British Airways PLC
10 August 2007
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
('PSP') which were formally granted to each of them on 09 August 2007.
Name Position PSP
Number of Awards
William Walsh Director 254,854
Keith Williams Director 125,910
Robert Boyle PDMR 82,767
Paul Coby PDMR 53,398
Garrett Copeland PDMR 52,184
Gareth Kirkwood PDMR 58,617
Roger Maynard PDMR 65,534
Geoffrey Want PDMR 54,612
Robert Webb PDMR 99,515
The awards under the PSP 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 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 scheme and the performance conditions are more fully
described in the Remuneration Report contained in the Annual Report and Accounts
2006/2007 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 Disclosure Rule 3.1.2.
Willie Walsh
Chief Executive
10 August 2007
This information is provided by RNS
The company news service from the London Stock Exchange
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