TIDMBA.

RNS Number : 2138G

BAE SYSTEMS PLC

25 May 2017

 
 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 nil cost options 
       transaction                under the Performance Share 
                                  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           11,691 
                                   --------------------  ------------  ------- 
                                    Sale of shares, 
                                     to satisfy income 
                                     tax and NIC 
                                     liability            GBP6.51685     6,399 
                                   --------------------  ------------  ------- 
                                    Shares Retained                      5,292 
                                   ----------------------------------  ------- 
---  -------------------------  ---------------------------------------------- 
 d)   Aggregated information     Aggregated volume: 
                                   Exercise 
                                    Volume: 11,691 
       - Aggregated volume          Price GBP: Nil 
                                  ------------------------------- 
       - Price                     Shares sold (sold to satisfy 
                                    income tax and NIC liability) 
                                    Volume: 6,399 
                                    Price GBP: GBP41,701.32 
                                  ------------------------------- 
---  -------------------------  ---------------------------------------------- 
 e)   Date of the transaction               2017-05-24 
---  -------------------------  ---------------------------------------------- 
 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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May 25, 2017 03:18 ET (07:18 GMT)

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