3rd Mar 2011 16:14
Cable & Wireless Communications Plc
Notification of transactions of Directors, Persons Discharging Managerial Responsibility (PDMR) or Connected Persons
Cable & Wireless Communications Plc ("the Company") has been 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 the following transaction in the ordinary shares of the Company:
On 2 March 2011 97,276 Restricted Shares in the Company were released to Ken McFadyen, a PDMR, for nil consideration, in accordance with the rules of the Company's Restricted Share Plan 2005.
In order to meet UK income tax liabilities, the Trust sold 48,986 ordinary shares from the Restricted Shares released to Ken McFadyen at a price of 48.54 pence per share. Accordingly, Ken McFadyen's holding in the Company has increased by 48,290 ordinary shares.
This disclosure relates to a transaction notified in accordance with DTR 3.1.4R(1)(a).
Name of person making notification: Clare Underwood
Contact number: 020 7315 4008
Date of notification: 3 March 2011
Related Shares:
CWC.L