British Telecommunications PLC
17 December 1999
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1 NAME OF COMPANY 2 NAME OF DIRECTOR
British Telecommunications plc Sir Iain Vallance
Sir Peter Bonfield
Robert Brace
William Cockburn
3 THIS NOTIFICATION IS IN RESPECT OF A HOLDING OF:
The directors named in 2 above only
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 of which the Directors named in 2 above are
beneficiaries.
6 NATURE OF TRANSACTION & NATURE & EXTENT OF DIRECTORS'
INTEREST IN TRANSACTION
The above named directors, together with all employees of BT, have acquired
additional technical interests under Schedule 13 of the Companies Act 1985
in shares held in the BT Employee Trust No.2 in respect of the BT
Performance Share Plan.
7 NUMBER OF SHARES ACQUIRED 8 PERCENTAGE OF ISSUED
CLASS
45,785 Not significant
9 NUMBER OF SHARES DISPOSED OF 10 PERCENTAGE OF ISSUED
CLASS
Not applicable Not applicable
11 CLASS OF SECURITY 12 PRICE PER SHARE
Ordinary Shares of 25p £14.03
13 DATE OF TRANSACTION 14 DATE COMPANY INFORMED
14 December 1999 17 December 1999
15 TOTAL HOLDING (i.e. Directors' interests) FOLLOWING THIS
NOTIFICATION; DETAILS OF SHARE OPTIONS ARE GIVEN AT 22
BELOW.
No change since previous notification of directors' interests
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 OF 20 DESCRIPTION OF SHARES
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 HOLD
OPTIONS FOLLOWING THIS NOTIFICATION
No change since previous notifications of directors'
interests
23 ANY ADDITIONAL INFORMATION
The above named directors have other technical interests, under Section 13 of
the Companies Act 1985, as follows:
- under the BT Employee Share Ownership Scheme, together with all employees of
BT plc, a technical interest in 101,266 shares held in the name of the BT
Employee Shares Trustees Limited;
- under the BT Executive Share Plan, a technical interest in 6,003,166 shares
held in the name of Ilford Trustees (Jersey) Limited, together with all
employees of BT plc, as discretionary beneficiaries of the BT Employee Trust;
and
- under the BT Performance Share Plan and the BT Deferred Bonus Plan, a
technical interest in 2,943,791 shares held in trust in the name of Ilford
Trustees (Jersey) Limited, together with all employees of BT plc, as
discretionary beneficiaries of the BT Trust No. 2.
There have been no changes to the directors' beneficial interests since
previous notifications of directors' interests.
24 DATE THAT DIRECTORS BECAME AWARE OF THE TRANSACTION:
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