20th Dec 2005 13:47
Spirent PLC20 December 2005 SPIRENT PLC - NOTIFICATION OF DEEMED INTERESTS BY DIRECTORS, PERSONS DISCHARGINGMANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS Spirent Sharesave Trust Limited, the trustee for the Spirent Sharesave Trust ("the Trust"), has today transferred 60,385 Ordinary shares in Spirent plc (the "Company") at an option price of 41 pence per share to satisfy the exercise ofoptions under the Company's Savings Related Share Option Scheme. Following thistransfer the total number of Ordinary shares held by the Trust is : 3,266,142 (representing 0.3382% of the issued share capital of the Company). The Company's executive directors are potential beneficiaries of the Trust(together with all other UK employee share option holders) and are, therefore,treated under the Companies Act 1985 as having a deemed interest in the totalnumber of shares held by the Trust. As a result, the directors' deemed interestin the Trust has been reduced by the above number of shares transferred. For the avoidance of doubt, the Company confirms that this notification does notrelate to an actual dealing in securities by the executive directors whoseinterests in the Company's securities remain unchanged notwithstanding the aboveevents. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Spirent