31st Aug 2005 16:00
British Airways PLC31 August 2005 31 August 2005 BRITISH AIRWAYS PERFORMANCE SHARE PLAN AWARDS The Company has today notified the following Directors and Persons DischargingManagerial Responsibilities (PDMR) of the Company of conditional awards ofordinary shares of 25p each under the British Airways Performance Share Plan,which were granted to each of them on 30 August, 2005: Name Role Number of shares in AwardWilliam Walsh Director 319,149John Rishton Director 124,113Martin George Director 98,759Robert Webb PDMR 129,610Roger Maynard PDMR 84,397Lloyd Cromwell Griffiths PDMR 76,702Robert Boyle PDMR 72,695Paul Coby PDMR 70,922Neil Robertson PDMR 67,376 The awards will vest at the end of the three-year performance period (startingwith the year of the award) only if the performance of British Airways satisfiesthe relevant performance conditions over the single three-year performanceperiod. The performance condition relating to one half of the award measuresthe Company's total shareholder return ("TSR") against a group of 20 otherairline companies. The other half of the award is conditional upon achievementof a satisfactory average annual operating margin over the three-yearperformance period. The performance conditions are more fully described in theRemuneration Report contained in the Annual Report and Accounts 2004/2005 a copyof which can be accessed online at www.bashares.com. No consideration is payable for the making or vesting of the awards. Notification is made under section 324 Companies Act 1985 and Disclosure Rule3.1.2. Alan Buchanan Company Secretary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
International Airlines