Clarification Rule 8.1

RNS Number : 2909A

BAE SYSTEMS PLC

31 July 2008

 

   Clarification                             FORM 8.1                        

DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES

FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS

(Rules 8.1(a) and (b)(i) of the Takeover Code)

1.    KEY INFORMATION

Name of person dealing (Note 1)	BAE Systems plc
Company dealt in	Detica Group plc
Class of relevant security to which the dealings being disclosed relate (Note 2)	Ordinary Shares of 2 pence
Date of dealing	29 July 2008

2.    INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)    Interests and short positions (following dealing) in the class of relevant security dealt in (Note 3)

	Long	Short #
	Number       (%)	Number    (%)
(1) Relevant securities	*9,575,433          8.23
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total	*9,575,433       8.23

* In addition, BAE Systems (Holdings) Limited, a wholly owned subsidiary of BAE Systems plc, has received irrevocable undertakings in respect of 7,162,397 ordinary shares (representing 6.15% of Detica's issued share capital).

# There are three positions held by Deutsche Bank which is presumed to be acting in concert (within the meaning of the City Code) with BAE Systems (Holdings) Limited, a wholly owned subsidiary of BAE Systems plc.  These comprise a short position of 11,302, a short position of 21,727 and a long position of 700 ordinary shares.

(b)    Interests and short positions in relevant securities of the company, other than the class dealt in (Note 3)

Class of relevant security:	Long	Short
	Number       (%)	Number       (%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total

(c)    Rights to subscribe (Note 3)

Class of relevant security:	Details

3.    DEALINGS (Note 4)

(a)    Purchases and sales

Purchase/sale	Number of securities	Price per unit (Note 5)
Purchase	9,575,433	440 pence

(b)    Derivatives transactions (other than options)

Product name,  e.g. CFD	Long/short (Note 6)	Number of securities (Note 7)	Price per unit (Note 5)

(c)    Options transactions in respect of existing securities

(i)    Writing, selling, purchasing or varying

Product name, e.g. call option	Writing, selling, purchasing, varying etc.	Number of securities to which the option relates (Note 7)	Exercise price	Type, e.g. American, European etc.	Expiry  date	Option money paid/received per unit (Note 5)

(ii)    Exercising

Product name, e.g. call option	Number of securities	Exercise price per unit (Note 5)

(d)    Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8)	Details	Price per unit (if applicable) (Note 5)

4.    OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.

Is a Supplemental Form 8 attached? (Note 9)                NO

Date of disclosure	31 July 2008
Contact name	Philip Shelley
Telephone number	020 7568 0000
Name of offeror with which associated	BAE Systems plc
Specify category and nature of associate status (Note 10)

Notes

The Notes on Form 8.1 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk

 

END

 

 

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