21st Jan 2014 16:23
LONDON (Alliance News) - Cable & Wireless Communications PLC Tuesday said Chief Financial Officer Tim Pennington acquired 878,412 shares under the company share plan and sold 416,232 at a price of 55.433 pence per share.
He subsequently transferred the remaining shares to his wife at no cost.
Following this transaction, Penninton and his connected persons hold 3.4 million shares.
The company also said Executive Director Nick Cooper acquired acquired 642,666 shares under the company share plan and sold 304,525 shares at the same price. The remaining shares were transferred to his wife at no cost. As a result, Cooper and his connected persons hold 1.2 million shares.
Shares in the communications company were trading at 54.85p down 1.5% Tuesday.
By Arvind Bhunjun; [email protected]; @arvindbhunjun
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