Director/PDMR Shareholding

RNS Number : 3714Z
Spirent Communications PLC
21 September 2009
 



Annex DTR3


Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons



All relevant boxes should be completed in block capital letters.


1.

Name of the issuer





SPIRENT COMMUNICATIONS PLC





2.

State whether the notification relates to

(i) a transaction notified in accordance with DTR 3.1.2 R, 

(ii) a disclosure made in accordance LR 9.8.6R(1) or

(iii) a disclosure made in accordance with section 793 of the Companies Act (2006).


ALL THREE


3.

Name of person discharging managerial

responsibilities/director



EDWARD BRAMSON


4.

State whether notification relates to a person

connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person


MR 
BRAMSON IS THE MANAGING MEMBER OF SHERBORNE INVESTORS GP, LLC.  SHERBORNE INVESTORS GP, LLC IS THE GENERAL PARTNER OF SHERBORNE INVESTORS LP, WHICH IS THE MANAGING MEMBER OF HAYDEN INVESTORS PARTNERS, LLC.  HAYDEN INVESTORS PARTNERS, LLC HOLDS ORDINARY SHARES IN THE ISSUER THROUGH HANOVER NOMINEES LIMITED


SHERBORNE INVESTORS LP ALSO HOLDS ORDINARY SHARES IN THE ISSUER THROUGH HANOVER NOMINEES LIMITED OVER WHICH IT HAS DIRECT OWNERSHIP.


EDWARD BRAMSON ALSO HOLDS FURTHER ORDINARY SHARES IN THE ISSUER THROUGH BOTH HANOVER NOMINEES LIMITED AND MERRILL LYNCH, PIERCE, FENNER & SMITH, INC OVER WHICH HE HAS DIRECT OWNERSHIP.


5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial

interest 1

THIS NOTIFICATION IS IN RESPECT OF HOLDINGS HELD INDIRECTLY BY SHERBORNE INVESTORS GP, LLC
, AS EXPLAINED IN SECTION 4.


6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares



ORDINARY SHARES OF 3 & 1/3 PENCE EACH IN SPIRENT COMMUNICATIONS PLC


7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them


HAYDEN INVESTORS PARTNERS, LLC (
NIL)


SHERBORNE INVESTORS LP (NIL)


EDWARD BRAMSON (220,000 ORDINARY SHARES)


8.

State the nature of the transaction




DISPOSAL
 OF ORDINARY SHARES


9.

Number of shares, debentures or financial

instruments relating to shares acquired


NIL

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

NIL


11.

Number of shares, debentures or financial

instruments relating to shares disposed


8
,882,725


12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

1.3
2%


13.

Price per share or value of transaction

8
5.44p PER SHARE


14.

Date and place of transaction

17
 SEPTEMBER 2009


15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)


2
20,000 (0.03%)


16.

Date issuer informed of transaction






18
 SEPTEMBER 2009



If a person discharging managerial responsibilities has been granted options by the issuer

complete the following boxes


17.

Date of grant





18.

Period during which or date on which exercisable




19.

Total amount paid (if any) for grant of the option



20.

Description of shares or debentures involved (class and number)




21.

Exercise price (if fixed at time of grant) or

indication that price is to be fixed at the time of exercise




22.

Total number of shares or debentures over which options held following notification




23.

Any additional information

24.

Name of contact and telephone number for queries


Name of authorised official of issuer responsible for making notification


RACHEL WHITING, COMPANY SECRETARY


Date of notification


21 SEPTEMBER 2009



Notes:    This form is intended for use by an issuer to make a RIS notification required by DR 3.3.


(1)

An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)

An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3)

An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)

An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.



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