24th Nov 2006 15:17
British Airways PLC24 November 2006 British Airways Plc Employee share schemes: Announcement of transactions in shares and change in directors' interests On 24 November 2006 the Company received notification from Computershare Trustee(CI) Limited, the trustee of the British Airways Employee Benefits Trustees(Jersey) Limited (the "Trust") that on 23 November 2006 the Trust had purchased84,266 ordinary shares of 25p each at a price of 487.75p per share. The executive directors of the Company, Willie Walsh and Keith Williams, as wellas other employees of the Company, are potential beneficiaries of the Trust. Assuch, they are deemed to be interested in the shares held by the Trust.Accordingly, the number of shares in which the directors are interestedincreased by 84,266. The Company also received notification that on 23 November 2006 the Trustdisposed of 84,266 ordinary shares of 25p each to satisfy the exercise ofoptions under the Company's Long Term Incentive Plan. The executive directorsof the Company, Willie Walsh and Keith Williams, 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 in whichthe directors are interested decreased by 84,266 following the disposal. This announcement is made under Section 329 of the Companies Act 1985 andDisclosure Rule 3.1.4. ContactAlan Buchanan, Company SecretaryTel: 0208 738 5119 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
International Airlines