2nd Sep 2005 16:08
Cable and Wireless plc (`the Company')NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIALRESPONSIBILITY (PDMR) OR CONNECTED PERSONSThe Company advises that on 1 September 2005 the undermentioned PDMR purchasedthe following number of Ordinary Shares in the Company at a price of ‚£1.50 pershare:Name Director/ Ordinary Shares Total number of Percentage of PDMR of 25p shares held issued share capital Emanuele PDMR 116,666 116,666 Less than 1% Angelidis On 2 September 2005 Emanuele Angelidis has been awarded the following matchingrestricted shares and performance shares in the Company in accordance with therules of the Incentive Plan 2001: -116,666 matching restricted shares and 233,332 matching performance shares.The matching restricted shares will vest on the third anniversary of the awardsubject to Emanuele Angelidis remaining an employee of the Company andcontinuing to hold the purchased shares.The matching performance shares will vest from 30th June 2008 subject to theachievement of performance conditions based upon TSR and subject to EmanueleAngelidis retaining the 116,666 Ordinary Shares purchased on 1st September2005.Full vesting of the matching performance shares occurs only if the TSRperformance of the Company meets or exceeds the upper quartile measured againstthe constituents of the FTSE Global Telecoms Sector Index during theperformance period starting on 1 July 2005 and ending on 30th June 2008. WhereTSR meets the median, one quarter of the initial award vests, and where TSRmeets the 62.5 percentile, 50% of the matching award vests.. Nothing vests forTSR performance below the median. Vesting must also be warranted by referenceto the underlying financial performance of the Company over the performanceperiod which will be determined by the Remuneration Committee within 12 monthsof the end of the performance period.Until the matching restricted shares and performance shares vest, if at all,the shares remain held by Towers Perrin Share Plan Services (GSY) Limited asTrustee of the Cable & Wireless Employee Share Ownership Trust.These transactions are notified in accordance with DR 3.1.4R(1)(a).Name of person making notification: Lorraine DavidsonContact number: 020 7315 4934Date of notification: London, 2nd September 2005ENDCable & Wireless PLCRelated Shares:
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