CRAWLEY, U.K., May 13, 2004 (PRIMEZONE) -- SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1. Name of company
SPIRENT PLC
2. Name of director
MY E CHUNG
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 THE DIRECTOR'S NON-BENEFICIAL HOLDING (SEE ADDITIONAL INFORMATION)
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)
5. Please state whether notification relates to a person(s) connected with the director named in 2 above and identify the connected person(s)
N/A
6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary
SALE OF ORDINARY SHARES (SEE ADDITIONAL INFORMATION).
7. Number of shares / amount of stock acquired
N/A
8. Percentage of issued class
N/A
9. Number of shares/amount of stock disposed
12,604
10. Percentage of issued class
0.0001%
11. Class of security
ORDINARY SHARES OF 3 1/3 PENCE EACH
12. Price per share
63.50 PENCE
13. Date of transaction
12 MAY 2004
14. Date company informed
13 MAY 2004
15. Total holding following this notification
75,721 ORDINARY SHARES IN TOTAL ALL OF WHICH ARE HELD BENEFICIALLY IN THE FORM OF ADRs
16. Total percentage holding of issued class following this notification
0.008 %
If a director has been granted options by the company please complete the following boxes.
17. Date of grant
N/A
18. Period during which or date on which exercisable
N/A
19. Total amount paid (if any) for grant of the option
N/A
20. Description of shares or debentures involved: class, number
N/A
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise
N/A
22. Total number of shares or debentures over which options held following this notification
N/A
23. Any additional information
MY CHUNG HAD A NON BENEFICIAL INTEREST IN 39,620 ORDINARY SHARES WHICH WERE HELD BY ORBIS PENSION TRUSTEES LIMITED AS TRUSTEES UNDER THE TERMS OF THE SPIRENT ANNUAL INCENTIVE BONUS PLAN. PURSUANT TO THE TERMS OF THE PLAN, THE 39,620 ORDINARY SHARES WERE RELEASED FROM TRUST TO MY CHUNG AFTER A THREE YEAR RETENTION PERIOD. 12,604 OF THE ORDINARY SHARES WERE SOLD BY THE TRUSTEE TO COVER THE TAX LIABILITY ON RELEASE AND THE REMAINING 27,016 ORDINARY SHARES WERE RETAINED BY MR CHUNG. MR CHUNG NOW BENEFICIALLY HOLDS 75,721 ORDINARY SHARES, ALL OF WHICH ARE HELD IN THE FORM OF AMERICAN DEPOSITARY RECEIPTS.
24. Name of contact and telephone number for queries
MICHAEL ANSCOMBE : 01293 767672
25. Name and signature of authorised company official responsible for making this notification
MICHAEL ANSCOMBE ASSISTANT COMPANY SECRETARY
Date of Notification
13 MAY 2004
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