6th Jun 2006 11:30
Cable and Wireless plcNOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIALRESPONSIBILITY (PDMR) OR CONNECTED PERSONSThis notice is given in accordance with DR 3.1.4(R)(1)(a) and , in relation tothe D irector listed below, with section 324 (as extended by section 328) ofthe Companies Act 1985.Cable and Wireless plc ("the Company") advises that on 2 June 2006 that theunder-mentioned Director and PDMRs were granted the following share options andrestricted shares :Name Director/ Number of Exercise Total number Number of PDMR Share Options price of shares over restricted Granted which options shares held granted George Director 4,148,148 101.25p 5,527,699 - Battersby Nick Cooper PDMR 1,975,308 101.25p 2,409,252 246,913 Clare Waters PDMR 1,975,308 101.25p 2,312,519 246,913 The share options granted are exercisable from 2 June 2009 to 1 June 2013,subject to the achievement of performance conditions based upon TotalShareholder Return ("TSR").The share options will become fully exerciseable only if the TSR performance ofthe Company meets or exceeds the upper quartile measured against theconstituents of the FTSE Global Telecoms Sector Index during the performanceperiod starting on 2 June 2006 and ending on 1 June 2009. Where TSR performancemeets the median, one third of the options will become exerciseable withoptions becoming exerciseable for performance between these levels on a slidingscale. If performance conditions have not been met by the end of theperformance period the options lapse. Vesting must also be warranted byreference to the underlying financial performance of the Company during theperformance period, which will be determined by the Remuneration Committeewithin 12 months following the end of the performance period.The Restricted Share awards will vest subject to continued employment with theCompany. 50% of the awards will vest on 2 June 2007 and 50% will vest on 2 June2009. Until the Restricted Share Awards vest, the shares will continue to beheld by Towers Perrin Share Plan Services (GSY) Limited as Trustee of the Cable& Wireless Employee Share Ownership Trust. The consideration for the RestrictedShare Awards is ‚£nil.Name of person making notification: Lorraine DavidsonContact number: 020 7315 4934Date of notification: London, 5 June 2006ENDCable & Wireless PLCRelated Shares:
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