Holding(s) in Company

RNS Number : 3581F

British Airways PLC

08 October 2008

 



TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:		British Airways Plc
2. Reason for notification (yes/no)
An acquisition or disposal of voting rights			Yes
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached			No
An event changing the breakdown of voting rights			No
Other (please specify):______________			No
3. Full name of person(s) subject to notification obligation:	Iberia Líneas Aéreas de España S.A.
4. Full name of shareholder(s) (if different from 3):
5. Date of transaction (and date on which the threshold is crossed or reached if different):	6 October 2008
6. Date on which issuer notified:	8 October 2008
7. Threshold(s) that is/are crossed or reached:	7%

8: Notified Details
A: Voting rights attached to shares
Class/type of shares If possible use ISIN code Ordinary shares 25p GB0001290575	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of shares 80,602,695	Number of voting rights 80,602,695	Number of shares 84,151,336	Number of voting rights		Percentage of voting rights
				Direct 84,151,336	Indirect /	Direct 7.30%	Indirect /

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ conversion period/date	No. of voting rights that may be acquired (if the instrument exercised/converted)	Percentage of voting rights
N/A	N/A	N/A	N/A	N/A

Total (A+B)
Number of voting rights	Percentage of voting rights
84,151,336	7.30%

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

Proxy Voting:
10. Name of 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:	On 15 September 2008, the 3% voting threshold was crossed as a result of an acquisition of shares which increased Iberia's holding to 3.26%. On 17 September 2008, the 4% voting threshold was crossed as a result of an acquisition of shares which increased Iberia's holding to 4.16%. On 23 September 2008, the 5% voting threshold was crossed as a result of an acquisition of shares which increased Iberia's holding to 5.26%. On 29 September 2008, the 6% voting threshold was crossed as a result of an acquisition of shares which increased Iberia's holding to 6.10%. Iberia announced on 30 July 2008 that its investment in British Airways Plc consisted of shares representing 2.99% and long positions in the form of financial derivatives (conferring no rights to direct the exercise of any voting rights) referenced to shares representing 6.99%. Along with each acquisition of shares notified in this Form TR-1 Iberia has closed out an equivalent portion of its derivatives long positions.
14 Contact name:	Alan Buchanan
15. Contact telephone name:	Company Secretary British Airways Plc 020 8738 5119

 

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