Spirent Communications PLC — Director's Dealing 2019

Apr 2, 2019

National Storage Mechanism | Additional information

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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 / 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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