BAE SYSTEMS PLC Director/PDMR Shareholding (2768A)

TIDMBA.

RNS Number : 2768A

BAE SYSTEMS PLC

10 September 2018

BAE Systems Long Term incentive Plan ("LTIP")

BAE Systems plc announces that on 6 September 2018 it made the following awards over ordinary shares of 2.5p each in BAE Systems plc under the LTIP to Andrew Wolstenholme, a Person Discharging Managerial Responsibilities ("PDMR") as specified below:

1. Share Options, at an option price of 607.2 pence per share:

 
 Number of shares 
  granted under 
  option             98,484 
 

2. Performance Shares granted in the form of nil cost options:

 
 Number of shares 
  granted under option    113,636 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Andrew Wolstenholme 
     --------------------------  ----------------------------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------------------------- 
 a)   Position/status             Group Managing Director, Maritime 
                                   and Land UK 
     --------------------------  ----------------------------------------------------------------- 
 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 the          Ordinary shares of 2.5p each in BAE 
       financial instrument,       Systems plc 
       type of instrument 
 
       Identification code         GB0002634946 
     --------------------------  ----------------------------------------------------------------- 
 b)   Nature of the transaction        Award of shares under the LTIP: 
                                         *    Share Options at an option price of GBP6.072 per 
                                              share; and 
 
 
                                         *    Performance Shares in the form of a nil-cost option. 
     --------------------------  ----------------------------------------------------------------- 
 c)   Price(s) and volume(s)        Award            Price(s)             Volume(s) 
                                     Share Options    Nil consideration       98,484 
                                                     -------------------  ---------- 
                                     Performance 
                                      Shares          Nil consideration      113,636 
                                                     -------------------  ---------- 
                                                                  Total:     212,120 
                                                                          ---------- 
     --------------------------  ----------------------------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          Aggregated volume: 212,120 shares 
 
       - Price                      GBP00.00 
     --------------------------  ----------------------------------------------------------------- 
 e)   Date of the transaction     Award made on 2018-09-06 
     --------------------------  ----------------------------------------------------------------- 
 f)   Place of the transaction    - 
     --------------------------  ----------------------------------------------------------------- 
 

10 September 2018

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September 10, 2018 05:50 ET (09:50 GMT)