Holding in Company
British Airways PLC
13 June 2001
Letter to British Airways Plc
June 11, 2001
Enclosed are notifications of disclosable interests under the U.K. Companies Act
1985. Please note that while this information details the disclosable interests
of more than one entity, the enclosed disclosure constitutes separate
notifications of interest which have been combined solely for purposes of
clarity and efficiency. It is not intended to indicate that any of these
entities act as a group or in concert with respect to these interests.
These disclosures are made in the interest of conformity with the Companies Act.
The Interest detailed herein were acquired solely for investment purposes. For
disclosure purposes, holdings should be represented as FMR Corp. and its direct
and indirect subsidiaries, and Fidelity International Limited (FIL) and its
direct and indirect subsidiaries, both being non-beneficial holders.
Letter from Patricia Bolen
Compliance Associate
Fidelity Investments
NOTIFICATIONS UNDER SECTIONS 198 TO 202 - - U.K. COMPANIES ACT
1. Company in which shares are held: British Airways
2. Notifiable Interest: Ordinary Shares
(A) FMR Corp.
82 Devonshire Street
Boston, MA 02109
Parent holding company of Fidelity Management & Research Company
(FMRCO), investment manager for US mutual funds, and Fidelity
Management Trust Company (FMTC), a US state chartered bank which n
acts as a trustee or investment manager of various pension and trust
accounts. (See Schedule A for listing of Registered Shareholders and
their holdings).
(B) Fidelity International Limited (FIL)
P.O. Box HM 670
Hamilton HMCX, Bermuda
Parent holding company for various direct and indirect subsidiaries,
including Fidelity Investment Services Ltd. (FISL), investment
managers for various non-US investment companies and institutional
clients. (See Schedule A for listing of Registered Shareholders and
their holdings.)
3. The notifiable interests also comprise the notifiable interest of:
Mr. Edward C. Johnson 3d
82 Devonshire Street
Boston, MA 02109
A principal shareholder of FMR Corp. and Fidelity International Limited.
4. The notifiable interests include interest held on behalf of authorized unit
trust schemes in the U.K., notwithstanding the exemption from reporting
pursuant to Section 209 (1)(h) of the Companies Act 1985.
5. These notifications of disclosable interests constitute separate
notifications of interest in the shares and are combined solely for the
purposes of clarity. Nothing herein should be taken to indicate that FMR
Corp. and its direct and indirect subsidiaries, Fidelity International
Limited and its direct and indirect subsidiaries or Mr. Edward C. Johnson 3d
act as a group or in concert in respect of the disclosed interests, or that
they are required to submit these notifications on a joint basis.
6. The disclosable interests arise under section 208 (4)(b) of the Act, namely
where a person, not being the registered holder, is entitled to exercise a
right conferred by the holding of the shares or to control the exercise of
such rights, or under section 203 of the Act respectively.
Schedule A
Security: British Airways Plc
MANAGEMENT
SHARES HELD COMPANY NOMINEE/REGISTERED NAME
(Ordinary Shares)
3,853,222 FMRCO HSBC
81,200 FMTC State Street Nominees Ltd.
563,400 FMTC HSBC
79,700 FMTC Bank of New York - Europe
67,500 FMTC Nortrust Nominees
125,600 FMTC National Cities
5,926,733 FISL Clydesdale Bank (Head Office)
Nominees Limited
110,500 FIL Chase Nominees Ltd
986,600 FIL Nortrust Nominees Ltd
120,600 FIL Bankers Trust
341,381 FIL Clydesdale Bank (Head Office)
Nominees Limited
150,200 FIL State Street Nominees Ltd
129,900 FIL RBS Trust Bank
236,500 FIL NAB-Australia
136,180 FIL Northern Trust
21,187,137 FIL HSBC
43,600 FIL Citibank
14,500 FIL National Australia Bank
63,900 FIL Mellon Bank
20,800 FIL Credit Suisse
28,100 FIL KAS Associatie
14,000 FIL RBS-EDINBURGH
10,600 FIL Deutsche Bank AG, London
33,100 FIL JP Morgan
Total ordinary
shares 34,324,953
The following shares are based on the assumed conversion of 9,400 ADRs
(10 shares per ADR)
94,000 FMRCo HSBC
Total Ordinary Shares
and ADRs 34,418,953
Current ownership
percentage: 3.18%
Shares in
issue: 1,082,571,247