Director/PDMR Shareholding

RNS Number : 8644U

Spirent Communications PLC

02 April 2019

 

SPIRENT COMMUNICATIONS PLC

2 April 2019

DIRECTOR / PDMR SHAREHOLDING

1.	Details of PDMR / person closely associated
	Name	Eric Updyke
2.	Reason for the notification
a)	Position / status	PDMR
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Full name of the entity	Spirent Communications plc
b)	Legal Entity Identifier Code	213800HKCUNWP1916L38
4.	Details of the transaction(s)
a)	Description of the financial instrument Identification code	Ordinary shares of 3 1/3 pence each GB0004726096
b)	Nature of the transaction	In line with the announcement made on 1 April 2019, Spirent Communications plc entered into an agreement on 1 April 2019 with Eric Updyke to replace awards forfeited on leaving a previous employer. This arrangement has been put in place in accordance with Listing Rule 9.4.2, which allows an individual scheme to be put in place to assist the recruitment of an executive director, and is consistent with Spirent Communications plc's Directors' Remuneration Policy. An award of Restricted Stock Units is made under the Spirent Long-term Incentive Plan / Listing Rule 9.4.2 with 34% vesting on 5 May 2020, 33% vesting on 5 May 2021 and 33% vesting on 5 May 2022
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP0.00 663,769
d)	Aggregated information -     Aggregated volume -     price	663,769 GBP0.00
e)	Date of the transaction	1 April 2019
f)	Place of the transaction	Outside a trading venue

Beneficial interest in the Company following these transactions were:

PDMR	Total number of shares over which options held
Eric Updyke	663,769

Enquiries

Michelle Balch                         Spirent Communications plc              [phone]

Deputy Company Secretary

 

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