Director/PDMR Shareholding

RNS Number : 0550J

BAE SYSTEMS PLC

27 March 2018

 

Director/PDMR Shareholding

BAE Systems plc announces that certain Persons Discharging Management Responsibility (PDMRs) have acquired ordinary 2.5p shares derived from performance and restricted share awards granted under the Company's long-term incentive plans at nil consideration; and a number of the shares were subsequently sold.

The details of these transactions, which took place on the London Stock Exchange, are set out below.

1.  BAE Systems Performance Share Plan

	Number of shares exercised	Number of shares sold	Sale price (per share)
Thomas Arseneault	22,533	19,453	565.94 pence
Jerry DeMuro	25,546	11,550	565.94 pence

3. BAE Systems Restricted Share Plan

	Number of shares acquired	Number of shares sold	Sale price (per share)
Thomas Arseneault	70,731	61,061	565.94 pence
Jerry DeMuro	135,056	61,064	565.94 pence

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tom Arseneault
2	Reason for the notification
a)	Position/status	Chief Operating Officer, BAE Systems, Inc.
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 Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Acquisition of shares under the Performance Share Plan and the Restricted Share Plan and, the subsequent disposal of some of those shares and retention of the balance of shares
c)	Price(s) and volume(s)	Price Volume Acquisition of shares on release of share awards Nil 93,264 Sale of shares, including those sold to satisfy tax  liabilities £5.6594 80,514 Shares retained 12,750
d)	Aggregated information - Aggregated volume - Price	Acquisition Volume:  93,264 Price GBP:  Nil Shares sold (including those sold to satisfy tax  liabilities) Volume:  80,514 Price GBP:  £455,660.93
e)	Date of the transaction	2018-03-26
f)	Place of the transaction	XLON - London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jerry DeMuro
2	Reason for the notification
a)	Position/status	President & Chief Executive Officer, BAE Systems, Inc. and Director
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 Identification code	Ordinary shares of 2.5p each in BAE Systems plc GB0002634946
b)	Nature of the transaction	Acquisition of shares under the Performance Share Plan and the Restricted Share Plan and, the subsequent disposal of some of those shares and retention of the balance of shares
c)	Price(s) and volume(s)	Price Volume Acquisition of shares on release of share award Nil 160,602 Sale of shares, including those sold to satisfy tax  liabilities £5.65940 72,614 Shares retained 87,988
d)	Aggregated information - Aggregated volume - Price	Acquisition Volume:  160,602 Price GBP:  Nil Shares sold (including those sold to satisfy tax  liabilities) Volume:  72,614 Price GBP:  £410,951.67
e)	Date of the transaction	2018-03-26
f)	Place of the transaction	XLON - London Stock Exchange

 

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