13th Mar 2012 14:22
13 March 2012
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Cobham plc announces that on 12 March 2012 the executive directors sold a number of shares listed below to satisfy certain tax and national insurance liabilities arising on the vesting of their Performance Share Plan entitlement:
Mr A Stevens 38,247 ordinary 2.5 pence shares
Mr W Tucker 36,098 ordinary 2.5 pence shares
The shares were sold at 219.213 pence per share.
Both directors retained the balance of the shares transferred under his respective Performance Share Plan entitlement as detailed below:
Mr A Stevens 34,320 ordinary 2.5 pence shares
Mr W Tucker 32,392 ordinary 2.5 pence shares
An award under the PSP vests on the third anniversary of the date of grant to the extent that applicable performance conditions are met. There is no payment due for an award under the PSP.
All shares sold were registered in the name of Lynchwood Nominees Limited.
Name of contact and telephone number for queries:
Julian Wais
Director of Investor Relations
01202 852998
Related Shares:
Cobham