Annual Report 2018 Remuneration Policy Correction

RNS Number : 1815G

Spirent Communications PLC

19 July 2019

 

19 July 2019

SPIRENT COMMUNICATIONS PLC

("Spirent" or the "Company")

Annual Report 2018 - Remuneration Policy Correction

An incorrect version of the Company's Annual Report for the period ended 31 December 2018 was made available on the Company's website and filed with the National Storage Mechanism on 27 March 2019.

The incorrect version contained an error related to the Company's Remuneration Policy and its statement regarding the application of malus and clawback to executive remuneration (page 90 of the 2018 Annual Report).

The final paragraph of this section should read:

"Clawback may be applied for up to two years following cash payment of an Annual Incentive and vesting under the LTIP, and up to three years following the granting of awards under the Company's deferred bonus arrangements."

In compliance with Listing Rule 9.6.1R, the corrected 2018 Annual Report has today been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM and is also available in the Investors section of the Spirent Communications plc website at http://corporate.spirent.com/ .

Note: printed copies of the Company's 2018 Annual Report which were mailed to shareholders on 27 March 2019 contained the correct text and will not be replaced.

Enquiries

Angus Iveson Company Secretary

Spirent Communications plc

[phone]

About Spirent Communications plc

Spirent Communications plc (LSE: SPT) offers test, measurement, analytics and assurance solutions for next-generation devices and networks.  Spirent provides products, services and information solutions for high-speed Ethernet, positioning mobile network infrastructure markets, with expanding focus on service assurance, cybersecurity and 5G. Spirent is accelerating the transition of connected devices, network equipment and applications from development labs to the operational network, as it continues to innovate toward fully-automated testing and autonomous service assurance solutions.  Further information about Spirent Communications plc can be found at https://corporate.spirent.com/.

Spirent Communications plc Ordinary Shares are traded on the London Stock Exchange (ticker: SPT; LEI: 213800HKCUNWP1916L38).  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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