23rd Nov 2006 16:53
British Airways PLC23 November 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 22 and 23 November 2006 it was notified that, on21 and 22 November 2006, options to acquire ordinary shares of 25p each in thecapital of the Company granted under the Company's Long Term Incentive Plan 1996and Share Option Plan 1999 had been exercised by executive directors and/orpersons discharging managerial responsibility ("PDMR") as detailed in the tablebelow. Table 1Name Director/PDMR Number of shares Option priceGeoffrey Want PDMR 40,931 Nil costGareth Kirkwood PDMR 31,152 321pGareth Kirkwood PDMR 26,315 380pGareth Kirkwood PDMR 15,678 394pGareth Kirkwood PDMR 100,050 157p 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 2Name Director/PDMR Number of shares Sale price Date of saleGeoffrey Want PDMR 40,931 483.15p 21.11.06Gareth Kirkwood PDMR 173,195 492.250p 22.11.06 Purchase and sale of shares by employee trust The Company also announces that on 22 November 2006 it was notified thatComputershare Trustee (CI) Limited, the trustee of the British Airways EmployeeBenefits Trustees (Jersey) Limited (the "Trust"), had purchased 215,952 ordinaryshares of 25p at prices ranging from 479p to 490.25p each on the London StockExchange. The executive directors of the Company named below, as well as otheremployees of the Company, are potential beneficiaries of the trust. As such, thenumber of shares in which the directors are interested increased by 215,952. The Company also received notification that on 20 to 22 November 2006 the Trustdisposed of 215,952 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 215,952 following thedisposal. 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:
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