15th Jan 2016 16:09
Cable & Wireless Communications Plc
Notification of transactions of Directors, Persons Discharging Managerial Responsibility (PDMR) or Connected Persons
This disclosure relates to transactions notified to Cable & Wireless Communications Plc (the "Company") in accordance with DTR 3.1.2R and is given in accordance with DTR 3.1.4R(1)(a).
Cable & Wireless Communications Plc (the "Company") on 14 January 2016 was 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 ("Shares"):
2011 Performance Share Plan
On 13 January 2016, 329,211 nil-cost Option Shares (the "Options") awarded to Clare Underwood, Company Secretary, under the 2011 Performance Share Plan (the "Plan") vested in accordance with the rules of the Plan.
The Company was further notified today that the 329,211 Option Shares awarded to Clare Underwood, Company Secretary, under the Plan were exercised in accordance with the rules of the Plan:
Participant | Director/PDMR | Number of Options Exercised | Number of Shares Disposed to meet tax and NI liabilities | Balance of shares retained |
Clare Underwood | PDMR | 329,211 | 133,2211 | 195,990 |
1 In order to meet income tax and national insurance liabilities, a total of 133,221 Shares were sold at a price of 65.25 pence per Share.
Accordingly, Clare Underwood's holding in the Company has increased by 195,990 Shares.
Name of person making notification: Emily Martin
Contact number: 020 7315 4000
Date of notification: 15 January 2016
Related Shares:
CWC.L