Director/PDMR Shareholding

RNS Number : 3071X

Spirent Communications PLC

27 August 2015

 

SPIRENT COMMUNICATIONS PLC

DIRECTOR / PDMR SHAREHOLDING -

SPIRENT EMPLOYEE SHARE PURCHASE PLAN (THE "PLAN")

London, UK - 27th August 2015: Spirent Communications plc ("the Company") (LSE: SPT), a leading communications technology company, would like to notify the market in accordance with the Financial Conduct Authority's ("FCA") Disclosure and Transparency Rules of the following changes in the interests of a Director / Person Discharging Managerial Responsibility resulting from their participation in the UK and US Spirent Employee Share Purchase Plan ("ESPP"):

The Company was notified on 25th August 2015 that the following Directors / Persons Discharging Managerial Responsibility for the Company acquired shares under the Spirent UK Employee Share Purchase Plan 2005 ("UK ESPP") and Spirent US Employee Stock Purchase Plan ("US ESPP") on 25th August 2015 at a price of £0.79 per share, to be held through UK ESPP and US ESPP respectively:

UK ESPP

Director	Number of 3 1/3 pence Ordinary Shares acquired	Total holding following notification
Eric Hutchinson	482	1,308,647
Rachel Whiting	241	86,156

US ESPP

PDMR	Number of 3 1/3 pence Ordinary Shares acquired	Total holding following notification
Nigel Wright	173	8,086

The purchase included the reinvestment of dividends paid on 8 May 2015 on shares held under the UK and US ESPP. Such reinvestment occurred on the 24^th July 2015 at a price of £0.93 per share.

The UK and US ESPPs are all-employee plans, under which UK and US employees are able to buy Ordinary Shares in the Company of 3 1/3 pence each using deductions from salary.

Directors and others are bound by the Company's Share Dealing Code (the "Code") and may not change their monthly deductions from salary during close periods or when otherwise prohibited from dealing by the Code.

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Enquiries

Angus Iveson                            Spirent Communications plc                   [phone]

Company Secretary & General Counsel

About Spirent Communications plc

Spirent Communications plc is a global leader in test and measurement inspiring innovation within development labs, communication networks and IT organisations.  We enable today's communication ecosystem as well as tomorrow's emerging enterprises to deploy life-enriching communications networks, devices, services and applications.  Further information about Spirent Communications plc can be found at www.spirent.com.

Spirent Communications plc Ordinary Shares are traded on the London Stock Exchange (ticker: SPT).  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 www.pinksheets.com.

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.

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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