CRAWLEY, UK, Aug. 6, 2004 (PRIMEZONE) -- Spirent PLC:
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1. Name of company
SPIRENT PLC
2. Name of director
ANDERS GUSTAFSSON
3. Please state whether notification indicates that it is in respect
of holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it
is a holding of that person's spouse or children under the age of 18
or in respect of a non-beneficial interest
IN RESPECT OF DIRECTOR'S NON-BENEFICIAL HOLDING (SEE ADDITIONAL
INFORMATION - NOTE 1 - CONDITIONAL SHARE AWARD)
4. Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)
ORBIS PENSION TRUSTEES LIMITED (SEE ADDITIONAL INFORMATION - NOTE 1 -
CONDITIONAL SHARE AWARD)
5. Please state whether notification relates to a person(s) connected
with the director named in 2 above and identify the connected
person(s)
NOT APPLICABLE
6. Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if
discretionary/non discretionary
CONDITIONAL SHARE AWARD
7. Number of shares / amount of stock acquired
180,180
8. Percentage of issued class
0.02 %
9. Number of shares/amount of stock disposed
NOT APPLICABLE
10. Percentage of issued class
NOT APPLICABLE
11. Class of security
ORDINARY SHARES OF 3 1/3 PENCE EACH
12. Price per share
55.50 PENCE
13. Date of transaction
5 AUGUST 2004
14. Date company informed
5 AUGUST 2004
15. Total holding following this notification
180,180 ORDINARY SHARES HELD NON-BENEFICIALLY BY THE DIRECTOR (SEE
ADDITIONAL INFORMATION - NOTE 1 - CONDITIONAL SHARE AWARD)
16. Total percentage holding of issued class following this
notification
0.02 %
If a director has been granted options by the company please complete
the following boxes.
17. Date of grant
5 AUGUST 2004 (SEE ADDITIONAL INFORMATION - NOTE 2 - GRANT OF SHARE
OPTIONS)
18. Period during which or date on which exercisable
SUBJECT TO THE ACHIEVEMENT OF PERFORMANCE CONDITIONS, THE GRANT OF
OPTIONS IS EXERCISABLE BETWEEN 5 AUGUST 2007 AND 4 AUGUST 2014. THE
GRANT WILL LAPSE AFTER 4 AUGUST 2014.
19. Total amount paid (if any) for grant of the option
NOT APPLICABLE
20. Description of shares or debentures involved: class, number
1,800,000 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 be fixed at time of exercise
55.50 PENCE EACH
22. Total number of shares or debentures over which options held
following this notification
1,800,000 OPTIONS OVER ORDINARY SHARES OF 3 1/3 PENCE EACH
23. Any additional information
1. CONDITIONAL SHARE AWARD
MR GUSTAFSSON JOINED SPIRENT PLC AS A DIRECTOR ON 2 AUGUST 2004 AND
HAS BEEN GRANTED A CONDITIONAL AWARD OF SHARES. THE SHARES TO SATISFY
THE AWARD ARE HELD BY THE COMPANY'S EMPLOYEE SHARE OWNERSHIP TRUST,
ORBIS PENSION TRUSTEES LIMITED.
MR GUSTAFSSON WILL NOT OBTAIN A BENEFICIAL INTEREST IN THE SHARES
UNTIL THE EXPIRY OF THREE YEARS FROM THE DATE HE JOINED THE COMPANY
AT WHICH TIME, SUBJECT TO HIM STILL BEING IN THE COMPANY'S
EMPLOYMENT, THE BENEFICIAL SHARE INTEREST WILL BE RELEASED TO HIM.
THERE ARE NO OTHER PRE-RELEASE PERFORMANCE CONDITIONS TO BE
SATISFIED.
2. GRANT OF SHARE OPTIONS
THE OPTION AWARD WAS MADE UNDER THE SPIRENT EXECUTIVE SHARE OPTION
SCHEME.
24. Name of contact and telephone number for queries
LUKE THOMAS : 01293 767658
25. Name and signature of authorised company official responsible for
making this notification
LUKE THOMAS - DEPUTY COMPANY SECRETARY
Date of Notification
6 AUGUST 2004
The FSA does not give any express or implied warranty as to the
accuracy of this document or material and does not accept any
liability for error or omission.
The FSA is not liable for any damages (including, without limitation,
damages for loss of business or loss of profits) arising in contract,
tort or otherwise from the use of or inability to use this document,
or any material contained in it, or from any action or decision taken
as a result of using this document or any such material.
This information is provided by RNS
The company news service from the London Stock Exchange