NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Cobham plc announces that on 1 June 2012 the Bonus Co-investment Plan (the 'Plan') awarded in 2009 partially vested.
To be eligible to participate in the Plan, Warren Tucker, executive director, purchased 62,340 shares in 2009 (the 'invested shares'). As a result of the vest, Mr Tucker sold 28,991 ordinary 2.5 pence shares to satisfy tax and national insurance liabilities on his vested matched shares. The shares were sold at 220.74 pence per share.
Mr Tucker sold the balance of the vested matched shares transferred to him of 26,492 ordinary 2.5 pence shares, plus an additional 32,340 of the invested shares, at 220.74 pence per share. He has retained the balance of 30,000 of the invested shares.
The Plan works by giving participants (the executive directors and other senior executives) the opportunity to earn a matching award of shares against their gross bonus invested on an up to 2:1 basis. Invested shares under the Plan are released when the matching awards vest. Matching awards vest after three years subject to the achievement of economic profit targets.
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
+44 (0)1202 857998
Michael Harrison/Will Carnwath
+44 (0)20 7404 5959
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