10th Oct 2005 15:00
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 irectors listed below, with section 324 (as extended by section 328) ofthe Companies Act 1985.Cable and Wireless plc ("the Company") was advised on 10 October 2005 that theunder-mentioned Directors and PDMR deferred certain amounts of their after taxbonuses paid under the Deferred Short Term Incentive Bonus in respect of thefinancial year ended 31 March 2005 into the Deferred Short Term Incentive Plan.As a consequence the table below shows the number of Ordinary Shares which havebeen purchased in the names of the respective Directors and PDMR and which areheld in the Cable and Wireless plc Employee Share Ownership Trust ("theTrust").The purchased shares were acquired on 30 September 2005 at a price of 146.30pence per share.Name Director/ Deferred Number of Number of PDMR Bonus Purchased Matching Shares Ordinary Shares Awarded (net of tax) Francesco Caio Director ‚£251,930 172,200 583,732 George Battersby Director ‚£111,510 76,220 258,373 Charles Herlinger Director ‚£62,933 43,016 145,818 Lord Robertson of Director ‚£79,650 54,442 184,552 Port Ellen Rob Rowley Director ‚£12,000 8,202 27,804 Lesley Smith PDMR ‚£10,000 6,835 23,170 Under the rules of the Deferred Short Term Incentive Plan, purchased shares areheld in the Trust for three years before being released to the Director.Matching Shares are calculated on the gross deferred bonus and are based on onematching share for two purchased shares for median TSR performance, rising totwo matching shares for one purchased share for performance at upper quartileor above. No matching shares are awarded for below median performance.Matching Shares will only vest: i. subject to the satisfaction of performance conditions based on the Total Shareholder Return ("TSR") performance of the Company measured against the constituents of the FTSE Global Telecoms Sector Index over the three year period commencing 1 October 2005; and ii. subject to the Remuneration Committee confirming that, in its opinion, the underlying financial performance of the Company warrants vesting. A dividend award supplement also operates on the Deferred Short Term IncentivePlan. Dividends that would have been paid on purchased shares and the actualaward of matching shares during the performance period are re-invested inadditional shares.Following the acquisition of the purchased shares by the Directors and PDMR,the total number of Ordinary Shares held by each of the individuals is:Name Director/ Total number of % of issued share shares held capital PDMR Francesco Caio Director 598,252 Less than 1% George Battersby Director 77,560 Less than 1% Charles Herlinger Director 74,983 Less than 1% Lord Robertson of Port Ellen Director 57,505 Less than 1% Rob Rowley Director 507,233 Less than 1% Lesley Smith PDMR 14,514 Less than 1% Following the above transaction, and awards to other employees on the same day,51,524,170 Ordinary Shares are currently held under the Trust.Francesco Caio, Rob Rowley, Charles Herlinger, Lord Robertson of Port Ellen,George Battersby and Harris Jones (all being Directors of Cable and Wirelessplc), in their capacity as members of the class of beneficiaries under theTrust, and Towers Perrin Share Plan Services (GSY) Limited, in their capacityas Trustees of the Trust, are deemed to have a non-beneficial interest in theseOrdinary Shares.No Directors are disposing of any beneficial interests in the Company.Name of person making notification: Heledd HanscombContact number: 020 7315 4626Date of notification: London, 10 October 2005ENDCable & Wireless PLCRelated Shares:
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