REG - BAE SYSTEMS PLC - Director/PDMR Shareholding

BAE SystemsAnnouncement

28/02/2023 13:30

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RNS Number : 3734R  BAE SYSTEMS PLC  28 February 2023

 

 1    Details of the person discharging managerial responsibilities /person closely

    associated

 a)   Name                                                         Glynn Phillips

 2    Reason for the notification

 a)   Position/status                                              Group Managing Director, Maritime and Land UK

 b)   Initial notification /Amendment                              Initial notification

 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 financial instrument, type of instrument  Ordinary shares of 2.5p each in BAE Systems plc

      Identification code

                                                                   GB0002634946
 b)   Nature of the transaction                                    Exercise of 27,666 share options under the BAE Systems Long Term Incentive

                                                            Plan ("LTIP") and the subsequent sale of 9,292 shares, including those to
                                                                   satisfy income tax and NIC liabilities.

 c)   Price(s) and volume(s)                                       Price    Volume

                                                            Acquisition of shares on exercise of share option                £4.988   27,666

                                                                   Shares retained to settle the cost of exercise                   £9.179   15,035

                                                                   Sale of shares, including those sold to satisfy tax liabilities  £9.179   9,292
 d)   Aggregated information                                       Exercise

                                                                   Volume:  27,666

      - Aggregated volume                                          Price GBP:  £137,998.00

      - Price                                                      Shares retained to settle the cost of exercise

                                                                   Volume:  15,035

                                                                   Price GBP:  £137,999.89

                                                                   Shares sold, including those sold to satisfy tax liabilities

                                                                   Volume:  9,292

                                                                   Price GBP: £85,287.33

 e)   Date of the transaction                                      2023-02-27

 f)   Place of the transaction                                     XLON - London Stock Exchange

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

Exercise

Volume:  27,666

Price GBP:  £137,998.00

 

Shares retained to settle the cost of exercise

Volume:  15,035

Price GBP:  £137,999.89

 

Shares sold, including those sold to satisfy tax liabilities

Volume:  9,292

Price GBP: £85,287.33

 

e)

 

Date of the transaction

 

2023-02-27

f)

 

Place of the transaction

 

XLON - London Stock Exchange

 

 

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