-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AX6TS8X9OH8LN32d+EX10VScWRXkjQ/C/I9OFgP0URyUJwclrS5pnSdAKO/QsKud UMihazjvX2mMWbGYav2kmw== 0001116679-06-002013.txt : 20060823 0001116679-06-002013.hdr.sgml : 20060823 20060823155426 ACCESSION NUMBER: 0001116679-06-002013 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060823 DATE AS OF CHANGE: 20060823 GROUP MEMBERS: HANOVER STRATEGIC FUND A, LLC GROUP MEMBERS: HANOVER STRATEGIC FUND B, LLC GROUP MEMBERS: HAYDEN INVESTORS PARTNERS II, LLC GROUP MEMBERS: HAYDEN INVESTORS PARTNERS, LLC GROUP MEMBERS: SHERBORNE INVESTORS CO., LP GROUP MEMBERS: SHERBORNE INVESTORS GP, LLC GROUP MEMBERS: SHERBORNE MANAGEMENT CO., LP GROUP MEMBERS: SHERBORNE MANAGEMENT GP, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SPIRENT COMMUNICATIONS PLC CENTRAL INDEX KEY: 0001130498 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79167 FILM NUMBER: 061051006 BUSINESS ADDRESS: STREET 1: SPIRENT HOUSE FLEMING WAY CRAWLEY STREET 2: WEST SUSSEX RH1-2QL UK CITY: WEST SUSSEX STATE: A1 ZIP: RH102QL BUSINESS PHONE: 4412937676 MAIL ADDRESS: STREET 1: SPIRENT HOUSE CRAWLEY BUSINESS STREET 2: FLEMING WAY WEST SUSSEX WAY CITY: UNITED KINGDOM STATE: A1 ZIP: RH102QL FORMER COMPANY: FORMER CONFORMED NAME: SPIRENT PLC DATE OF NAME CHANGE: 20001226 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Sherborne Investors GP, LLC CENTRAL INDEX KEY: 0001373507 IRS NUMBER: 204960973 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 135 EAST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 735-1000 MAIL ADDRESS: STREET 1: 135 EAST 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 spirent13da-082306.htm AMEND. NO. 1

 

 

As filed with the Securities and Exchange Commission on August 23, 2006

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)

 

Spirent Communications plc

(Name of Issuer)

 

Ordinary Shares

(Title of Class of Securities)

 

G83562101

(CUSIP Number)

 

Michael L. Zuppone, Esq.

Paul, Hastings, Janofsky & Walker LLP

75 East 55th Street

New York, New York 10022

(212) 318-6906

(Name, Address and Telephone Number of Person Authorized

to Receive Notices and Communications)

 

August 22, 2006

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [    ].

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 



CUSIP No. G83562101

 

Page 2 of 17 Pages

 

SCHEDULE 13D

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Sherborne Management GP, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [    ]
(b) [    ]

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

[    ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

121,371,538

8

SHARED VOTING POWER

0

9

SOLE DISPOSITIVE POWER

121,371,538

10

SHARED DISPOSITIVE POWER

0

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

121,371,538

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

[    ]

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

13.1%

14

TYPE OF REPORTING PERSON

OO

 

 

 


 

CUSIP No. G83562101

 

Page 3 of 17 Pages

 

SCHEDULE 13D

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Sherborne Management Co., LP

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [    ]
(b) [    ]

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

[    ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

121,371,538

8

SHARED VOTING POWER

0

9

SOLE DISPOSITIVE POWER

121,371,538

10

SHARED DISPOSITIVE POWER

0

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

121,371,538

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

[    ]

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

13.1%

14

TYPE OF REPORTING PERSON

PN

 

 

 


 

CUSIP No. G83562101

 

Page 4 of 17 Pages

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Sherborne Investors GP, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [    ]
(b) [    ]

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

[    ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

121,371,538

8

SHARED VOTING POWER

0

9

SOLE DISPOSITIVE POWER

121,371,538

10

SHARED DISPOSITIVE POWER

0

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

121,371,538

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

[    ]

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

13.1%

14

TYPE OF REPORTING PERSON

OO

 

 

 


 

CUSIP No. G83562101

 

Page 5 of 17 Pages

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Sherborne Investors Co., LP

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [    ]
(b) [    ]

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

[    ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

121,371,538

8

SHARED VOTING POWER

0

9

SOLE DISPOSITIVE POWER

121,371,538

10

SHARED DISPOSITIVE POWER

0

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

121,371,538

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

[    ]

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

13.1%

14

TYPE OF REPORTING PERSON

PN

 

 

 


 

CUSIP No. G83562101

 

Page 6 of 17 Pages

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Hayden Investors Partners, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [    ]
(b) [    ]

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

[    ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

41,665,190

8

SHARED VOTING POWER

0

9

SOLE DISPOSITIVE POWER

41,665,190

10

SHARED DISPOSITIVE POWER

0

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

41,665,190

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

[    ]

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

4.5%

14

TYPE OF REPORTING PERSON

OO

 

 

 


 

CUSIP No. G83562101

 

Page 7 of 17 Pages

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Hayden Investors Partners II, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [    ]
(b) [    ]

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

[    ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

37,285,684

8

SHARED VOTING POWER

0

9

SOLE DISPOSITIVE POWER

37,285,684

10

SHARED DISPOSITIVE POWER

0

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

37,285,684

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

[    ]

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

4.0%

14

TYPE OF REPORTING PERSON

OO

 

 

 

 


 

CUSIP No. G83562101

 

Page 8 of 17 Pages

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Hanover Strategic Fund A, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [    ]
(b) [    ]

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

[    ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

29,165,434

8

SHARED VOTING POWER

0

9

SOLE DISPOSITIVE POWER

29,165,434

10

SHARED DISPOSITIVE POWER

0

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

29,165,434

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

[    ]

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

3.2%

14

TYPE OF REPORTING PERSON

OO

 

 

 


 

CUSIP No. G83562101

 

Page 9 of 17 Pages

 

1

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Hanover Strategic Fund B, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a) [    ]
(b) [    ]

3

SEC USE ONLY

 

 

4

SOURCE OF FUNDS

OO

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

[    ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

13,255,230

8

SHARED VOTING POWER

0

9

SOLE DISPOSITIVE POWER

13,255,230

10

SHARED DISPOSITIVE POWER

0

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

13,255,230

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

[    ]

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

1.4%

14

TYPE OF REPORTING PERSON

OO

 

 

 


 

CUSIP No. G83562101

 

Page 10 of 17 Pages

 

 

This Amendment No. 1 to Schedule 13D is filed by the Reporting Persons (as defined in Item 2 of this Amendment No. 1) pursuant to Rule 13d-2(a) under the Securities Exchange Act of 1934, as amended. This Amendment No. 1 to the Schedule 13D amends and supplements the Schedule 13D, as filed with the Securities and Exchange Commission (the “Commission”) on August 14, 2006, relating to the Ordinary Shares, par value 31/3 pence each (“Shares”) of Spirent Communications plc, a public limited company incorporated under the laws of England and Wales (the “Issuer”). As a result of the admission of new members to Sherborne GP, LLC, Edward Bramson is no longer a reporting person required to file a Schedule 13D with respect to the beneficial ownership of the Shares. Capitalized terms not otherwise defined in this Amendment No. 1 to Schedule 13D have the meaning given to them in such Schedule 13D.

Item 2.

Identity and Background.

Item 2 is hereby amended and restated as follows:

The Reporting Persons are:

 

(i)

   Sherborne Investors Co., LP, a Delaware limited partnership and managing member of the Funds (as
   defined below) (“Managing Member”);

 

(ii)

   Sherborne Investors GP, LLC, a Delaware limited liability company and general partner of the
   Managing Member (“Sherborne GP”);

 

(iii)

   Sherborne Management Co., LP, a Delaware limited partnership and investment manager to the
   Funds (“Sherborne Management”);

 

(iv)

   Sherborne Management GP, LLC, a Delaware limited liability company and general partner of
   Sherborne Management (“Sherborne Management GP” and together with the Managing Member,
   Sherborne GP and Sherborne Management, the “Sherborne Entities”);

 

(v)

   Hayden Investors Partners, LLC, a Delaware limited liability company (“Hayden LLC”);

 

(vi)

   Hayden Investors Partners II, LLC, a Delaware limited liability company (“Hayden II LLC”);

 

(vii)

   Hanover Strategic Fund A, LLC, a Delaware limited liability company (“Strategic Fund A”); and

 

(viii)

   Hanover Strategic Fund B, LLC, a Delaware limited liability company (“Strategic Fund B” and,
   together with Hayden LLC, Hayden II LLC and Strategic Fund A, the “Funds”).

Each of the Reporting Persons has a business address at 135 East 57th Street, New York, NY 10022.

Each of the Funds is engaged primarily in the business of investing in securities. Each of the Managing Member and Sherborne Management is engaged primarily in the business of serving

 

 

 


 

CUSIP No. G83562101

 

Page 11 of 17 Pages

 

 

as managing member or investment manager of the Funds. Each of Sherborne GP and Sherborne Management GP is engaged primarily in the business of serving as the general partner of Managing Member and Sherborne Management, respectively.

None of the Reporting Persons, during the past five years, have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.

For information required by Instruction C to Schedule 13D with respect to the members and managing directors of Sherborne GP (collectively, the “Covered Persons”), reference is made to Schedule I annexed hereto and incorporated herein by reference.

Item 3.

Source and Amount of Funds or Other Consideration.

Item 3 is hereby amended by revising the first sentence to read as follows:

The aggregate purchase price of the 121,371,538 Shares owned by the Funds is $92,500,490.57 including brokerage commissions.

Item 5.

Interest in Securities of the Issuer.

 

Item 5 (a), (b) and (c) have been amended in their entirety with the following language:

 

(a) and (b) The aggregate percentage of Ordinary Shares reported beneficially owned by the Reporting Persons as of the date of filing of this Schedule 13D is based upon 926,668,203 shares issued and outstanding as reported by the Issuer on Regulatory News Service on August 22, 2006. Sherborne Investors Co., LP, as the Managing Member of the Funds, is deemed the indirect beneficial owner of 121,371,538 Ordinary Shares. Sherborne Investors GP, LLC, as the general partner of the Managing Member of the Funds, is deemed the indirect beneficial owner of 121,371,538 Ordinary Shares. Sherborne Management Co., LP, as the investment manager to the Funds, is deemed the indirect beneficial owner of 121,371,538 Ordinary Shares. Sherborne Management GP, LLC, as the general partner of the investment manager, is deemed the indirect beneficial owner of 121,371,538 Ordinary Shares.

 

(c)          The Reporting Persons purchased the following Ordinary Shares in the open market since the last filing:

 

Reporting Person

Hanover Strategic Fund A, LLC

 

 

 

 

 

 

 

 

 

 

 

Trade

 

# of

 

 

Net USD

 

Date

 

Shares

 

 

Price/Shr.

 

15-Aug-06

 

174,981

 

 

0.87

 


 

CUSIP No. G83562101

 

Page 12 of 17 Pages

 

 

 

15-Aug-06

 

174,981

 

 

0.87

 

16-Aug-06

 

384,043

 

 

0.89

 

18-Aug-06

 

53,902

 

 

0.89

 

21-Aug-06

 

645,475

 

 

0.92

 

22-Aug-06

 

146,883

 

 

0.90

 
Reporting Person

Hanover Strategic Fund B, LLC

 

 

 

 

 

 

 

 

 

 

 

Trade

 

# of

 

 

Net USD

 

Date

 

Shares

 

 

Price/Shr.

 

15-Aug-06

 

77,698

 

 

0.87

 

16-Aug-06

 

170,528

 

 

0.89

 

18-Aug-06

 

92,432

 

 

0.89

 

21-Aug-06

 

1,106,877

 

 

0.92

 

22-Aug-06

 

251,878

 

 

0.90

 

Reporting Person

Hayden Investors Partners, LLC

 

 

 

 

 

 

 

 

 

 

 

Trade

 

# of

 

 

Net USD

 

Date

 

Shares

 

 

Price/Shr.

 

15-Aug-06

 

380,665

 

 

0.87

 

16-Aug-06

 

835,470

 

 

0.89

 

18-Aug-06

 

452,855

 

 

0.89

 

21-Aug-06

 

5,422,938

 

 

0.92

 

22-Aug-06

 

1,234,030

 

 

0.90

 

Reporting Person

Hayden Investors Partners II, LLC

 

 

 

 

 

 

 

 

 

 

 

Trade

 

# of

 

 

Net USD

 

Date

 

Shares

 

 

Price/Shr.

 

15-Aug-06

 

336,918

 

 

0.87

 

16-Aug-06

 

739,455

 

 

0.89

 

18-Aug-06

 

400,811

 

 

0.89

 

21-Aug-06

 

4,799,710

 

 

0.92

 

22-Aug-06

 

1,092,209

 

 

0.90

 

 

 

 


 

CUSIP No. G83562101

 

Page 13 of 17 Pages

 

 

 

Item 7.

Materials to be Filed as Exhibits.

 

                

Exhibit No.

Description

1.

Joint Filing Agreement, dated August 24, 2006

 

 

 

 


 

SIGNATURE

 

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

SHERBORNE INVESTORS CO., LP

 

 

By:  SHERBORNE INVESTORS GP, LLC, its general partner

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

 

SHERBORNE INVESTORS GP, LLC

 

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

 

SHERBORNE MANAGEMENT CO., LP

 

 

By:  SHERBORNE MANAGEMENT GP, LLC, its general partner

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

 

SHERBORNE MANAGEMENT GP, LLC

 

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

 

 

 

 

 

 


 

HAYDEN INVESTORS PARTNERS, LLC

 

 

By:

SHERBORNE INVESTORS CO., LP, its managing member

By: SHERBORNE INVESTORS GP, LLC, its general partner

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

HAYDEN INVESTORS PARTNERS II, LLC

 

 

By:

SHERBORNE INVESTORS CO., LP, its managing member

By: SHERBORNE INVESTORS GP, LLC, its general partner

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

 

HANOVER STRATEGIC FUND A, LLC

 

 

By:

SHERBORNE INVESTORS CO., LP, its managing member

By: SHERBORNE INVESTORS GP, LLC, its general partner

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

 

 

 

 

 


 

HANOVER STRATEGIC FUND B, LLC

 

 

By:

SHERBORNE INVESTORS CO., LP, its managing member

By: SHERBORNE INVESTORS GP, LLC, its general partner

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

 

 

 

 


 

Schedule I

 

Information with respect to Members and Managing Directors of the Undersigned

 

The following sets forth as each of the members and managing directors of Sherborne Investors GP, LLC, his name, his business address and his principal occupation or employment and the name, principal business and address of any corporation of other organization in which such employment is conducted. Mr. Edward Bramson’s present principal occupation or employment is (i) serving as the managing member of Sherborne GP and Sherborne Management GP and, as such, managing the investment activities of the Funds, (ii) serving as Executive Chairman of Elementis Group plc, a global specialty chemicals company, having an address at 10 Albemarle Street, London, W1S, 4BL, United Kingdom, and (iii) serving as Chairman and Chief Executive Officer of Ampex Corporation, a Delaware corporation (“Ampex”), engaged in the manufacture and sale of specialized data recording devices and licensing of proprietary technologies, having an address at 1228 Douglas Avenue, Redwood City, CA 94063. Mr. Bramson is a citizen of the United Kingdom. Mr. Craig L. McKibben and Mr. Gerald L. Eastman, Jr. are managing directors of Sherborne GP and Sherborne Management GP and have a business address at 135 East 57th Street, New York, NY 10022. Mr. McKibben also serves as Chief Financial Officer and a Director of Ampex. Mr. McKibben and Mr. Eastman are citizens of the United States. None of the Covered Persons, during the past five years, have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.

 

 

 


 

Exhibit 1

 

CONSENT AND AGREEMENT TO JOINT FILING

 

Pursuant to Rule 13d-1(k)(1)(iii) of Regulation 13D-G of the Rules and Regulations of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, each of the undersigned persons does hereby consent to and agree to jointly file with the Securities and Exchange Commission a Schedule 13D on behalf of each of them with respect to their beneficial ownership of ordinary shares, par value 31/3 pence per share, of Spirent Communications plc, and any future amendments thereto as may be required from time to time.

 

Dated:

August 23, 2006

 

SHERBORNE INVESTORS CO., LP

 

 

By:    SHERBORNE INVESTORS GP, LLC, its general partner

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

 

SHERBORNE INVESTORS GP, LLC

 

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

 

SHERBORNE MANAGEMENT CO., LP

 

 

By:    SHERBORNE MANAGEMENT GP, LLC, its general partner

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

 

 

 


 

SHERBORNE MANAGEMENT GP, LLC

 

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

HAYDEN INVESTORS PARTNERS, LLC

 

 

By:

SHERBORNE INVESTORS CO., LP, its managing member

By: SHERBORNE INVESTORS GP, LLC, its general partner

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

HAYDEN INVESTORS PARTNERS II, LLC

 

 

By:

SHERBORNE INVESTORS CO., LP, its managing member

By: SHERBORNE INVESTORS GP, LLC, its general partner

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

 

HANOVER STRATEGIC FUND A, LLC

 

 

By:

SHERBORNE INVESTORS CO., LP, its managing member

By: SHERBORNE INVESTORS GP, LLC, its general partner

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

 

 


 

HANOVER STRATEGIC FUND B, LLC

 

 

By:

SHERBORNE INVESTORS CO., LP, its managing member

By: SHERBORNE INVESTORS GP, LLC, its general partner

 

By:

/s/ Craig L. McKibben

 

Name:

Craig L. McKibben

 

Title:

Managing Director

 

 

 

 

 


 

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