BAE SYSTEMS PLC Director/PDMR Shareholding (3395V)

TIDMBA.

RNS Number : 3395V

BAE SYSTEMS PLC

13 April 2021

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Philip Bramwell 
     --------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status             Group General Counsel 
     --------------------------  -------------------------------------------- 
 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   Exercise of options over 39,903 Performance 
                                   Shares under the Long Term Incentive 
                                   Plan ("LTIP") and the subsequent 
                                   sale of 18,794 shares to satisfy 
                                   income tax and NIC liability. 
     --------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)                              Price       Volume 
                                     Acquisition 
                                      of shares 
                                      on exercise 
                                      of share 
                                      option               Nil         39,903 
                                                          ----------  ------- 
                                     Sale of shares 
                                      to satisfy 
                                      income tax 
                                      and NIC liability    GBP5.056    18,794 
                                                          ----------  ------- 
                                     Shares retained                   21,109 
                                                                      ------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated information        Exercise 
                                      Volume: 39,903 
       - Aggregated volume            Price GBP: nil 
                                     Shares sold to satisfy income tax 
       - Price                        and NIC liability 
                                      Volume: 18,794 
                                      Price GBP: GBP95,022.46 
     --------------------------  -------------------------------------------- 
 e)   Date of the transaction     2021-04-12 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction    XLON - London Stock Exchange 
     --------------------------  -------------------------------------------- 
 

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April 13, 2021 09:25 ET (13:25 GMT)