British Airways PLC
27 November 2006
BRITISH AIRWAYS PERFORMANCE SHARE PLAN AND DEFERRED SHARE PLAN AWARDS
The Company has today notified the following Directors and Persons Discharging
Managerial Responsibilities (PDMR) of the Company of conditional awards of
ordinary shares of 25p each under the British Airways Performance Share Plan
('PSP') and the British Airways Deferred Share Plan ('DSP'), which were formally
granted to each of them on 24 November 2006.
Name Position PSP DSP
Number of Awards Number of Awards
William Walsh Director 185,950 27,800
Keith Williams Director 77,479 16,991
Roger Maynard PDMR 50,930 8,688
Robert Boyle PDMR 45,496 8,032
Paul Coby PDMR 43,182 6,645
Garrett Copeland PDMR 15,198 4,560
Lloyd Cromwell Griffiths PDMR 46,240 6,961
Gareth Kirkwood PDMR 22,810 5,702
Geoffrey Want PDMR 44,421 6,773
Robert Webb PDMR 78,926 12,068
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 relating to one half of the award
measures the Company's total shareholder return ('TSR') against a group of 20
other airline companies. The other half of the award is conditional upon
achievement of a satisfactory average annual operating margin over the three
year performance period. The awards under the DSP are subject to a three-year
deferral period. Both schemes and the PSP performance conditions are more fully
described in the Remuneration Report contained in the Annual Report and Accounts
2005/2006 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 section 324 Companies Act 1985 and Disclosure Rule
3.1.2.
Alan Buchanan
Company Secretary
27 November 2006
This information is provided by RNS
The company news service from the London Stock Exchange ND
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