Holding(s) in Company

RNS Number : 9218Z

British Airways PLC

21 January 2011

 



Financial Services Authority

TR-1: NOTIFICATION OF MAJOR INTEREST 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 the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached.
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:		Legal & General Group Plc (Group) Legal & General Investment Management Limited (LGIM)
4. Full name of shareholder(s)  (if different from 3.):		Legal & General Assurance (Pensions Management) Limited (PMC) Legal & General Group Plc (L&G)
5. Date of the transaction and date on which the threshold is crossed or reached:		20 January 2011
6. Date on which issuer notified:		21 January 2011
7. Threshold(s) that is/are crossed or reached:		Group (Above 5%) LGIM (Above 5%)

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

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights

Direct

Indirect

Direct

Indirect

Ordinary 25p

Below 5% (As on 18/01/2011)

58,751,752

52,674,765

6,076,987

4.565%

0.526%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

CFD

N/A

N/A

N/A

155,000

Nominal

Delta

0.013%

0.013%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

58,906,752

5.10%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Legal & General Group Plc (Direct and Indirect) (Group) ( 58,906,752 -5.10% = Total Position) Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect)  ( 58,906,752 - 5.10% = Total Position) Legal & General Investment Management Limited (Indirect) (LGIM) ( 58,906,752 - 5.10% = Total Position) Legal & General Group Plc (Direct) (L&G) ( 52,674,765 -4.56% =LGAS, LGPL & PMC) Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD) ( 47,333,838 - 4.10%= PMC)  Legal & General Insurance Holdings Limited (Direct) (LGIH) Legal & General Assurance (Pensions Management) Limited  (PMC) ( 47,333,838 -4.10% = PMC)  Legal & General Assurance Society Limited  (LGAS & LGPL) Legal & General Pensions Limited (Direct)  (LGPL)
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:	Notification using the total voting rights figure of  1,153,689,440
14. Contact name:	Paul Toon (LGIM)
15. Contact telephone number:	020 3124 3854

 

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