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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Spirent Communications Plc | LSE:SPT | London | Ordinary Share | GB0004726096 | ORD 3 1/3P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.30 | 0.68% | 193.50 | 193.50 | 194.10 | 196.00 | 192.00 | 196.00 | 4,019,120 | 16:35:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Communications Equip, Nec | 474.3M | 25.2M | 0.0435 | 44.55 | 1.12B |
TIDMSPT
RNS Number : 8068X
Spirent Communications PLC
06 May 2021
SPIRENT COMMUNICATIONS PLC (the "Company")
06 May 2021
DIRECTOR / PDMR SHAREHOLDING: Vesting and Exercise of Restricted Stock Awards under Spirent Long-Term Incentive Plan
The Company confirms that its Remuneration Committee (the "Committee") has considered the following performance conditions attached to Restricted Stock Awards awarded on 1 April 2019 to Eric Updyke:
- Mr Updyke's continuing to be employed with the Spirent Communications plc Group at the date of vesting;
- Acceptable personal performance up to the date of vesting as determined by the Committee.
Following consideration of these performance conditions, the Committee has agreed that the second tranche of the awards, in the amount of 219,044 Restricted Stock Units, should vest at 100%.
Awards of Restricted Stock under the Spirent Long-Term Incentive Plan are not tax approved and income tax and social security deductions become payable by the individual on vesting.
As a result of the vesting of this award, the following transactions have taken place:
1. Details of PDMR / person closely associated Name Eric Updyke ------------------------------ --------------------------------------------- 2. Reason for the notification ----------------------------------------------------------------------------- a) Position / status CEO ------------------------------ --------------------------------------------- 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 (i) Exercise of shares arising from Spirent Long-Term Incentive Plan at nil-cost (ii) Sale of shares in market to cover tax and social security liabilities ------------------------------ --------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) (i) GBP0.0000 219,044 ----------- ---------- (ii) GBP2.5064 111,119 ----------- ---------- ------------------------------ --------------------------------------------- d) Aggregated information * Aggregated volume n/a n/a * price ------------------------------ --------------------------------------------- e) Date of the transaction 05 May 2021 ------------------------------ --------------------------------------------- f) Place of the transaction (i) Outside a trading venue (ii) London ------------------------------ ---------------------------------------------
Following this notification, the individuals listed above hold options over the following total number of shares:
Director / PDMR Total beneficial Total number of shares interest in over which options held shares Eric Updyke 224,274 1,728,122 ----------------- -------------------------
Enquiries
Michelle Balch Spirent Communications plc +44 (0)1293 767676
Deputy Company Secretary
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(END) Dow Jones Newswires
May 06, 2021 06:42 ET (10:42 GMT)
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