21st Jan 2014 15:56
Cable & Wireless Communications Plc
Notification of transactions of Directors, Persons Discharging Managerial Responsibility (PDMR) or Connected Persons
Cable & Wireless Communications Plc ("the Company") has today been advised that Computershare Trustees (Jersey) 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 transactions in the ordinary shares of the Company:
On 20 January 2014, a number of Deferred Bonus Plan shares in the Company were released to some of the Directors of the Company, for nil consideration, in accordance with the rules of the Company's 2012 Deferred Bonus Plan. In order to meet UK income tax liabilities, the Trust sold some of the ordinary shares from the Deferred Bonus shares released to the Directors at a price of 55.433 pence per share. Full details can be found in the table below.
Name of Director
| Number of Deferred Bonus Plan Shares released | Number of Deferred Bonus Plan Shares sold to meet UK income tax liabilities |
Nick Cooper | 642,666 | 304,525
|
Tim Pennington | 878,412 | 416,232 |
Subsequent to the sale of these shares, the Company was notified that:
· on 20 January 2014, Nick Cooper transferred 338,141 shares to his wife, at nil value; and
· on 20 January 2014, Tim Pennington transferred 462,180 shares to his wife, at nil value
Following these transactions:
· Nick Cooper and his connected persons' total shareholding in the Company is 1,181,118 ordinary shares; and
· Tim Pennington and his connected persons' total shareholding in the Company is 3,428,135 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 4000
Date of notification: 20 January 2014
Related Shares:
CWC.L