Director/PDMR Shareholding

RNS Number : 3480W

Spirent Communications PLC

24 December 2013

 



SPIRENT COMMUNICATIONS PLC

DIRECTOR / PDMR SHAREHOLDING -

SPIRENT EMPLOYEE SHARE PURCHASE PLAN (THE "PLAN")

London, UK - 24 December 2013: Spirent Communications plc ("the Company") (LSE: SPT), a leading communications technology company, would like to notify the market in accordance with the Financial Conduct Authority's ("FCA") Disclosure and Transparency Rules of the following changes in the interests of a Director / Person Discharging Managerial Responsibility resulting from his participation in the UK Spirent Employee Share Purchase Plan ("ESPP"):

The Company was notified on 24 December 2013 that the following Director / Person Discharging Managerial Responsibility for the Company acquired shares under the Spirent UK Employee Share Purchase Plan 2005 (UK ESPP) on 24 December 2013 at a price of £0.998100 per share, to be held through Spirent UK Employee Share Purchase Plan 2005 (ESPP):

UK ESPP

Director	Number of 3 1/3 pence Ordinary Shares acquired	Total holding following notification
Eric Hutchinson	250	1,302,775

The UK ESPP is an all-employee plan, under which UK employees are able to buy Ordinary Shares in the Company of 3 1/3 pence each using deductions from salary.

Directors and others are bound by the Company's Share Dealing Code (the "Code") and may not change their monthly deductions from salary during close periods or when otherwise prohibited from dealing by the Code.

The Company would also like to correct the number of Stock Appreciation Rights awarded to Mr Hutchinson on 8 May 2013 as 86,266 rather than 172,531 as originally disclosed. 

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Enquiries

Rachel Whiting                          Spirent Communications plc                   [phone]

Company Secretary

About Spirent Communications plc

Spirent Communications plc is a global leader in test and measurement inspiring innovation within development labs, communication networks and IT organisations.  We enable today's communication ecosystem as well as tomorrow's emerging enterprises to deploy life-enriching communications networks, devices, services and applications.  Further information about Spirent Communications plc can be found at www.spirent.com.

Spirent Communications plc Ordinary Shares are traded on the London Stock Exchange (ticker: SPT).  The Company operates a Level 1 American Depositary Receipt ("ADR") programme with each ADR representing four Spirent Communications plc Ordinary Shares.  The ADRs trade in the US over-the-counter ("OTC") market under the symbol SPMYY and the CUSIP number is 84856M209.  Spirent ADRs are quoted on the Pink OTC Markets electronic quotation service which can be found at www.pinksheets.com.

Spirent and the Spirent logo are trademarks or registered trademarks of Spirent Communications plc.  All other trademarks or registered trademarks mentioned herein are held by their respective companies.  All rights reserved.

This document may contain forward-looking statements which are made in good faith and are based on current expectations or beliefs, as well as assumptions about future events.  You can sometimes, but not always, identify these statements by the use of a date in the future or such words as "will", "anticipate", "estimate", "expect", "project", "intend", "plan", "should", "may", "assume" and other similar words.  By their nature, forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future.  You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements.  The Company undertakes no obligation to update any forward-looking statements contained in this document, whether as a result of new information, future events or otherwise.

 

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