Directors' Notification of Dealing in Shares
British Telecommunications PLC
4 August 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
Ilford Trustees (Jersey) Limited
5 THIS NOTIFICATION RELATES TO:
Ilford Trustees (Jersey) Limited is trustee of the BT
Employee Trust and the BT Employee Trust No.2 of which the
Director named in 2 above is a discretionary beneficiary.
6 NATURE OF TRANSACTION & NATURE & EXTENT OF DIRECTOR'S
Acquisition of shares following an adjustment to the reinvestment of
dividends on shares in connection with the BT Executive Share
Plan and the BT Deferred Bonus Plan.
7 NUMBER OF SHARES ACQUIRED 8 PERCENTAGE OF ISSUED
CLASS
Not significant
a) 571 subject to contingent awards (Executive Share
Plan)
b) 30 subject to contingent awards (Deferred Bonus
Plan)
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 Contingent award - no consideration
for grant
13 DATE OF TRANSACTION 14 DATE COMPANY INFORMED
31 July 2000 4 August 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 184,001 shares
(b) 270,525 shares subject to contingent awards under the BT
Executive Share Plan
(c) 14,290 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.
24 DATE THAT DIRECTOR BECAME AWARE OF THE TRANSACTION
4 August 2000
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1 NAME OF COMPANY 2 NAME OF DIRECTOR
British Telecommunications plc Sir Peter Bonfield
3 THIS NOTIFICATION IS IN RESPECT OF A HOLDING OF:
The Director named in 2 above
4 NAME OF THE REGISTERED HOLDER
Ilford Trustees (Jersey) Limited
5 THIS NOTIFICATION RELATES TO:
Ilford Trustees (Jersey) Limited is trustee of the BT
Employee Trust and the BT Employee Trust No.2 of which the
Director named in 2 above is a discretionary beneficiary.
6 NATURE OF TRANSACTION & NATURE & EXTENT OF DIRECTOR'S
Acquisition of shares following an adjustment to the reinvestment of
dividends on shares in connection with the BT Executive Share
Plan and the BT Deferred Bonus Plan.
7 NUMBER OF SHARES ACQUIRED 8 PERCENTAGE OF ISSUED
CLASS
Not significant
a) 828 subject to contingent awards (Executive Share
Plan)
b) 261 subject to contingent awards (Deferred Bonus
Plan)
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 Contingent award - no consideration
for grant
13 DATE OF TRANSACTION 14 DATE COMPANY INFORMED
31 July 2000 4 August 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 10,583 shares
(b) 391,035 shares subject to contingent awards under the BT
Executive Share Plan
(c) 124,199 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
6,460 - 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.
24 DATE THAT DIRECTOR BECAME AWARE OF THE TRANSACTION
4 August 2000
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1 NAME OF COMPANY 2 NAME OF DIRECTOR
British Telecommunications plc Bill Cockburn
3 THIS NOTIFICATION IS IN RESPECT OF A HOLDING OF:
The Director named in 2 above
4 NAME OF THE REGISTERED HOLDER
Ilford Trustees (Jersey) Limited
5 THIS NOTIFICATION RELATES TO:
Ilford Trustees (Jersey) Limited is trustee of the BT
Employee Trust and the BT Employee Trust No.2 of which the
Director named in 2 above is a discretionary beneficiary.
6 NATURE OF TRANSACTION & NATURE & EXTENT OF DIRECTOR'S
Acquisition of shares following an adjustment to the reinvestment of
dividends on shares in connection with the BT Executive Share
Plan and the BT Deferred Bonus Plan.
7 NUMBER OF SHARES ACQUIRED 8 PERCENTAGE OF ISSUED
CLASS
a) 203 subject to contingent Not significant
awards (Executive Share Plan)
b) 69 subject to contingent awards (Deferred Bonus
Plan)
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 Contingent award - no consideration
for grant
13 DATE OF TRANSACTION 14 DATE COMPANY INFORMED
31 July 2000 4 August 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 22,865 shares
(b) 97,138 shares subject to contingent awards under the BT
Executive Share Plan
(c) 32,414 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
3,330 - 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.
24 DATE THAT DIRECTOR BECAME AWARE OF THE TRANSACTION
4 August 2000
NOTIFICATION OF CHANGES IN DIRECTORS' INTERESTS IN THE
ORDINARY SHARES OF BRITISH TELECOMMUNICATIONS plc
Reduction of technical interests in respect of:
Sir Iain Vallance
Sir Peter Bonfield
Robert Brace
Bill Cockburn
The above named directors have ceased to have a technical
interest under Schedule 13 of the Companies Act 1985 in
681,975 shares in the BT Employee Trust in respect of the BT
Executive Share Plan, held in the name of Ilford Trustees
(Jersey) Limited.
This cessation of technical interests results from the
vesting on 1 August 2000 of 681,975 shares in 54
participants in the BT Executive Share Plan by Ilford
Trustees (Jersey) Limited in accordance with the measurement
of corporate performance.
No consideration was payable by the participants on the
vesting of the award; the valuation for income tax (PAYE)
purposes for participants is 877.8 pence per share.
Following the vesting of ordinary shares to participants,
each of the above directors had a technical interest,
together with all employees of BT plc, in 5,221,551 shares
in the BT Employee Trust and in 13,388,542 shares in the BT
Employee Trust No. 2, held in the name of Ilford Trustees
(Jersey) Limited.
On 2 August 2000, Ilford Trustees (Jersey) Limited transferred
9,844,142 shares from the BT Employee Trust No.2 to the BT
Employee Trust No.4 (both held in the name of Ilford Trustees
(Jersey) Limited) for nil consideration.
Date on which the directors became aware of the transactions:
4 August 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 A HOLDING OF:
The Director named in 2 above
4 NAME OF THE REGISTERED HOLDER
Robert Brace;
Mrs Naomi Jiljane Brace
5 THIS NOTIFICATION RELATES TO:
The Director named in 2 above.
6 NATURE OF TRANSACTION & NATURE & EXTENT OF DIRECTOR'S INTEREST
The vesting of 41,642 shares in Robert Brace by Ilford Trustees (Jersey)
Limited, the Trustee under the BT Executive Share Plan, in respect of the
1995 operation of the BT Executive Share Plan in accordance with the
measurement of corporate performance (Total Shareholder Return).
16,691 of the vested shares were subsequently sold in order to fund the
PAYE liability which arose on vesting, leaving a balance of 24,951 shares
of which 12,475 were transferred to Mrs N.J Brace (a connected person).
On vesting of the contingent awards referred to above, the Trustee under
the BT Executive Share Plan, Ilford Trustees (Jersey) Limited, also
transferred to Mr Brace, for nil consideration, the 4,742 shares which Mr
Brace had invested in the Plan and which the Trustee had held as bare
trustee for Mr Brace in connection with the 1995 operation of the BT
Executive Share Plan.
7 NUMBER OF SHARES ACQUIRED 8 PERCENTAGE OF ISSUED
CLASS
41,642 Not significant
9 NUMBER OF SHARES DISPOSED 10 PERCENTAGE OF ISSUED
OF CLASS
16,691 Not significant
11 CLASS OF SECURITY 12 PRICE PER SHARE
Ordinary Shares of 25p each Acquisition: no consideration on
vesting of the award; valuation for
income tax (PAYE) purposes - 877.8p
per share
Disposal: 877.8 pence per share
13 DATE OF TRANSACTION 14 DATE COMPANY INFORMED
1 August 2000 4 August 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 208,962 shares
(b) 228,883 shares subject to contingent awards under the BT
Executive Share Plan
(c) 14,290 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 Ordinary Shares of 25p each
21 EXERCISE PRICE (FIXED AT TIME OF GRANT)
Not applicable
22 TOTAL NUMBER OF SHARES OVER WHICH THE DIRECTORS HOLDS
OPTIONS FOLLOWING THIS NOTIFICATION
Options over 78,540 shares under the BT Share Option Scheme
Options over 5,208 shares under the BT Employee Sharesave Scheme
23 ANY ADDITIONAL INFORMATION
The above named director has technical interests
under Schedule 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
5,221,551 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 3,544,400 shares
held in trust in the name of Ilford Trustees (Jersey) Limited as discretionary
beneficiaries of the BT Employee Trust No.2.
- a technical interest, together with all employees of BT, in 9,844,142 shares
held in trust in the name of Ilford Trustees (Jersey) Limited as discretionary
beneficiaries of the BT Employee Trust No.4.
24 DATE THAT DIRECTOR BECAME AWARE OF THE TRANSACTION
4 August 2000
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1 NAME OF COMPANY 2 NAME OF DIRECTOR
British Telecommunications plc Sir Peter Bonfield
3 THIS NOTIFICATION IS IN RESPECT OF A HOLDING OF:
The Director named in 2 above
4 NAME OF THE REGISTERED HOLDER
Ilford Trustees (Jersey) Limited
5 THIS NOTIFICATION RELATES TO:
Ilford Trustees (Jersey) Limited is trustee of the BT
Employee Trust No. 2 and the BT Employee Trust No.4 of which the
Director named in 2 above is a discretionary beneficiary.
6 NATURE OF TRANSACTION & NATURE & EXTENT OF DIRECTOR'S
Acquisition of contingent awards of shares under the BT Incentive Share
Plan and the BT Deferred Bonus Plan:
(a) BT Incentive Share Plan - contingent award of 179,516 shares
(b) BT Deferred Bonus Plan - contingent award of 57,537 shares
7 NUMBER OF SHARES ACQUIRED 8 PERCENTAGE OF ISSUED
CLASS
237,053 (contingent awards) 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 Contingent award - no consideration
for grant
13 DATE OF TRANSACTION 14 DATE COMPANY INFORMED
2 August 2000 4 August 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 10,583 shares
(b) 391,035 shares subject to contingent awards under the BT
Executive Share Plan
(c) 181,736 shares subject to contingent awards under the
BT Deferred Bonus Plan
(d) 179,516 shares subject to contingent awards under the BT
Incentive Share 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
6,460 - 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 5,221,551 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 3,544,400 shares held in trust in the name of Ilford
Trustees (Jersey) Limited as discretionary beneficiaries of
the BT Employee Trust No.2.
- a technical interest, together with all employees of BT,
in 9,844,142 shares held in trust in the name of Ilford
Trustees (Jersey) Limited as discretionary beneficiaries of
the BT Employee Trust No.4.
24 DATE THAT DIRECTOR BECAME AWARE OF THE TRANSACTION
4 August 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
Ilford Trustees (Jersey) Limited
5 THIS NOTIFICATION RELATES TO:
Ilford Trustees (Jersey) Limited is trustee of the BT
Employee Trust No. 2 and the BT Employee Trust No.4 of which the
Director named in 2 above is a discretionary beneficiary.
6 NATURE OF TRANSACTION & NATURE & EXTENT OF DIRECTOR'S
Acquisition of contingent awards of shares under the BT Incentive Share
Plan and the BT Deferred Bonus Plan:
(a) BT Incentive Share Plan - contingent award of 43,728 shares
(b) BT Deferred Bonus Plan - contingent award of 8,342 shares
7 NUMBER OF SHARES ACQUIRED 8 PERCENTAGE OF ISSUED
CLASS
52,070 (contingent awards) 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 Contingent award - no consideration
for grant
13 DATE OF TRANSACTION 14 DATE COMPANY INFORMED
2 August 2000 4 August 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 208,962 shares
(b) 228,883 shares subject to contingent awards under the BT
Executive Share Plan
(c) 22,632 shares subject to contingent awards under the
BT Deferred Bonus Plan
(d) 43,728 shares subject to contingent awards under the BT
Incentive Share 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
78,540 - BT Share Option Scheme
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 5,221,551 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 3,544,400 shares held in trust in the name of Ilford
Trustees (Jersey) Limited as discretionary beneficiaries of
the BT Employee Trust No.2.
- a technical interest, together with all employees of BT,
in 9,844,142 shares held in trust in the name of Ilford
Trustees (Jersey) Limited as discretionary beneficiaries of
the BT Employee Trust No.4.
24 DATE THAT DIRECTOR BECAME AWARE OF THE TRANSACTION
4 August 2000