10th Jun 2015 15:29
Cable & Wireless Communications Plc (the "Company")
Notification of transactions of Directors and Persons Discharging Managerial Responsibility (PDMR)
This announcement relates to both the Company's obligations in respect of transactions notified to the Company in accordance with DTR 3.1.2R on 10 June 2015 and under Rule 9 of the City Code on Takeovers and Mergers, and is given in accordance with DTR 3.1.4R(1)(a).
The Company was notified on 10 June 2015 that Computershare Trustees (Jersey) Limited, trustee of The Cable & Wireless Communications Share Ownership Trust (formerly the Cable and Wireless Employee Share Ownership Trust) has undertaken transactions in the ordinary share capital of the Company as set out below.
On 10 June 2015, 265,968 ordinary shares in the Company comprised in an award made on 29 May 2014 under The Cable & Wireless 2011 Deferred Bonus Plan (the "DBP") to, and held beneficially by, Phil Bentley, a Director, were released to him for nil consideration, in accordance with the rules of the DBP. As a result of the release of such DBP shares, Phil Bentley's interest in the Company's shares has not changed.
Accordingly, the interests of the Concert Party (as defined in the Company's announcement dated 29 May 2015) have not changed as a result of the DBP shares referred to in this announcement and remain as set out below:
Name | Number of interests in ordinary shares of CWC | Percentage of issued share capital of CWC |
Sir Richard Lapthorne | 9,000,000 | 0.21 |
Phil Bentley | 5,905,502 | 0.14 |
Perley McBride | 927,108 | 0.02 |
Simon Ball | 504,348 | 0.01 |
Alison Platt | 23,764 | 0.001 |
Ian Tyler | 4,000 | 0 |
Mark Hamlin | 122,222 | 0.003 |
Barbara Thoralfsson | 0 | 0 |
Brendan Paddick | 136,077,710 | 3.12 |
Thad York | 0 | 0 |
John Risley / Clearwater | 846,355,136 | 19.37 |
CHLLC | 575,096,759 | 13.16 |
Total | 1,574,016,549 | 36.03 |
Name of person making notification: Emily Martin
Contact number: 020 7315 4093
Date of notification: 10 June 2014
Related Shares:
CWC.L