Source - LSE Regulatory
RNS Number : 7666L
BAE SYSTEMS PLC
07 September 2023
 

Director/PDMR Shareholding

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Simon Barnes

2

 

Reason for the notification

 

a)

 

Position/status

 

Managing Director, BAE Systems Saudi Arabia

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

BAE Systems plc

b)

 

LEI

 

8SVCSVKSGDWMW2QHOH83

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 2.5p each in BAE Systems plc

 

 

GB0002634946

b)

 

Nature of the transaction

 

 

Exercise of 19,688 unapproved share options under the Long Term Incentive Plan ("LTIP") and the subsequent sale of 8,399 shares, including those to satisfy income tax and NIC liabilities.

 

c)

 

Price(s) and volume(s)

 

 

 

 

Acquisition of shares on exercise of share option

£5.140

 

19,688

Shares retained to settle the cost of exercise

£10.1100

 

10,010

Sale of shares, including those to satisfy income tax and NIC liability

£10.1100

 

8,399

Shares retained

n/a

1,279

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Exercise

Volume:  19,688

Price GBP: £101,196.32

 

Shares retained to settle the cost of exercise

Volume:  10,010

Price GBP:  £101,201.10

 

 

Shares sold, including those to satisfy income tax and NIC liability

Volume:  8,399

Price GBP: £84,913.89

 

e)

 

Date of the transaction

 

Award made on 23-09-04

f)

 

Place of the transaction

 

XLON - London Stock Exchange

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Simon Barnes

2

 

Reason for the notification

 

a)

 

Position/status

 

Managing Director, BAE Systems Saudi Arabia

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

BAE Systems plc

b)

 

LEI

 

8SVCSVKSGDWMW2QHOH83

 

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 2.5p each in BAE Systems plc

 

 

GB0002634946

b)

 

Nature of the transaction

 

 

Award of performance shares under the LTIP in the form of nil cost options and the subsequent sale of 5,500 shares, including those to satisfy income tax and NIC liabilities.

 

c)

 

Price(s) and volume(s)

 

 

 

 


Price

Volume

Award of performance shares under the LTIP

Nil consideration

6,336

Sale of shares

£10.1100

5,500

Shares retained


836

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Acquired

Volume:  6,336 shares

Price GBP: Nil

 

Shares sold, including those to satisfy income tax and NIC liability

Volume: 5,500

Price GBP: £55,605

 

e)

 

Date of the transaction

 

Award made on 23-09-04

f)

 

Place of the transaction

 

XLON - London Stock Exchange

 

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END
 
 
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