2nd Oct 2009 08:09
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") OR CONNECTED PERSONS
Restricted Shares
The Company has been advised that the Trustee of the Cable and Wireless plc Employee Share Ownership Trust ("the Trust") has undertaken the following transaction in the ordinary shares of the Company:
On 30 September 2009, 89,680 Restricted Shares in the Company were released to Tim Pennington, a Director, at a price of 146 pence per ordinary share, in accordance with the rules of the Company's Restricted Share Plan. In order to meet UK income tax liabilities, the Trust sold 36,843 ordinary shares from the Restricted Shares released to Tim Pennington at this price. Accordingly, Tim Pennington's holding in the Company has increased by 52,837 ordinary shares.
This disclosure relate to transactions notified in accordance with DTR 3.1.4R(1) (a).
Name of person making notification: Gill Roberts
Contact number: 020 7315 4934
Date of notification: 2 October 2009
Related Shares:
CWC.L