4th Apr 2011 11:01
4 April 2011
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Cobham plc announces that on 1 April 2011 the executive directors sold a number of shares listed below to satisfy certain tax and national insurance liabilities:
Mr A Stevens 59,108 ordinary 2.5 pence shares
Mr W Tucker 54,482 ordinary 2.5 pence shares
The shares were sold at 231.6085 pence per share.
Mr Stevens retained the balance of the shares transferred under his Performance Share Plan entitlement of 55,354 ordinary 2.5 pence shares.
Mr Tucker sold the balance of the shares transferred to him of 51,825 ordinary 2.5 pence shares at 231.6085 pence per share.
An award under the PSP vests on the third anniversary of the date of grant to the extent that applicable performance conditions are met. There is no payment due for an award under the PSP.
All shares sold were registered in the name of Lynchwood Nominees Limited.
Name of contact and telephone number for queries:
Julian Wais
Director of Investor Relations
01202 852998
Related Shares:
Cobham