Director/PDMR Shareholding

RNS Number : 2135J

British Airways PLC

25 March 2010

 



BRITISH AIRWAYS PERFORMANCE SHARE PLAN AWARDS

The Company has received notification that the following Director and Persons Discharging Managerial Responsibilities (PDMR) of the Company have received conditional awards of ordinary shares of 25p each under the British Airways Performance Share Plan ('PSP') which were formally granted to each of them on 19 March 2010.

Name	Position	PSP Number of Awards
Keith Williams	Director	325,123
Robert Boyle	PDMR	174,877
Andrew Crawley	PDMR	135,468
Garrett Copeland	PDMR	113,300
Drusilla Maizey	PDMR	106,552
Roger Maynard	PDMR	137,931
Anthony McCarthy	PDMR	184,729

The awards under the PSP will vest at the end of the three-year performance period (starting with the year of the award) only if the performance of British Airways satisfies the relevant performance conditions over the single three-year performance period.  The performance condition of the award measures the Company's total shareholder return ('TSR') against a group of other airline companies.  The PSP performance conditions are more fully described in the Remuneration Report contained in the Annual Report and Accounts 2008/2009 a copy of which can be accessed online at www.bashares.com.

No consideration is payable for the making or vesting of the awards.

Notification is made under Disclosure Rule 3.1.2 following notification from the participants.

Alan Buchanan

Company Secretary

25 March 2010

 

END

 

 

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