Spirent Communications PLC Director/PDMR Shareholding (8644U)
April 02 2019 - 6:20AM
UK Regulatory
TIDMSPT
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
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2. Reason for the notification
------------------------------------------------------------------------------
a) Position / status PDMR
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b) Initial notification Initial notification
/ amendment
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3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a) Full name of the entity Spirent Communications plc
------------------------------ ----------------------------------------------
b) Legal Entity Identifier 213800HKCUNWP1916L38
Code
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4. Details of the transaction(s)
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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
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e) Date of the transaction 1 April 2019
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f) Place of the transaction Outside a trading venue
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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 +44 (0)1293 767676
Deputy Company Secretary
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END
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