15th Dec 2006 11:38
British Airways PLC15 December 2006 British Airways Plc (the "Company") Employee Share Schemes - Announcement of transaction in ordinary shares of 25p each. Exercise of options The Company announces that on 15 December 2006 it was notified that, on 14December 2006, options to acquire ordinary shares of 25p each in the capital ofthe Company granted under the Company's Long Term Incentive Plan 1996 had beenexercised by executive directors and/or persons discharging managerialresponsibility ("PDMR") as detailed in the table below. Table 1 Name Director/PDMR Number of shares Option price Gareth Kirkwood PDMR 40,693 Nil cost The Company also received notification that the directors and/or PDMRs listedbelow each sold ordinary shares of 25p each in the capital of the Company on theLondon Stock Exchange as set out in the following table: Table 2 Name Director/PDMR Number of shares Sale price Date of sale Gareth Kirkwood PDMR 40,693 520.50p 14.12.2006 Sale of shares by employee trust The Company also received notification that on 14 December 2006 the Trustdisposed of 40,693 ordinary shares of 25p each to satisfy the exercise ofoptions under the Company's Long Term Incentive Plan. Willie Walsh and KeithWilliams, executive directors of the Company, as well as other employees, arepotential beneficiaries of the trust. As such, they are deemed to be interestedin the shares held by the Trustee. Accordingly, the number of shares held by theTrust in which the directors are interested decreased by 40,693 following thedisposal. Neither Willie Walsh nor Keith Williams has sold shares personally. This announcement is made following notifications under both section 324Companies Act 1985 and Disclosure Rule 3.1.2. Contact: Alan Buchanan, Company Secretary Tel: 020 8738 5119 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
International Airlines