Director/PDMR Shareholding

RNS Number : 5974I

Spirent Communications PLC

26 March 2015

 

SPIRENT COMMUNICATIONS PLC

DIRECTOR / PDMR SHAREHOLDING -

SPIRENT EMPLOYEE INCENTIVE PLAN (THE "PLAN")

London, UK - 26 March 2015: Spirent Communications plc ("the Company") (LSE: SPT), a leading communications technology company, has concluded that the following people meet the criteria to be considered Persons Discharging Managerial Responsibility ("PDMR") and, accordingly, would like to notify the market in accordance with the Financial Conduct Authority's ("FCA") Disclosure and Transparency Rules of the following change in their interests:

On 23 March 2015, a Performance Shares award over Ordinary Shares of 3 & 1/3 pence each was made to the following Persons Discharging Managerial Responsibility under the Spirent Employee Incentive Plan:

PDMR	Number of Performance Shares awarded	Total number of shares over which options held following notification
James Armstrong	150,402	267,922
Jeffrey Schmitz	161,971	435,443
Nigel Wright	136,110	237,102

The awards of Performance Shares, in the form of a conditional right to an award of shares, will only be received by each individual if he/she remains employed by the Company on the vesting date (23 March 2018) and provided that the Company meets the performance conditions set by the Company's Remuneration Committee in respect of this award.

At the date of their recognition as PDMRs, the individuals and their connected persons held the following shares in the Company's total voting rights:

PDMR	Number of Ordinary shares	% of Total Voting Rights
James Armstrong	-	-
Jeffrey Schmitz	-	-
Nigel Wright	7,270	0.0012%

- ends -

Enquiries

Michelle Balch                         Spirent Communications plc              [phone]

Assistant 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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