7th Jun 2010 14:59
Cable & Wireless COMMUNICATIONS plc
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMR) OR CONNECTED PERSONS
Cable & Wireless Communications Plc ("the Company") advises that Performance Share Awards have been granted on 4 June 2010 to the following Directors and PDMR under the Incentive Plan 2010:
|
Participant |
Director/PDMR |
Number of Performance Share Awards |
|
Tony Rice |
Director |
3,250,414 |
|
Tim Pennington |
Director |
2,321,724 |
|
Nick Cooper |
Director |
1,160,862 |
|
Ken McFadyen |
PDMR |
912,106 |
|
The shares awarded will be subject to Absolute TSR performance conditions with a range of 8 - 14% pa over 3 years. The performance period will be measured from the date of grant and will use a one month averaging period prior to the beginning and the end of the 3 year period to measure TSR. The share price for each award is £0.603, being the average share price of the Company for the 5 business days commencing on 27 May 2010. A Dividend Award Supplement may apply in accordance with the rules of the Cable & Wireless Communications Incentive Plan 2010. The consideration for the Performance Share Awards disclosed above is £nil. |
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Name of person making notification: Clare Underwood
Contact number: 020 7315 4008
Date of notification: 7 June 2010
Related Shares:
CWC.L