BAE SYSTEMS PLC Director/PDMR Shareholding (8909K)

TIDMBA.

RNS Number : 8909K

BAE SYSTEMS PLC

13 April 2018

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------------------- 
 a)   Name                       Peter Lynas 
---  -------------------------  -------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------- 
 a)   Position/status            Group Finance Director and 
                                  Director 
---  -------------------------  -------------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  -------------------------------------------- 
 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             Ordinary shares of 2.5p each 
       the financial              in BAE Systems plc 
       instrument, type 
       of instrument 
                                  GB0002634946 
       Identification 
       code 
---  -------------------------  -------------------------------------------- 
 b)   Nature of the              Exercise of performance shares 
       transaction                in the form of nil cost options 
                                  under the Long Term Incentive 
                                  Plan - the sale of some of 
                                  those shares and retention 
                                  of the balance of shares. 
---  -------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)                                 Price   Volume 
                                   --------------------  ----------  ------- 
                                    Acquisition 
                                     of shares on 
                                     exercise of 
                                     share option 
                                     (sourced from 
                                     Treasury shares)     Nil         19,230 
                                   --------------------  ----------  ------- 
                                    Sale of shares, 
                                     to satisfy income 
                                     tax and NIC 
                                     liability            GBP5.915    10,525 
                                   --------------------  ----------  ------- 
                                    Shares Retained                    8,705 
                                   --------------------------------  ------- 
---  -------------------------  -------------------------------------------- 
 d)   Aggregated information     Aggregated volume: 
                                   Exercise 
                                    Volume: 19,230 
       - Aggregated volume          Price GBP: Nil 
                                  ------------------------------- 
       - Price                     Shares sold (sold to satisfy 
                                    income tax and NIC liability) 
                                    Volume: 10,525 
                                    Price GBP: GBP62,255.38 
                                  ------------------------------- 
---  -------------------------  -------------------------------------------- 
 e)   Date of the transaction               2018-04-12 
---  -------------------------  -------------------------------------------- 
 f)   Place of the transaction   XLON - London Stock Exchange 
---  -------------------------  -------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 13, 2018 06:44 ET (10:44 GMT)