30th May 2006 11:21
Cable and Wireless plc NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIALRESPONSIBILITY (PDMR) OR CONNECTED PERSONSCable and Wireless plc ("the Company") advises that on 26 May 2006 thefollowing Directors acquired the interests in Ordinary Shares in the Companydetailed below:(i) Harris Jones purchased 299,000 Ordinary Shares in the Company at a price of 100.25 pence per Ordinary Share. The Company has also granted Harris Jones a Restricted Share Award over 997,506 Ordinary Shares which is subject to performance conditions based upon Total Shareholder Return ("TSR"). Full vesting will occur only if the TSR performance of the Company meets or exceeds the upper quartile measured against the constituents of the FTSE Global Telecoms Sector Index during the performance period starting on 26 May 2006 and ending on 25 May 2009. Where TSR performance meets the median, one quarter of the Ordinary Shares subject to the Award will vest and where TSR performance is between the 62.5th and 75th percentiles, half the Ordinary Shares subject to the Award will vest. If performance conditions have not been met by the end of the performance period the Options lapse. Vesting must also be warranted by reference to the underlying financial performance of the Company during the performance period, which will be determined by the Remuneration Committee within 12 months of the end of the performance period. (ii) Tony Rice purchased 500,000 Ordinary Shares in the Company at a price of 100.25 pence per Ordinary Share. Until the Restricted Share Awards disclosed under (i) above vest, the shareswill continue to be held by Towers Perrin Share Plan Services (GSY) Limited asTrustee of the Cable & Wireless Employee Share Ownership Trust. Theconsideration for the Restricted Share Awards disclosed under (i) is ‚£nil.Following these awards, the total holding by Harris Jones and Tony Rice in theOrdinary Shares of the Company is as follows:Harris Jones: 519,750 Tony Rice: 2,700,000 These transactions relate to a disclosure made in accordance with section 324(as extended by section 328) of the Companies Act 1985.Name of person making notification: Heledd HanscombContact number: 020 7315 4626Date of notification: 30 May 2006ENDCable & Wireless PLCRelated Shares:
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