British Airways PLC
31 August 2005
31 August 2005
BRITISH AIRWAYS PERFORMANCE SHARE PLAN AWARDS
The Company has today notified the following Directors and Persons Discharging
Managerial Responsibilities (PDMR) of the Company of conditional awards of
ordinary shares of 25p each under the British Airways Performance Share Plan,
which were granted to each of them on 30 August, 2005:
Name Role Number of shares in Award
William Walsh Director 319,149
John Rishton Director 124,113
Martin George Director 98,759
Robert Webb PDMR 129,610
Roger Maynard PDMR 84,397
Lloyd Cromwell Griffiths PDMR 76,702
Robert Boyle PDMR 72,695
Paul Coby PDMR 70,922
Neil Robertson PDMR 67,376
The awards will vest at the end of the three-year performance period (starting
with the year of the award) only if the performance of British Airways satisfies
the relevant performance conditions over the single three-year performance
period. The performance condition relating to one half of the award measures
the Company's total shareholder return ('TSR') against a group of 20 other
airline companies. The other half of the award is conditional upon achievement
of a satisfactory average annual operating margin over the three-year
performance period. The performance conditions are more fully described in the
Remuneration Report contained in the Annual Report and Accounts 2004/2005 a copy
of which can be accessed online at www.bashares.com.
No consideration is payable for the making or vesting of the awards.
Notification is made under section 324 Companies Act 1985 and Disclosure Rule
3.1.2.
Alan Buchanan
Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
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