1st Oct 2008 17:56
Cable and Wireless plc
NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY (PDMR) OR CONNECTED PERSONS
This notice is given in accordance with DR 3.1.4(R)(1)(a).
Cable and Wireless plc ("the Company") advises that on 30th September 2008 an award of 179,361 restricted shares in the Company was made to Tim Pennington, a PDMR.
Subject to Tim Pennington's continued employment with the Company, 50% of the Restricted Share award will vest on the first anniversary of the date of grant with the remaining 50% vesting on the third anniversary of grant.
Until the Restricted Share Awards vest, the shares will continue to be held by Lloyds TSB Offshore Trust Limited as Trustee of the Cable & Wireless Employee Share Ownership Trust. The consideration for the Restricted Share Awards is £nil.
1 October 2008
Related Shares:
CWC.L