Director/PDMR Shareholding

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 transaction in the ordinary shares of the Company: 

On 15 January 2013, 304,551 Deferred Bonus Plan shares in the Company were released to Nick Cooper, a Director, for nil consideration, in accordance with the rules of the Company's 2011 Deferred Bonus Plan. In order to meet UK income tax liabilities, the Trust sold 162,191 ordinary shares from the Deferred Bonus shares released to Nick Cooper at a price of 36.9 pence per share.

Subsequent to the sale of these shares, the Company was notified that, on 15 January 2013, Nick Cooper transferred 142,360 shares to his wife, at nil value.

Following these transactions, Nick Cooper and his connected persons' total shareholding in the Company is 1,104,971 ordinary shares.

This disclosure relates to a transaction notified in accordance with DTR 3.1.4R(1)(a). 

Name of person making notification: Nicola Challen

Contact number: 020 7315 4000

Date of notification: 16 January 2013