVESTORS GP, LLC, AS EXPLAINED IN SECTION 4.	6.	Description of shares (including class), debentures or derivatives or financial instruments relating to shares ORDINARY SHARES OF 3 & 1/3 PENCE EACH IN SPIRENT COMMUNICATIONS PLC
7.	Name of registered shareholders(s) and, if more than one, the number of shares held by each of them HAYDEN INVESTORS PARTNERS, LLC (22,969,013 ORDINARY SHARES) SHERBORNE STRATEGIC FUND A, LLC (NIL) SHERBORNE INVESTORS LP (153,712 ORDINARY SHARES) EDWARD BRAMSON (20,000 ORDINARY SHARES)	8.	State the nature of the transaction DISPOSAL OF ORDINARY SHARES
9.	Number of shares, debentures or financial instruments relating to shares acquired NIL	10.	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) NIL
11.	Number of shares, debentures or financial instruments relating to shares disposed 29,600,000	12.	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 4.39%
13.	Price per share or value of transaction 81.67p PER SHARE	14.	Date and place of transaction 31 AUGUST 2009
15.	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 23,142,725 (3.43%)	16.	Date issuer informed of transaction 2 SEPTEMBER 2009

If a person discharging managerial responsibilities has been granted options by the issuer

complete the following boxes

17.	Date of grant	18.		Period during which or date on which exercisable
19.	Total amount paid (if any) for grant of the option	20.		Description of shares or debentures involved (class and number)
21.	Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise	22.		Total number of shares or debentures over which options held following notification
23.	Any additional information		24.		Name of contact and telephone number for queries

Name of authorised official of issuer responsible for making notification RACHEL WHITING, COMPANY SECRETARY Date of notification 3 SEPTEMBER 2009

Notes:    This form is intended for use by an issuer to make a RIS notification required by DR 3.3.

(1)	An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.
(2)	An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.
(3)	An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.
(4)	An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

 

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