British Telecommunications PLC
24 May 2000
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1 NAME OF COMPANY 2 NAME OF DIRECTOR
British Telecommunications plc Robert Brace
3 THIS NOTIFICATION IS IN RESPECT OF A HOLDING OF:
The Director named in 2 above
4 NAME OF THE REGISTERED HOLDER
Halifax Investment Services Ltd
5 THIS NOTIFICATION RELATES TO:
Dealing by Investment Manager.
6 NATURE OF TRANSACTION & NATURE & EXTENT OF DIRECTOR'S
Acquisition of shares by Halifax Investment Services Ltd
in respect of reinvestment of dividends under
non-discretionary single company PEP.
7 NUMBER OF SHARES ACQUIRED 8 PERCENTAGE OF ISSUED
CLASS
7 Not significant
9 NUMBER OF SHARES DISPOSED 10 PERCENTAGE OF ISSUED
OF CLASS
Not applicable Not applicable
11 CLASS OF SECURITY 12 PRICE PER SHARE
Ordinary Shares of 25p each 1,155 pence
13 DATE OF TRANSACTION 14 DATE COMPANY INFORMED
27 April 2000 23 May 2000
15 TOTAL HOLDING (i.e. Director's interests) FOLLOWING THIS
NOTIFICATION; DETAILS OF SHARE OPTIONS ARE GIVEN AT 22
BELOW.
(a) Beneficial interest in 184,004 shares
(b) 269,954 shares subject to contingent awards under the BT
Executive Share Plan
(c) 14,260 shares subject to contingent awards under the
BT Deferred Bonus Plan
16 TOTAL PERCENTAGE HOLDING OF ISSUED CLASS FOLLOWING THIS
NOTIFICATION
Not significant
17 DATE OF GRANT 18 PERIOD DURING WHICH OR
DATE ON WHICH EXERCISABLE
Not applicable Not applicable
19 TOTAL AMOUNT PAID FOR GRANT 20 DESCRIPTION OF SHARES
OF INVOLVED OPTION
Not applicable Not applicable
21 EXERCISE PRICE (FIXED AT TIME OF GRANT)
Not applicable
22 TOTAL NUMBER OF SHARES OVER WHICH THE DIRECTORS HOLDS
OPTIONS FOLLOWING THIS NOTIFICATION
a) 78,540 - BT Share Option Scheme
b) 5,208 - BT Employee Sharesave Scheme
23 ANY ADDITIONAL INFORMATION
The above named director has other technical interests
under Section 13 of the Companies Act 1985 as follows:
- a technical interest, together with all employees of BT,
in 78,454 shares held in the name of BT Employee Shares
Trustees Limited;
- a technical interest, together with all employees of BT,
in 5,903,526* shares held in trust in the name of Ilford
Trustees (Jersey) Limited as discretionary beneficiaries
of the BT Employee Trust; and
- a technical interest, together with all employees
of BT, in 13,388,542* shares held in trust in the name of Ilford
Trustees (Jersey) Limited as discretionary beneficiaries of
the BT Employee Trust No. 2.
* An adjustment to the technical interests has been made since the
last notification following the movement of 90,000 pool shares
from the BT Employee Trust to the BT Employee Trust No.2 on
14 December 1999.
24 DATE THAT DIRECTOR BECAME AWARE OF THE TRANSACTION
22 May 2000
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Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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