Director/PDMR Shareholding

RNS Number : 5664V
BAE SYSTEMS PLC
10 August 2022
 

 

1

 

Details of the person discharging managerial responsibilities /person closely associated

a)

 

Name

 

David Armstrong

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Managing Director, Digital Intelligence

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

 

 

Exercise of 51,994 share options under the BAE Systems Long Term Incentive Plan ("LTIP") and the subsequent sale of 9,853 shares to satisfy income tax, NIC liability and the balance of the cost of exercise.

 

c)

 

Price(s) and volume(s)

 

 

 

Acquisition of shares on exercise of share option

£5.818

 

 

51,994

 

 

Shares retained to settle the cost of exercise

£7.946

34,295

Sale of shares to satisfy income tax, NIC liability and the balance of the cost of exercise

£7.946

9,853

Shares retained

n/a

7,846

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

Exercise

Volume:  51,994

Price GBP:  £302,501.09

 

Shares retained to settle the cost of exercise

Volume:  34,295

Price GBP:  £272,508.07

 

Shares sold to satisfy income tax, NIC liability and the balance of the cost of exercise

Volume:  9,853

Price GBP: £78,291.94

 

e)

 

Date of the transaction

 

22-08-09

f)

 

Place of the transaction

 

XLON - London Stock Exchange

 

 

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