Spirent Communications PLC Director/PDMR Shareholding (8644U)

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RNS Number : 8644U

Spirent Communications PLC

02 April 2019

SPIRENT COMMUNICATIONS PLC

2 April 2019

DIRECTOR / PDMR SHAREHOLDING

 
 1.   Details of PDMR / person closely associated 
      Name                            Eric Updyke 
     ------------------------------  ---------------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------ 
 a)   Position / status               PDMR 
     ------------------------------  ---------------------------------------------- 
 b)   Initial notification            Initial notification 
       / amendment 
     ------------------------------  ---------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------------ 
 a)   Full name of the entity         Spirent Communications plc 
     ------------------------------  ---------------------------------------------- 
 b)   Legal Entity Identifier         213800HKCUNWP1916L38 
       Code 
     ------------------------------  ---------------------------------------------- 
 4.   Details of the transaction(s) 
     ------------------------------------------------------------------------------ 
 a)   Description of the financial    Ordinary shares of 3 1/3 pence each 
       instrument 
 
       Identification code             GB0004726096 
     ------------------------------  ---------------------------------------------- 
 b)   Nature of the transaction       In line with the announcement made 
                                       on 1 April 2019, Spirent Communications 
                                       plc entered into an agreement on 1 
                                       April 2019 with Eric Updyke to replace 
                                       awards forfeited on leaving a previous 
                                       employer. 
 
                                       This arrangement has been put in place 
                                       in accordance with Listing Rule 9.4.2, 
                                       which allows an individual scheme to 
                                       be put in place to assist the recruitment 
                                       of an executive director, and is consistent 
                                       with Spirent Communications plc's Directors' 
                                       Remuneration Policy. 
 
                                       An award of Restricted Stock Units 
                                       is made under the Spirent Long-term 
                                       Incentive Plan / Listing Rule 9.4.2 
                                       with 34% vesting on 5 May 2020, 33% 
                                       vesting on 5 May 2021 and 33% vesting 
                                       on 5 May 2022 
     ------------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)    Volume(s) 
                                        GBP0.00     663,769 
                                                   ---------- 
     ------------------------------  ---------------------------------------------- 
 d)        Aggregated information 
 
             *    Aggregated volume     663,769 
 
                                        GBP0.00 
 
             *    price 
     ------------------------------  ---------------------------------------------- 
 e)   Date of the transaction         1 April 2019 
     ------------------------------  ---------------------------------------------- 
 f)   Place of the transaction        Outside a trading venue 
     ------------------------------  ---------------------------------------------- 
 

Beneficial interest in the Company following these transactions were:

 
 PDMR           Total number of shares over which options 
                                                     held 
 Eric Updyke                                      663,769 
               ------------------------------------------ 
 

Enquiries

   Michelle Balch                         Spirent Communications plc              [phone] 

Deputy Company Secretary

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April 02, 2019 07:20 ET (11:20 GMT)