30 Apr 2013 15:40
30 April 2013
Cobham plc
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Cobham plc (the "Company") announces in respect of ordinary 2.5 pence shares of the Company ("Shares") that on 29 April 2013, the buy-out awards issued to Robert (Bob) Murphy vested and 106,986 shares were sold to cover deductions due on that vest, at a price of 247.510 pence per Share.
On 30 April 2013, Robert (Bob) Murphy sold 46,059 shares at a price of 247.888 pence per Share, half of the resulting shares from the vest, and retained the balance of 46,079 shares as required by his shareholding requirement.
The vest was made up of:
1. 126,779 Shares under the Company's Performance Share Plan 2007 ("PSP"). This award was made in recognition of the loss of pro rata annual incentive payment forfeited from his former employer; and
2. 72,305 Shares under the Company's Performance Share Plan 2007 ("PSP"). This award was in relation to a partial vest of an award made in recognition of the loss of value in unvested equity forfeited from his former employer.
Name of contact and telephone number for queries:
Julian Wais
Director of Investor Relations
01202 857998