TIDMBA.

RNS Number : 4653I

BAE SYSTEMS PLC

14 April 2022

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Mark Phillips 
      ---------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------- 
 a)    Position/status              Group Communications 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 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 12,491 performance shares 
                                     under the Long Term Incentive Plan 
                                     ("LTIP") and the subsequent sale of 
                                     6,043 shares to satisfy income tax 
                                     and NIC liabilities. 
      ---------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)                               Price       Volume 
                                       Acquisition 
                                        of shares 
                                        on exercise 
                                        of share 
                                        option               Nil         12,491 
                                                            ----------  ------- 
                                       Sale of shares 
                                        to satisfy 
                                        income tax 
                                        and NIC liability    GBP7.748    6,043 
                                                            ----------  ------- 
                                       Shares retained                   6,448 
                                                                        ------- 
      ---------------------------  -------------------------------------------- 
 d)    Aggregated information         Exercise 
                                        Volume: 12,491 
        - Aggregated volume             Price GBP: nil 
                                       Shares sold to satisfy income tax 
        - Price                         Volume: 6,043 
                                        Price GBP: GBP46,821.16 
      ---------------------------  -------------------------------------------- 
 e)    Date of the transaction      22-04-13 
      ---------------------------  -------------------------------------------- 
 f)    Place of the transaction     XLON - London Stock Exchange 
      ---------------------------  -------------------------------------------- 
 

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END

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April 14, 2022 09:45 ET (13:45 GMT)

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