British Airways PLC
11 December 2007
BRITISH AIRWAYS PERFORMANCE SHARE PLAN AND DEFERRED SHARE PLAN AWARDS
The Company announces that on 10 December 2007 Tony McCarthy being a Person
Discharging Managerial Responsibilities (PDMR) of the Company was made a
conditional award of 106,383 ordinary shares of 25p under the British Airways
Performance Share Plan ('PSP') and a conditional award of 159,574 ordinary
shares of 25p under the British Airways Deferred Share Plan ('DSP'),
The awards under the PSP will vest at the end of the later of the three-year
performance period (starting with the year of the award) and the third
anniversary of the date of 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 awards under the DSP are subject to a phased vesting
over a three-year deferral period. Both schemes and the PSP 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.
Alan Buchanan
Company Secretary
11 December 2007
This information is provided by RNS
The company news service from the London Stock Exchange
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