Director/PDMR Shareholding

RNS Number : 1026J
BAE SYSTEMS PLC
08 December 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 of BAE Systems 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 69,278 options under the Long Term Incentive Plan ("LTIP") and the subsequent sale of 13,369 shares, including those sold to satisfy income tax and NIC liabilities.

c)

Price(s) and volume(s)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition of shares on exercise of share option

 

£ 4.850

 

69,278

 

Shares retained to settle the cost of exercise

 

£8.214

40,906

 

Sale of shares, including those sold to satisfy income tax and NIC liability

 

£8.214

13,369

Shares retained


15,003

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Exercise

Volume:  69,278

Price GBP:  £335,998.3

 

Shares retained to settle the cost of exercise

Volume:  40,906

Price GBP:  £336,001.884

 

Shares sold, including those sold to satisfy income tax and NIC liability

Volume:  13,369

Price GBP:  £109,812.966

 

e)

 

Date of the transaction

 

2022-12-07

f)

 

Place of the transaction

XLON - London Stock Exchange

 

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