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LONDON - Spirent (LON:SPT) Communications plc (LSE: SPT), a leader in automated test and assurance solutions for advanced networks and devices, announced today that its shareholders have passed the new Directors' Remuneration Policy and the Spirent plc Long-Term Incentive Plan (LTIP) 2024 at the Annual General Meeting (AGM) held in 2024. While the resolutions were approved by the necessary majority, the company acknowledged the presence of dissenting votes.
The Remuneration Committee expressed gratitude to shareholders who supported the changes and noted that extensive consultations were held during the policy engagement process. Many shareholders understood the rationale behind the proposed changes, according to the company's statement. The Committee also clarified that the LTIP for 2024 would mirror the structure used in 2023, with no intention to employ the hybrid structure during the year.
The statement further addressed the impact of the proposed acquisition by Keysight on Spirent's shareholder register, which has seen significant changes. This has made it impractical to hold consultations post-AGM, as many dissenting shareholders are no longer on the current register.
Looking ahead, the Committee has initiated consultations with shareholders regarding the implementation of the policy in 2025.
Spirent Communications, with its commitment to innovation, offers a range of products and services that tackle the challenges posed by emerging technologies such as 5G, SD-WAN, cloud computing, autonomous vehicles, and more. The company's shares are traded on the London Stock Exchange (LON:LSEG), and it also operates a Level 1 American Depositary Receipt (ADR) program in the US over-the-counter market.
This news is based on a press release statement provided by Spirent Communications plc.
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