Director/PDMR Shareholding

RNS Number : 1482W

Spirent Communications PLC

14 August 2015

 

SPIRENT COMMUNICATIONS PLC

DIRECTORS / PDMR SHAREHOLDINGS

London, UK - 14 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 Services Authority's ("FSA") Disclosure and Transparency Rules of the following changes in the interests of a Director / Person Discharging Managerial Responsibility:

On 14 August 2015, Eric Hutchinson, Chief Executive Officer exercised the following HMRC-approved options granted under the Spirent Employee Incentive Plan 2005:

Date of Grant	Date of Expiry	Number of Options exercised	Exercise Price
25 August 2005	25 August 2015	56,600	0.5300

Mr Hutchinson has transferred 36,000 of the resulting Ordinary shares to his wife, Dr Suzanne Rosemarie Hutchinson, who has sold them at a price of £0.805688 per share.  The remaining 20,600 of the resulting Ordinary shares have been sold by Mr Hutchinson at a price of £0.805688 per share.

The Company was also notified on 14 August 2015 that on Friday 14 August 2015, Mr Hutchinson purchased 56,600 Ordinary shares in the Company at a price of £0.811745 per Ordinary share.

After these transactions, Mr Hutchinson has increased his beneficial interest in the Company to 1,364,765 Ordinary shares (0.223% of the Company's issued Ordinary Share capital at the date of this announcement) and holds 1,330,415 share incentive awards.

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Enquiries

Michelle Balch                          Spirent Communications plc                   [phone]

Assistant Company Secretary

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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