Director/PDMR Shareholding

Spirent Communications PLC

12 March 2024

 

SPIRENT COMMUNICATIONS PLC (the "Company")

12 March 2024

DIRECTOR / PDMR SHAREHOLDING

Vesting and Exercise of Restricted Stock Awards under Spirent Deferred Bonus Plan

The Company confirms that on 11 March following awards vested and became exercisable:

Eric Updyke    103,435 shares (including dividend equivalents)

Paula Bell        57,008 shares (including dividend equivalents)

Awards of Restricted Stock under the Spirent Deferred Bonus Plan are not tax approved and income tax and social security deductions become payable by the individual on vesting; both Mr Updyke and Ms Bell sold sufficient vested shares to settle these liabilities.

Details of both the vesting and the sale to cover tax liabilities are set out below.

1.	Details of PDMR / person closely associated
	Name	Eric Updyke
2.	Reason for the notification
a)	Position / status	CEO
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	(i)   Exercise of shares arising from Spirent Deferred Bonus Plan at nil-cost (ii)  Sale of shares in market to cover tax and social security liabilities
c)	Price(s) and volume(s)	Price(s) Volume(s) (i) GBP0.00 103,435 (ii) GBP1.765 40,846
d)	Aggregated information -     Aggregated volume -     price	n/a n/a
e)	Date of the transaction	11 March 2024
f)	Place of the transaction	(i)         Outside a trading venue (ii)        London

1.	Details of PDMR / person closely associated
	Name	Paula Bell
2.	Reason for the notification
a)	Position / status	CFO
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	(i)   Exercise of shares arising from Spirent Deferred Bonus Plan at nil-cost (ii)  Sale of shares in market to cover tax and national insurance liabilities
c)	Price(s) and volume(s)	Price(s) Volume(s) (i) GBP0.00 57,008 (ii) GBP1.765 26,889
d)	Aggregated information -     Aggregated volume -     price	n/a n/a
e)	Date of the transaction	11 March 2024
f)	Place of the transaction	(i)        Outside a trading venue (ii)       London

Following these transactions, these individuals held the following total beneficial interests in shares and outstanding awards:

Director / PDMR	Total beneficial interest in shares	Total number of shares over which options held
Eric Updyke	996,517	2,024,060
Paula Bell	624,000	1,071,445

Enquiries

Steve Hornbuckle, Deputy Company Secretary

Spirent Communications plc

[phone]

 

END