British Airways PLC
30 June 2000
Letter To: Company Announcements Office
I attach a Schedule 11 Form notifying you of the recent grant of shares to an
executive director of British Airways, Mr R I Eddington, under the current
British Airways Share Option Plan. These options were granted on 26 May, 2000.
Subsequent to the option grant, a conditional award of ordinary share options at
nil cost under the British Airways Long Term Incentive Plan was made to Mr R.J.
Eddington on 5 June, 2000. One third of the award may vest at the end of each of
the third, fourth and fifth financial years from the year of the grant, i.e.
2003, 2004 and 2005. The total award of ordinary shares potentially receivable
if the performance of British Airways measured by total shareholder return
relative to other companies with the FTSE 100 index places the Company at or
above the 90th percentile when compared with the TSR for each of those
companies, is 103,022.
Letter From: P Jarvis, Assistant Company Secretary, British Airways PLC
DEALINGS BY DIRECTORS
1) NAME OF COMPANY
BRITISH AIRWAYS PLC
2) NAME OF DIRECTOR
R. I. EDDINGTON
3) Please state whether notification indicates that it is in respect of
holding of the Director named in 2 above or holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
DIRECTOR
4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them. (If notified)
-
5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)
-
6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary
-
7) Number of shares/amount of
stock acquired
-
8) ( % )
of issued Class
-
9) Number of shares/amount
of stock disposed
-
10) ( - % )
of issued Class
11) Class of security
-
12) Price per share
-
13) Date of transaction
-
14) Date company informed
-
15) Total holding following this notification
-
16) Total percentage holding of issued class following this notification
-
IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
COMPLETE THE FOLLOWING BOXES
17) Date of grant
26/5/2000
18) Period during which or date on which exercisable
26/5/2003 - 31/3/2010
19) Total amount paid (if any) for grant of the option
NIL
20) Description of shares or debentures involved: class, number.
ORDINARY SHARES
21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
360p
22) Total number of shares or debentures over which options held
following this notification
138,888
23) Any additional information
138,888 OPTIONS THIS GRANT
24) Name of contact and telephone number for queries
P. JARVIS: 020 8 738 5118
25) Name and signature of authorised company official responsible for
making this notification
Date of Notification....30/6/2000................................
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