Crawley, UK, Aug. 6, 2004 (PRIMEZONE) -- Spirent PLC (NYSE:SPM) announces Director shareholding:
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1. Name of company
SPIRENT PLC
2. Name of director
MY ENGU 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 DIRECTOR'S HOLDING
4. Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)
NOT APPLICABLE
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
NOT APPLICABLE
7. Number of shares / amount of stock acquired
NOT APPLICABLE
8. Percentage of issued class
NOT APPLICABLE
9. Number of shares/amount of stock disposed
NOT APPLICABLE
10. Percentage of issued class
NOT APPLICABLE
11. Class of security
NOT APPLICABLE
12. Price per share
NOT APPLICABLE
13. Date of transaction
NOT APPLICABLE
14. Date company informed
NOT APPLICABLE
15. Total holding following this notification
NOT APPLICABLE
16. Total percentage holding of issued class following this
notification
NOT APPLICABLE
If a director has been granted options by the company please complete
the following boxes.
17. Date of grant
5 AUGUST 2004
18. Period during which or date on which exercisable
SUBJECT TO ACHIEVEMENT OF PERFORMANCE CONDITIONS, 25% OF THE GRANT
WILL BE EXERCISABLE ON EACH OF THE FIRST, SECOND, THIRD AND FOURTH
ANNIVERSARIES OF THE DATE OF GRANT RESPECTIVELY. THE FINAL EXERCISE
DATE WILL BE 4 AUGUST 2011 AFTER WHICH THE GRANT WILL LAPSE.
19. Total amount paid (if any) for grant of the option
NOT APPLICABLE
20. Description of shares or debentures involved: class, number
600,000 STOCK APPRECIATION RIGHTS 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
3,770,088 OPTIONS OR OTHER RIGHTS OVER ORDINARY SHARES OF 3 1/3
PENCE EACH
23. Any additional information
THE GRANT IS MADE UNDER THE SPIRENT STOCK INCENTIVE PLAN
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
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