Director/PDMR Shareholding

RNS Number : 0011T

British Airways PLC

20 September 2010

 



BRITISH AIRWAYS SHARE PLAN AWARDS

The Company has received notification that the following Directors and Persons Discharging Managerial Responsibilities (PDMR) of the Company have received 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 17 September 2010.

Name	Position	PSP Number of Awards	DSP Number of Awards
William Walsh	Director	469,148	Nil
Keith Williams	Director	280,851	70,999
Robert Boyle	PDMR	151,063	45,817
Garrett Copeland	PDMR	97,872	29,684
Andrew Crawley	PDMR	117,021	35,492
Drusilla Maizey	PDMR	92,042	27,916
Roger Maynard	PDMR	119,148	36,137
Anthony McCarthy	PDMR	159,574	48,398

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 of the award measures the Company's total shareholder return ('TSR') against a group of other airline companies.  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 2009/2010, 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

20 September 2010

 

END

 

 

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