Director/PDMR Shareholding

RNS Number : 7062Q

Spirent Communications PLC

01 March 2016

 

SPIRENT COMMUNICATIONS PLC

DIRECTORS / PDMR SHAREHOLDINGS

London, UK - 1 March 2016: 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:

On 29 February 2016, Rachel Whiting, Chief Financial Officer exercised 60,348 Stock Appreciation Rights ("SARs") granted at a base price of £0.4750 on 5 May 2006 under the Spirent Employee Incentive Plan and due to expire on 5 May 2016.  At a Fair Market Value of £0.8300, this resulted in a gain due to Mrs Whiting of £21,423.54 which the Company will fund through the sale of Ordinary shares from its Employee Share Ownership Trust.

After this transaction, Mrs Whiting's beneficial interest in the Company is 87,289 Ordinary shares (0.014% of the Company's issued Ordinary Share capital at the date of this announcement) and she holds 345,747 share incentive awards.

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Enquiries

Michelle Balch                          Spirent Communications plc                   [phone]

Deputy 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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