28th Nov 2008 17:00
Director/PDMR Shareholding in Cable and Wireless plc ("the Company")
The Company has been advised that the Trustee of the Cable and Wireless plc Employee Share Ownership Trust ("the Trust") has undertaken the following transactions in the ordinary shares of the Company:
On 25th November 2008 Restricted Shares in the Company were released to Jim Marsh and Ivan Gunatilleke, both PDMRs, at a price of 149 pence per ordinary share, in accordance with the rules of the Company's Restricted Share Plan, as detailed in the table below;
On 25th November 2008, in order to meet UK income tax liabilities, the Trust sold ordinary shares from the Restricted Shares released to Jim Marsh and Ivan Gunatilleke at a price of 152.38 pence per ordinary share, as detailed in the table below;
On 27th November 2008 Performance Shares in the Company were released to Clare Waters, a PDMR, at a price of 149 pence per ordinary share, in accordance with the rules of the Company's Incentive Plan 2001, as detailed in the table below; and
|
PDMR |
Gross Shares released |
Shares sold for UK tax liabilities |
Net Shares released |
|
Ivan Gunatilleke |
21,076 |
8,467 |
12,609 |
|
Jim Marsh |
85,357 |
34,289 |
51,068 |
|
Clare Waters |
73,064 |
30,017 |
43,047 |
In addition, on 28th November 2008 Clare Waters disposed of 335,307 ordinary shares in the Company at a price of 147.02 pence per ordinary share.
28 November 2008
Related Shares:
CWC.L