Director/PDMR Shareholding

RNS Number : 6748B

British Airways PLC

19 August 2008

 



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') and the British Airways Deferred Share Plan ('DSP'), which were formally granted to each of them on 19 August 2008.

Name	Position	PSP Number of Awards	DSP Number of Awards
William Walsh	Director	430,664	Nil
Keith Williams	Director	257,813	26,100
Robert Boyle	PDMR	138,672	15,318
Paul Coby	PDMR	91,797	9,883
Garrett Copeland	PDMR	89,844	9,658
Roger Maynard	PDMR	109,375	14,555
Anthony McCarthy	PDMR	146,484	7,337
Robert Webb	PDMR	164,063	14,734

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 awards under the DSP are subject to 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 2007/2008 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.

Keith Williams

Chief Financial Officer

19 August 2008

 

END

 

 

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