Director/PDMR Shareholding

RNS Number : 0308J

BAE SYSTEMS PLC

23 March 2010

 



BAE SYSTEMS plc

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR THEIR CONNECTED PERSONS

Notifications made in accordance with DTR 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules:

The Company was notified today by the trustee of the BAE Systems ESOP Trust, IFG Trust (Jersey) Limited, that on 22 March 2010, Matching Shares (being ordinary shares of 2.5p each in BAE Systems plc) were released under the BAE Systems Share Matching Plan, together with additional shares deriving from the notional dividends on these awards which have accrued during the three year performance period, to the following Persons Discharging Managerial Responsibilities (PDMRs) as set out below.  No consideration was paid for the acquisition of these shares.  The shares were sourced from treasury shares.  Some of the shares were subsequently disposed of on 22 March 2010, as set out below.  The relevant shares were disposed of at a consideration of 387.3 pence per share and these transactions took place on the London Stock Exchange.

Name of PDMR	Number of shares acquired	Number of shares sold
Philip Bramwell	13,957	5,737
Andrew Davies	13,855	5,695
Ian King	51,322	21,095
Nigel Whitehead	10,263	8,754

23 March 2010         

 

END

 

 

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