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Regulatory Story
Company Spirent Communications PLC
TIDM SPT
Headline Director/PDMR Shareholding
Released 12:20 02-Apr-2019
Number 8644U12

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 / amendment

 

Initial notification

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 Code

 

213800HKCUNWP1916L38

4.

Details of the transaction(s)

a)

Description of the financial instrument

 

Identification code

 

Ordinary shares of 3 1/3 pence each

 

 

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

 

-     price

 

 

 

663,769

 

GBP0.00

 

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              +44 (0)1293 767676

Deputy Company Secretary


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