1st Jun 2011 10:10
Cable & Wireless COMMUNICATIONS plc
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMR) OR CONNECTED PERSONS
This disclosure relates to transactions notified to Cable & Wireless Communications Plc ("the Company") in accordance with DTR 3.1.2R on 31 May 2011 and is given in accordance with DTR 3.1.4R(1)(a).
The Company was advised that EES Trustees International Limited, trustee of The Cable & Wireless Communications Share Ownership Trust (formerly the Cable and Wireless Employee Share Ownership Trust) ("the Trust") has undertaken transactions in the ordinary shares of the Company ("Shares") as set out below.
On 31 May 2011, the number of Shares set out below were awarded to the following Directors in accordance with the rules of The Cable & Wireless 2011 Deferred Bonus Plan ("the Plan") and accordingly each Director's holding in the Company has increased by the specified number of Shares:
Participant | Director/PDMR | Number of Shares |
Tony Rice | Director | 585,676 |
Tim Pennington | Director | 435,073 |
Nick Cooper | Director | 304,551 |
Legal title to the Shares awarded will be held by the Trust and will not be transferred to each Director until the first anniversary of the date of award, subject to the rules of the Plan. The share price for each award is £0.4482, being the closing share price of the Company on 27 May 2011. The consideration for the awards disclosed above is £nil. | ||
Name of person making notification: Clare Underwood
Contact number: 020 7315 4008
Date of notification: 1 June 2011
Related Shares:
CWC.L