British Telecommunications PLC
21 February 2000
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
Bill 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, along
with all employees of BT.
6 NATURE OF TRANSACTION & NATURE & EXTENT OF DIRECTORS'
INTEREST IN TRANSACTION
The above named directors, together with all the employees of BT, have
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 BT employee share schemes.
7 NUMBER OF SHARES ACQUIRED 8 PERCENTAGE OF ISSUED
CLASS
10,343,080 0.159%
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 Date No.of shares Price per share
16.02.00 5,458,500 £9.615
17.02.00 4,884,580 £9.728
13 DATE OF TRANSACTION 14 DATE COMPANY INFORMED
16-17 February 2000 18 February 2000
15 TOTAL HOLDING (i.e. Directors' interests) FOLLOWING THIS
NOTIFICATION
The above named directors have other technical interests, under Schedule 13
of the Companies Act 1985 as follows:-
- a technical interest in 78,454 shares held in the name of BT Employee
Shares Trustees Limited, together with all employees of BT;
- a technical interest in 6,003,166 shares in the name of Ilford Trustees
(Jersey) Limited, together with all employees of BT, as discretionary
beneficiaries of the Employee Trust;
- a technical interest in 2,989,576 shares held in the name of Ilford
Trustees(Jersey) Limited, together with all employees of BT, as
discretionary beneficiaries of the Employee Trust No. 2.
There have been no changes to the directors' beneficial holdings.
16 DATE THAT DIRECTORS BECAME AWARE OF THE TRANSACTION
18 February 2000
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