Holding(s) in Company

RNS Number : 5755B

British Airways PLC

18 August 2008

 



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):

British Airways Plc

2. Reason for the notification (please place an X inside the appropriate bracket/s):

An acquisition or disposal of voting rights: (X)

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify) :  (X)

Exemption DTR 5.1.5 (1)…………..

3. Full name of person(s) subject to the notification obligation (iii):

The Goldman Sachs Group, Inc……………..

4. Full name of shareholder(s) (if different from 3.) (iv):

Goldman, Sachs & Co.,

Goldman Sachs International, 

5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):

13 August 2008……………..

6. Date on which issuer notified:

15 August 2008

7. Threshold(s) that is/are crossed or reached:

3%

8. Notified details:

……………..

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction (vi)
	Number of shares	Number of voting Rights (viii)
GB0001290575		Below 3%
US1104193065		Below 3%

Resulting situation after the triggering transaction (vii)

Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights (ix)		% of voting rights
	Direct	Direct (x)	Indirect (xi)	Direct	Indirect
GB0001290575		36,262,808		3.14%
US1104193065		60	1,150	0.00%	0.00%

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

Type of financial instrument	Expiration Date (xiii)	Exercise/Conversion Period/ Date (xiv)	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

Total (A+B)

Number of voting rights	% of voting rights
36,264,018	3.14%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):

The interest in 25,048,055 shares arose from a beneficial interest held by Goldman, Sachs & Co. ('GS&Co.'), a direct subsidiary of GS Inc. These shares are, or will be, registered in the name of Goldman Sachs Securities (Nominees), Limited ('GSSN').

The interest in 11,214,753 shares arose from a beneficial interest held by Goldman Sachs International, a wholly-owned indirect subsidiary of GS Inc. These shares are, or will be, registered at CREST in account CREPTEMP.

The interest in 60 shares arose from a beneficial interest held by GS&Co., a direct subsidiary of GS Inc of 6 American Depositary Receipts ('ADRs'). These ADRs are, or will be, held at the Depositary Trust Company of New York ('DTC').

The interest in 1,150 shares arose from the interest held by GS&Co., a wholly-owned direct subsidiary of GS Inc, acting as custodian for its customers of 115 American Depositary Receipts ('ADRs'). These ADRs are, or will be, held at the Depositary Trust Company of New York ('DTC').

Proxy Voting:

10. Name of the proxy holder:

N/a……………..

11. Number of voting rights proxy holder will cease to hold:

N/A……………..

12. Date on which proxy holder will cease to hold voting rights:

N/A……………..

13. Additional information:

General email contact: [e-mail]

14. Contact name:

Sean Rogers/Alan Cox

15. Contact telephone number:

020 7552 9205/0207 7748774

……………..

---------------------------------

Alan Buchanan

Company Secretary

British Airways Plc

020 8738 5119

 

END

 

 

HOLPPMFTMMTBBIP