26th Aug 2005 17:10
Spirent PLC26 August 2005 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIALRESPONSIBILITY OR CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification requiredby DR 3.1.4R(1). (1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. (2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. (3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. (4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. Please complete all relevant boxes in block capital letters. 1. Name of the issuer SPIRENT PLC 2. State whether the notification relates to (i) a transaction notified inaccordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (asextended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) (III) BOTH (I) AND (II) 3. Name of person discharging managerial responsibilities/director ERIC HUTCHINSON 4. State whether notification relates to a person connected with a persondischarging managerial responsibilities/director named in 3 and identify theconnected person N/A 5. Indicate whether the notification is in respect of a holding of the personreferred to in 3 or 4 above or in respect of a non-beneficial interest IN RESPECT OF DIRECTOR'S NON-BENEFICIAL HOLDING (SEE ADDITIONAL INFORMATIONBELOW - PERFORMANCE SHARE AWARD) 6. Description of shares (including class), debentures or derivatives orfinancial instruments relating to shares ORDINARY SHARES OF 3 & 1/3 PENCE EACH 7. Name of registered shareholders(s) and, if more than one, the number ofshares held by each of them SEE ADDITIONAL INFORMATION BELOW - PERFORMANCE SHARE AWARD ISSUED AS NEW SHARESON VESTING 8 State the nature of the transaction PERFORMANCE SHARE AWARD 9. Number of shares, debentures or financial instruments relating to sharesacquired 187,200 10. Percentage of issued class acquired (treasury shares of that class shouldnot be taken into account when calculating percentage) 0.019 % 11. Number of shares, debentures or financial instruments relating to sharesdisposed N/A 12. Percentage of issued class disposed (treasury shares of that class shouldnot be taken into account when calculating percentage) N/A 13. Price per share or value of transaction AWARD MADE WITH NO MONETARY CONSIDERATION CALCULATED BY REFERENCE TO SHARE PRICEOF 53.00 PENCE PER SHARE AT CLOSE OF BUSINESS ON THURSDAY, 25 AUGUST 2005. 14. Date and place of transaction 25 AUGUST 2005CRAWLEY, WEST SUSSEX 15. Total holding following notification and total percentage holding followingnotification (any treasury shares should not be taken into account whencalculating percentage) 940,907 ORDINARY SHARES REPRESENTING 0.098% OF ISSUED SHARE CAPITAL (187,200 ARENON-BENEFICIAL AND 753,707 ARE BENEFICIAL) 16. Date issuer informed of transaction 25 AUGUST 2005 If a person discharging managerial responsibilities has been granted options bythe issuer complete the following boxes 17 Date of grant 25 AUGUST 2005 18. Period during which or date on which it can be exercised 25 AUGUST 2008 TO 24 AUGUST 2015 19. Total amount paid (if any) for grant of the option N/A 20. Description of shares or debentures involved (class and number) 695,300 OPTIONS OVER ORDINARY SHARES OF 3 & 1/3 PENCE EACH 21. Exercise price (if fixed at time of grant) or indication that price is to befixed at the time of exercise 53.00 PENCE PER SHARE 22. Total number of shares or debentures over which options held followingnotification 3,904,533 OPTIONS OVER ORDINARY SHARES OF 3 & 1/3 PENCE EACH 23. Any additional information 1. PERFORMANCE SHARE AWARD MR HUTCHINSON HAS BEEN GRANTED PERFORMANCE SHARES IN THE FORM OF A CONDITIONALAWARD OF SHARES UNDER THE SPIRENT EMPLOYEE INCENTIVE PLAN. THE SHARES TO SATISFYTHIS AWARD WILL BE NEWLY ISSUED ON THE VESTING DATE ON 25 AUGUST 2008. MRHUTCHINSON WILL ONLY RECEIVE THE BENEFICIAL INTEREST IN THESE PERFORMANCE SHARESIF HE REMAINS EMPLOYED BY THE COMPANY ON THAT DATE AND PROVIDED THAT THE COMPANYMEETS THE PERFORMANCE CONDITIONS SET BY THE REMUNERATION COMMITTEE IN RESPECT OFTHIS AWARD. 2. GRANT OF SHARE OPTIONS THE OPTION AWARD HAS BEEN MADE UNDER THE SPIRENT EMPLOYEE INCENTIVE PLAN ANDVESTING ON THE THIRD ANNIVERSARY OF THE GRANT DATE IS SUBJECT TO THE COMPANYMEETING THE PERFORMANCE CONDITIONS SET BY THE REMUNERATION COMMITTEE IN RESPECTOF THIS AWARD. 24. Name of contact and telephone number for queries MICHAEL ANSCOMBE, ASSISTANT COMPANY SECRETARYTel: 01293 767676 Name and signature of duly authorised officer of issuer responsible for makingnotification MICHAEL ANSCOMBE, ASSISTANT COMPANY SECRETARY Date of notification 26 AUGUST 2005 END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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