British Telecommunications PLC
26 November 1999
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 spouse of the director named in 2 above
4 NAME OF THE REGISTERED HOLDER
Coutts Nominees Ltd A/C SCP
5 THIS NOTIFICATION RELATES TO:
A person connected with the director named in 2 above, Mrs Susan Cockburn.
6 NATURE OF TRANSACTION & NATURE & EXTENT OF DIRECTOR'S
Dealing by an investment manager, Coutts and Co, in respect of an
acquisition of shares in a discretionary single company PEP.
7 NUMBER OF SHARES ACQUIRED 8 PERCENTAGE OF ISSUED
CLASS
730 shares 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 £12.51
13 DATE OF TRANSACTION 14 DATE COMPANY INFORMED
17 November 1999 26 November 1999
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) 96,232 shares subject to contingent awards under the BT
Executive Share Plan
(c) 32,111 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) Options over 3,330 shares under the 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:
- under the BT Employee Share Ownership Scheme, a technical
interest, together with all employees of BT, in 101,266 shares
held in the name of BT Employee Shares Trustees Limited;
- under the BT Executive Share Plan, a technical interest,
together with all employees of BT, in 6,003,166 shares held in
trust in the name of Ilford Trustees (Jersey) Limited as
discretionary beneficiaries of the BT Employee Trust; and
- under the BT Performance Share Plan and the BT Deferred
Bonus Plan, a technical interest, together with all employees
of BT, in 2,943,791 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
24 November 1999
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