6th Jun 2014 12:14
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 6 June 2014 and is given in accordance with DTR 3.1.4R(1)(a).
The Company was today notified that on 5 June 2014 Computershare Trustees (Jersey) Limited, trustee of The Cable & Wireless Communications Share Ownership Trust (formerly the Cable and Wireless Employee Share Ownership Trust) had undertaken transactions in the ordinary shares of the Company ("Shares") as set out below.
Restricted Share Plan 2010
On 2 June 2014, Shares awarded under the Restricted Share Plan 2010 (the "Plan") were released to the following participants in accordance with the rules of the Plan:
Participant | Director/PDMR | Number of Shares Released | Number of Shares Disposed to meet tax and NI liabilities | Balance of shares retained |
Belinda Bradberry Clare Underwood | PDMR PDMR | 208,138 208,138 | 95,5271 98,8902 | 112,611 109,248 |
1 In order to meet income tax and national insurance liabilities, a total of 95,527 Shares were sold at a price of 52.23 pence per Share.
2 In order to meet income tax and national insurance liabilities, a total of 98,890 Shares were sold at a price of 51.62 pence per Share.
Accordingly, Belinda Bradberry's holding in the Company has increased by 112,611 ordinary shares and Clare Underwood's holding in the Company has increased by 109,248 ordinary shares.
Name of person making notification: Emily Martin
Contact number: 020 7315 4000
Date of notification:2 June 2014
Related Shares:
CWC.L