Holding in Company
British Airways PLC
7 December 2001
British Airways Plc has received today the disclosure below of share interests
pursuant to S198 of the Companies Act, being share interests under the
management of Fidelity Investments on behalf of its clients.
Below are closing amended 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 disclosure below 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 was 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.
Closing Amendment No 7
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. (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.
7. Inasmuch as there is no disclosable interest of 3% or greater of the share
capital, FMR Corp. and its direct and indirect subsidiaries, and Fidelity
International Limited and Us direct and indirect subsidiaries have no further
reporting obligation under Section 198 to 202 of the UK Companies Act. This
statement speaks as of its date, and no inference should be drawn that no change
has occurred in the facts set forth herein after the date hereof.
Closing Amendment No 7
Schedule A
Security: British Airways Plc
MANAGEMENT
SHARES HELD COMPANY NOMINEE/REGISTERED NAME
(Ordinary Shares)
5,962,300 FMRCO HSBC
2,118,300 FMRCO Chase Nominees Limited
94,600 FMRCO State Street Nominees Limited
4,768,009 FISL Chase Nominees Limited
327,922 FIL Chase Nominees Limited
18,728,133 FIL HSBC
Total ordinary shares 31,999,264
The following shares are based on the assumed conversion of 7,500 ADRs
(10 shares per ADR)
75,000 FMRCO HSBC
Total ordinary Shares and
ADRs 32,074,364
Current ownership percentage: 2.96%
Shares in issue: 1,082,742,082
Change in holdings since
last filing: (6,598,000) ordinary shares