9th Jun 2005 14:00
British Airways PLC09 June 2005 British Airways Plc and British Airways Capital Limited announce that the 9 3/4per cent. Convertible Capital Bond 2005 issued by British Airways CapitalLimited (the "Bonds") will mature on 15 June 2005. By close of business on 8 June 2005, being the closing date for holders of theBonds to voluntarily elect to exchange and convert their Bonds, a total of13,279 elections had been received to convert and exchange a total of108,037,184 Bonds. Those Bonds will convert into 46,162,189 ordinary shares inBritish Airways Plc, which will be issued to the former holders of the Bonds on15 June 2005. As regards the remaining 4,280,090 Bonds, British Airways Plc has receivednotification that the trustee of the Bonds, The Law Debenture Trust Corporationp.l.c., (the "Trustee") intends to exercise the exchange and conversion rightsin respect of the unconverted Bonds in accordance with the terms and conditionsof the Bonds and that, accordingly, the Trustee has arranged for the sale of the1,817,297 ordinary shares arising on exchange and conversion which are to beissued by British Airways Plc on 15 June 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
International Airlines