Director/PDMR Shareholding

RNS Number : 8648B

Spirent Communications PLC

21 June 2016

 

SPIRENT COMMUNICATIONS PLC

DIRECTOR / PDMR SHAREHOLDING -

SPIRENT LONG-TERM INCENTIVE PLAN (THE "PLAN")

London, UK - 21 June 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 16 June 2016, awards were made to Directors / Persons Discharging Managerial Responsibility under the Spirent Long-term Incentive Plan which was approved by shareholders at the Company's Annual General Meeting on 4 May 2016 as follows:

Performance Shares

Director	Number of Performance Shares awarded	Total number of shares over which options held following notification
Eric Hutchinson	781,758	1,853,376

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 (16 June 2019) and provided that the Company meets the performance conditions set by the Company's Remuneration Committee in respect of this award.

Restricted Stock Awards

PDMR	Number of Restricted Stock awards	Total number of shares over which options held following notification
James Armstrong	238,632	506,554
Nigel Wright	187,922	382,792

The awards of Restricted Stock Awards will only be received by each individual if he/she remains employed by the Company on the vesting date (16 June 2019).

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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 http://corporate.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 http://www.otcmarkets.com/marketplaces/otc-pink.

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.

Cautionary statement regarding forward-looking statements

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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