TIDMBA.

RNS Number : 0943G

BAE SYSTEMS PLC

24 May 2017

 
 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             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         10,270 
                                   --------------------  ----------  ------- 
                                    Sale of shares, 
                                     to satisfy income 
                                     tax and NIC 
                                     liability            GBP6.435     5,683 
                                   --------------------  ----------  ------- 
                                    Shares Retained                    4,587 
                                   --------------------------------  ------- 
---  -------------------------  -------------------------------------------- 
 d)   Aggregated information     Aggregated volume: 
                                   Exercise 
                                    Volume: 10,270 
       - Aggregated volume          Price GBP: Nil 
                                  ------------------------------- 
       - Price                     Shares sold (sold to satisfy 
                                    income tax and NIC liability) 
                                    Volume: 5,683 
                                    Price GBP: GBP36,570.11 
                                  ------------------------------- 
---  -------------------------  -------------------------------------------- 
 e)   Date of the transaction               2017-05-23 
---  -------------------------  -------------------------------------------- 
 f)   Place of the transaction   XLON - London Stock Exchange 
---  -------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------------- 
 a)   Name                       Alan Garwood 
---  -------------------------  ------------------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------------------- 
 a)   Position/status            Group Business Development 
                                  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 and the sale of those 
                                  shares 
---  -------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)                               Price   Volume 
                                   -------------------  ---------  ------- 
                                    Acquisition 
                                     of shares on 
                                     exercise of 
                                     share option 
                                     (sourced from 
                                     Treasury shares)    Nil        13,931 
                                   -------------------  ---------  ------- 
                                    Sale of shares, 
                                     including those 
                                     sold to satisfy 
                                     income tax and 
                                     NIC liability       GBP6.45    13,931 
                                   -------------------  ---------  ------- 
---  -------------------------  ------------------------------------------ 
 d)   Aggregated information     Aggregated volume: 
                                   Exercise 
                                    Volume: 13,931 
       - Aggregated volume          Price GBP: Nil 
                                  ----------------------------- 
       - Price                     Shares sold (including those 
                                    sold to satisfy income tax 
                                    and NIC liability) 
                                    Volume: 13,931 
                                    Price GBP: GBP89,854.95 
                                  ----------------------------- 
---  -------------------------  ------------------------------------------ 
 e)   Date of the transaction               2017-05-23 
---  -------------------------  ------------------------------------------ 
 f)   Place of the transaction   XLON - London Stock Exchange 
---  -------------------------  ------------------------------------------ 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------------------ 
 a)   Name                       Nigel Whitehead 
---  -------------------------  --------------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------------ 
 a)   Position/status            Group Managing Director, 
                                  Programmes and Support 
---  -------------------------  --------------------------------------------- 
 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 and the sale of those 
                                  shares 
---  -------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s)                                  Price   Volume 
                                   -------------------  ------------  ------- 
                                    Acquisition 
                                     of shares on 
                                     exercise of 
                                     share option 
                                     (sourced from 
                                     Treasury shares)    Nil           10,270 
                                   -------------------  ------------  ------- 
                                    Sale of shares, 
                                     including those 
                                     sold to satisfy 
                                     income tax and 
                                     NIC liability       GBP6.43616    10,270 
                                   -------------------  ------------  ------- 
---  -------------------------  --------------------------------------------- 
 d)   Aggregated information     Aggregated volume: 
                                   Exercise 
                                    Volume: 10,270 
       - Aggregated volume          Price GBP: Nil 
                                  ----------------------------- 
       - Price                     Shares sold (including those 
                                    sold to satisfy income tax 
                                    and NIC liability) 
                                    Volume: 10,270 
                                    Price GBP: GBP66,099.36 
                                  ----------------------------- 
---  -------------------------  --------------------------------------------- 
 e)   Date of the transaction               2017-05-23 
---  -------------------------  --------------------------------------------- 
 f)   Place of the transaction   XLON - London Stock Exchange 
---  -------------------------  --------------------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------------------- 
 a)   Name                       Nigel Whitehead 
---  -------------------------  ---------------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------------- 
 a)   Position/status            Group Managing Director, 
                                  Programmes and Support 
---  -------------------------  ---------------------------------------------- 
 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 share options 
       transaction                and the subsequent disposal 
                                  of those shares 
---  -------------------------  ---------------------------------------------- 
 c)   Price(s) and volume(s)                                  Price    Volume 
                                   -------------------  ------------  -------- 
                                    Acquisition 
                                     of shares on 
                                     exercise of 
                                     share option 
                                     (sourced from 
                                     Treasury shares)    GBP4.115      150,092 
                                   -------------------  ------------  -------- 
                                    Shares retained 
                                     to settle the 
                                     cost of exercise    GBP6.43616     95,963 
                                   -------------------  ------------  -------- 
                                    Sale of shares, 
                                     including those 
                                     sold to satisfy 
                                     income tax and 
                                     NIC liability       GBP6.43616     54,129 
                                   -------------------  ------------  -------- 
                                    Shares Retained                        Nil 
                                   ---------------------------------  -------- 
---  -------------------------  ---------------------------------------------- 
 d)   Aggregated information     Aggregated volume: 
                                   Exercise 
                                    Volume: 150,092 
       - Aggregated volume          Price GBP: GBP617,628.58 
                                  ----------------------------- 
       - Price                     Shares retained to settle 
                                    the cost of exercise 
                                    Volume: 95,963 
                                    Price GBP: GBP617,633.22 
                                  ----------------------------- 
                                   Shares sold (including those 
                                    sold to satisfy income tax 
                                    and NIC liability) 
                                    Volume: 54,129 
                                    Price GBP: GBP348,382.90 
                                  ----------------------------- 
---  -------------------------  ---------------------------------------------- 
 e)   Date of the transaction               2017-05-23 
---  -------------------------  ---------------------------------------------- 
 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 24, 2017 04:42 ET (08:42 GMT)

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