Spirent Communications PLC Director/PDMR Shareholding (9933L)
05 Mayo 2020 - 08:43AM
UK Regulatory
TIDMSPT
RNS Number : 9933L
Spirent Communications PLC
05 May 2020
SPIRENT COMMUNICATIONS PLC (the "Company")
5 May 2020
DIRECTOR / PDMR SHAREHOLDING: Vesting and Exercise of
Performance Share Awards under Spirent Long-Term Incentive Plan
The Company confirms that on 4 May 2020 the performance
conditions attached to 279,661 Performance Shares awarded to Paula
Bell on 4 May 2017 were tested, with the following results:
50% of award subject to EPS performance condition 100% vest
50% of award subject to TSR performance condition 100% vest
As a result, 279,661 shares vested and became exercisable by Ms
Bell.
Awards of Performance Shares 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 Paula Bell
2. Reason for the notification
a) Position / status CFO
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 national insurance liabilities
c) Price(s) and volume(s) Price(s) Volume(s)
(i) GBP0.0000 279,661
(ii) GBP2.3500 131,769
d) Aggregated information
- Aggregated volume n/a
- price n/a
e) Date of the transaction 4 May 2020
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
Paula Bell 513,596 637,905
Enquiries
Michelle Balch Spirent Communications plc +44 (0)1293 767676
Deputy Company Secretary
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END
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