Spirent PLC
10 July 2001
789 - 10 July 2001
SPIRENT PLC ANNOUNCES THE LISTING OF ITS SHARES
ON THE NEW YORK STOCK EXCHANGE
Spirent plc, the international network technology company, today
announced the listing of its shares on the New York Stock
Exchange. The shares, in the form of American Depositary Receipts
(ADRs), will trade under the ticker symbol 'SPM', with one ADR
representing four Spirent ordinary shares. The Bank of New York
will act as the Depositary Bank for Spirent's ADR program. No new
Spirent shares have been issued in connection with the listing.
The principal listing for Spirent plc shares is on the London
Stock Exchange.
Commenting on the listing Nicholas Brookes, chief executive of
Spirent plc said:
'I am delighted to announce the listing of Spirent's shares on
the NYSE. This represents an important development for our
company and our employees. Spirent's US operations contribute
over 67 per cent of group revenues and are key to our strategy
and ongoing success. Additionally, today's listing underscores
our commitment to the US market and we look forward to building
even stronger links with the US investment community.'
'We welcome Spirent as it joins a roster of world-class
technology companies listed on the NYSE, including many of
Spirent's own customers, and look forward to a long and
productive partnership,' said NYSE chairman and CEO Dick Grasso.
'We believe that Spirent's listing on the NYSE illustrates its
commitment to upholding the same global standard of excellence in
the financial markets as it does for its network technology
products and innovations.'
A video recording of a company briefing discussing historic
financial performance under both UK and US GAAP will be available
on the Spirent plc website ( www.spirent.com/investors) from
17:00 London time (12.00 EST) on 10 July 2001 for two months.
Enquiries:
Nicholas Brookes, Chief Executive Spirent plc +44 (0)1293 767676
Eric Hutchinson, Finance Director
Jon Coles/Rupert Young Brunswick (London) +44 (0)20 7404 5959
Sara Strong/Nina Pawlak Brunswick (New York) +1 212 333 3810
Background note:
Spirent plc is an international network technology company
providing state-of-the-art solutions with a focus on high growth,
high margin activities. Our Communications group unites leading
edge performance analysis technology with network operations
expertise, enabling customers to accelerate the development,
deployment and assurance of next generation network equipment and
services worldwide. Further information about Spirent plc can be
found at www.spirent.com
Spirent plc is listed on the London Stock Exchange (ticker: SPT)
and on the New York Stock Exchange (ticker: SPM; CUSIP number:
84856M209).
Spirent and the Spirent logo are trademarks of Spirent plc. All
rights reserved.
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