19th Jul 2007 15:38
British Airways PLC19 July 2007 BRITISH AIRWAYS Plc - ANNUAL GENERAL MEETING 2007 At the Annual General Meeting held on 17 July 2007, the following resolutionswere duly passed as special resolutions AMENDMENTS TO ARTICLES THAT the proposed amendments to the Articles of Association as produced to themeeting and initialled by the Chairman thereof for the purposes ofidentification be and are hereby adopted as the Articles of Association of theCompany in substitution for and to the exclusion of the Company's existingArticles of Association. PURCHASE OF OWN SHARES THAT the Company be and is hereby generally and unconditionally authorised forthe purposes of Section 166 of the Companies Act 1985 to make market purchases(within the meaning of section 163(3) of the Companies Act 1985) of its ordinaryshares upon and subject to the following conditions: (i) the maximum number of ordinary shares which are authorised to be purchased shall be such number as represents 10 per cent of the aggregate nominal amount of the Company's issued ordinary share capital as at the date of the passing of this resolution; (ii) the maximum price, exclusive of any expenses, which may be paid for any ordinary share shall be the higher of: (a) an amount equal to 105 per cent of the average of the middle market quotations for the Company's ordinary shares as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the date on which such shares are contracted to be purchased; and (b) the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange Daily Official List at the time that the purchase is carried out. (iii) the minimum price, exclusive of any expenses, which may be paid for any ordinary share shall not be less than the nominal value of such ordinary share at the time of the purchase; and (iv) the authority conferred by this resolution shall, unless renewed prior to such time, expire on the date falling 15 months after the passing of this resolution or, if earlier, at the conclusion of the next Annual General Meeting of the Company save that the Company may before such expiry enter into a contract of purchase under which such purchase may be completed or executed wholly or partly after the expiry of this authority. In accordance with Rule 9.6.2, the following documents have today been deliveredto the Document Viewing Facility at The UK Listing Authority: Special resolution to amend the Articles of Association together with the NewArticles of Association. Alan Buchanan Company Secretary 19 July 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
International Airlines