UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April, 2003
SPIRENT plc
_____________________________________________________________________
(Translation of registrant's name into English)
Spirent House, Crawley Business Quarter, Fleming Way, Crawley, West Sussex
RH10 9QL, UK.
_____________________________________________________________________
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F.....
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ..... No X
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- ________
818 - 04 April 2003
Spirent plc Completes divestment of wago
New borrowing terms effective
Spirent plc (LSE: SPT; NYSE: SPM), a leading international network technology
company, announces that it has completed the divestment of its interests in
WAGO, its interconnection joint venture, to its joint venture partners. As a
consequence, and given that all the associated conditions precedent have now
been satisfied, the new borrowing terms attaching to Spirent's syndicated bank
facility and loan notes have become effective.
- ends -
Enquiries
Nicholas Brookes, Chief Executive Spirent plc +44 (0)1293 767676
Eric Hutchinson, Finance Director
Investor Relations
Catherine Nash Spirent plc +44 (0)1293 767676
Media
Jon Coles/Rupert Young Brunswick +44 (0)20 7404 5959
About Spirent
Spirent plc is an international network technology company providing
state-of-the-art systems and solutions for a broad range of customers worldwide.
Our Communications group is a worldwide provider of integrated performance
analysis and service assurance systems for next-generation network technologies.
Spirent's solutions accelerate the development and deployment of network
equipment and services by emulating real-world conditions and assuring
end-to-end performance of large-scale networks. Our Network Products group
provides innovative solutions for fastening, identifying, insulating,
organising, routing and connectivity that add value to electrical and
communication networks in a wide range of applications. Our Systems group offers
integrated product solutions for the aerospace and power controls markets.
Further information about Spirent plc can be found at www.spirent.com
Spirent plc is listed on the London Stock Exchange (ticker: SPT) and on the New
York Stock Exchange (ticker: SPM; CUSIP number: 84856M209) with one American
Depositary Receipt representing four Ordinary shares.
Spirent and the Spirent logo are trademarks of Spirent plc. All rights reserved.
This press release may contain forward-looking statements (as that term is
defined in the United States Private Securities Litigation Reform Act 1995)
based on current expectations or beliefs, as well as assumptions about future
events. You can sometimes, but not always, identify these statements by the use
of a date in the future or such words as "will," "anticipate," "estimate,"
"expect," "project," "intend," "plan," "should," "may," "assume" and other
similar words. By their nature, forward-looking statements are inherently
predictive and speculative and involve risk and uncertainty because they relate
to events and depend on circumstances that will occur in the future. You should
not place undue reliance on these forward-looking statements, which are not a
guarantee of future performance and are subject to factors that could cause our
actual results to differ materially from those expressed or implied by these
statements. Such factors include, but are not limited to: the effects of
competition on our business; our ability to develop and commercialise new
products and services and realise product synergies; risks relating to the
acquisition or sale of businesses and our subsequent ability to integrate
businesses; our ability to meet and achieve the benefits of our cost reduction
goals and otherwise successfully adopt cost structures to respond to changes in
business conditions; risks that our cost cutting initiatives will impair our
ability to develop products and remain competitive; our ability to improve
efficiency and adapt to the current economic slowdown and other changes in
demand; changes in the business, financial condition or prospects of one or more
of our major customers; our reliance on third party manufacturers and suppliers;
risks of not retaining or increasing market share; our exposure to liabilities
for product defects; our reliance on proprietary technology; our ability to
attract and retain qualified personnel; risks of doing business internationally;
changes in market conditions in the markets in which we participate or in
general economic or political conditions; and other risks described from time to
time in Spirent plc's Securities and Exchange Commission periodic reports and
filings. The Company undertakes no obligation to update any forward-looking
statements contained in this press release, whether as a result of new
information, future events or otherwise. Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
______LUKE THOMAS______
(Registrant)
Date___4 April 2003____ By ____/s/ Luke Thomas____
(Signature)*