Spirent PLC
1 March 2002
LETTER TO: COMPANY ANNOUNCEMENTS OFFICE
Dated: 28 February 2002
SPIRENT PLC - NOTIFICATION OF DEEMED INTERESTS BY DIRECTORS
Spirent QUEST Limited, the trustee and registered shareholder for the Spirent
Employee Benefit Trust, has today disposed of the following Ordinary shares in
Spirent to satisfy the exercise of options under the Company's SAYE Share Option
Scheme:
No of Shares Option Price
4,138 @ 0.9361
451 @ 0.8321
593 @ 1.0357
5,182
Following this disposal the total number of shares held by the Trust is
3,869,521 shares (representing 0.41456% of the issued share capital).
Nicholas Brookes and Eric Hutchinson, both Directors, are potential
beneficiaries of the Trust (together with all other employee share option
holders) and are therefore treated under the Companies Act 1985 as having a
deemed interest in the total number of shares held by the Trust. As a result,
the Directors' deemed interests in the Trust have been reduced by the above
number of shares disposed of.
For the avoidance of doubt, the Company confirms that this notification does not
relate to an actual dealing in securities by the said Directors whose beneficial
interests in the Company remain unchanged notwithstanding the above events.
LETTER FROM: SPIRENT PLC
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.