British Airways PLC
22 December 2006
British Airways Plc (the 'Company')
Employee Share Schemes - Announcement of transaction in ordinary shares of 25p
each.
Exercise of options
The Company announces that on 22 December 2006 it was notified that, on 21
December 2006, options to acquire ordinary shares of 25p each in the capital of
the Company granted under the Company's Long Term Incentive Plan 1996 and Share
Option Plan 1999 had been exercised by executive directors and/or persons
discharging managerial responsibility ('PDMR') as detailed in the table below.
Table 1
Name Director/PDMR Number of shares Option price
Lloyd Cromwell Griffiths PDMR 97,147 Nil cost
Lloyd Cromwell Griffiths PDMR 127,388 157p
Lloyd Cromwell Griffiths PDMR 48,461 321p
Lloyd Cromwell Griffiths PDMR 29,473 380p
Lloyd Cromwell Griffiths PDMR 23,096 394p
The Company also received notification that the directors and/or PDMRs listed
below each sold ordinary shares of 25p each in the capital of the Company on the
London Stock Exchange as set out in the following table:
Table 2
Name Director/PDMR Number of shares Sale price Date of sale
Lloyd Cromwell Griffiths PDMR 97,147 521.44p 21.12.06
Lloyd Cromwell Griffiths PDMR 127,388 521.44p 21.12.06
Lloyd Cromwell Griffiths PDMR 48,461 521.44p 21.12.06
Lloyd Cromwell Griffiths PDMR 29,473 521.44p 21.12.06
Lloyd Cromwell Griffiths PDMR 23,096 521.44p 21.12.06
Sale of shares by employee trust
The Company also received notification that on 21 December 2006 the Trust
disposed of 97,147 ordinary shares of 25p each to satisfy the exercise of
options under the Company's Long Term Incentive Plan. Willie Walsh and Keith
Williams, executive directors of the Company, as well as other employees, are
potential beneficiaries of the trust. As such, they are deemed to be interested
in the shares held by the Trustee. Accordingly, the number of shares held by the
Trust in which the directors are interested decreased by 97,147 following the
disposal.
Neither Willie Walsh nor Keith Williams has sold shares personally.
This announcement is made following notifications under both section 324
Companies Act 1985 and Disclosure Rule 3.1.2.
Contact:
Alan Buchanan, Company Secretary
Tel: 020 8738 5119
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.