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Spirent Comm PLC (SPT)

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Thursday 03 April, 2014

Spirent Comm PLC

Further Information regarding Remuneration Policy

RNS Number : 9673D
Spirent Communications PLC
03 April 2014
 



SPIRENT COMMUNICATIONS PLC

 

Further information for shareholders regarding

remuneration policy for executive directors

 

London, UK - 3 April 2014: Spirent Communications plc ("the Company") (LSE: SPT), a leading communications technology company, would like to announce:

 

Following discussions with shareholder representatives, the Remuneration Committee would like to clarify that any additional cash or share-based awards offered on recruitment of an executive director which may fall outside the policy statement on pages 60 to 62 of the Annual Report 2013 would be performance-related and would therefore be regarded as variable remuneration and fall within the Company's standard 400% cap.

 

The Remuneration Committee does not envisage any cash payment being offered which could be construed as a "golden hello".

 

Tom Maxwell

Chairman of the Remuneration Committee

 

 

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Enquiries

Rachel Whiting                          Spirent Communications plc                   +44 (0)1293 767676

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.

 

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.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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