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Spirent Communications to issue 16.5 million new shares

Published 05/03/2025, 13:04
Spirent Communications to issue 16.5 million new shares
SPT
0.21%

LONDON - Spirent (LON:SPT) Communications plc (LSE: SPT), a leader in automated test and assurance solutions for advanced devices and networks, has announced its application for the listing of 16.5 million new ordinary shares. The shares are set to be admitted to the Official List on March 7, 2025, following approval by the Financial Conduct Authority and the London Stock Exchange (LON:LSEG) Plc.

The new shares, each with a nominal value of 3 ⅓p, will be issued under a block listing and are part of the Spirent Long-Term Incentive Plan, which includes the Deferred Bonus Plan. Once issued, these shares will rank equally with the existing ordinary shares in terms of voting rights and dividends.

This strategic move by Spirent Communications aims to fulfill the company’s obligations under its incentive programs, designed to retain and motivate employees by aligning their interests with those of the shareholders.

Spirent Communications is recognized globally for its innovative solutions that tackle the challenges posed by new technologies such as 5G, SD-WAN, Cloud, and autonomous vehicles. The company’s products and services are integral to the development and assurance of these technologies, from laboratory testing to real-world implementation.

The company’s ordinary shares are traded on the London Stock Exchange, and it also operates a Level 1 American Depositary Receipt (ADR) program in the United States. Each ADR represents four Spirent Communications plc ordinary shares and is traded over-the-counter under the symbol SPMYY.

This announcement is based on a press release statement and includes forward-looking statements subject to risks and uncertainties. Spirent Communications advises against placing undue reliance on these statements as they are not guarantees of future performance and could be affected by factors that may cause actual results to differ.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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