Information  X 
Enter a valid email address

BAE SYSTEMS PLC (BA.)

  Print      Mail a friend       Annual reports

Friday 27 March, 2020

BAE SYSTEMS PLC

Director/PDMR Shareholding

RNS Number : 9448H
BAE SYSTEMS PLC
27 March 2020
 

BAE Systems Long Term incentive Plan ("LTIP")

 

1.  BAE Systems plc announces that on 25 March 2020 it made the following awards over ordinary shares of 2.5p each in BAE Systems plc under the LTIP to the Persons Discharging Managerial Responsibilities ("PDMRs") specified below.

 

In recent weeks, the Company's share price has, to some extent, reflected the uncertain market conditions caused by the coronavirus pandemic.  Consequently, having regard to the share price at grant, the Remuneration Committee has retained the ability to exercise its discretion to ensure that the value of the awards at vesting is appropriate.

 

1.1  Share Options, at an option price of 4.851 pence per share:

 

Name of PDMR

Number of shares granted under option

David Armstrong

69,264

Christopher Boardman

121,231

Philip Bramwell

148,051

Karin Hoeing

181,847

Benjamin Hudson

139,146

Glynn Phillips

105,751

Mark Phillips

37,105

Julian Cracknell

68,777

 

1.2  Performance Shares granted in the form of nil cost options:

 

Name of PDMR

Number of shares granted under option

David Armstrong

69,264

Christopher Boardman

121,231

Philip Bramwell

148,051

Karin Hoeing

181,847

Benjamin Hudson

242,218

Glynn Phillips

105,751

Mark Phillips

37,105

Bradley Greve

421,253

Charles Woodburn

747,474

Julian Cracknell

 68,777

Tom Arseneault

 423,988

 

 

1.3  Restricted Shares granted in the form of conditional awards:

 

Name of PDMR

Number of shares under award

Thomas Arseneault

213,416

 

 

2.  In addition, on 25 March 2020, the following PDMRs acquired ordinary 2.5p shares derived from performance share awards granted in 2015 under the Company's LTIP at nil consideration; and a number of the shares were subsequently sold to cover tax liability.

 

The details of these transactions, which took place on the London Stock Exchange are specified below:

 

2.1  Performance Shares granted in the form of nil cost options:

 


Number of

shares exercised

Number of shares sold

Thomas Arseneault

11,884

5,374

Jerry DeMuro

27,461

12,417

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

David Armstrong

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Business Development 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

 

 

Award of shares under the LTIP:

· Share Options at an option price of £4.851 per share;

· Performance Shares in the form of a conditional award;

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

 

Award

Price(s)

Volume(s)

Share Options

Nil consideration

69,278

Performance Shares

Nil consideration

69,264

Total:


138,528

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 138,556 shares

 

£00.00

e)

 

Date of the transaction

 

Award made on 2020-03-25

f)

 

Place of the transaction

 

-

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Tom Arseneault

 

2

 

Reason for the notification

 

a)

 

Position/status

 

President & 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

 

 

Award of shares under the LTIP:

· Performance Shares in the form of a conditional award; and

· Restricted Shares in the form of a conditional award.

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

 

Award

Price(s)

Volume(s)

Performance Shares

Nil consideration

423,988

Restricted Shares

Nil consideration

213,416

Total:


637,404

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 637,404 shares

 

£00.00

e)

 

Date of the transaction

 

Award made on 2020-03-25

f)

 

Place of the transaction

 

-

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Tom Arseneault

 

2

 

Reason for the notification

 

a)

 

Position/status

 

President & 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 performance shares under the Long Term Incentive 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

11,884

Sale of shares to satisfy tax  liabilities

 

£4.910

5,374

Shares retained

 


6,510

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Acquisition

Volume:  11,884

Price GBP:  Nil

 

Shares sold (to satisfy tax liabilities)

Volume:  5,374

Price GBP:  £26,386.88

 

e)

 

Date of the transaction

 

2020-03-25

f)

 

Place of the transaction

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Christopher Boardman

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Managing Director, Air

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

 

 

Award of shares under the LTIP:

· Share Options at an option price of £4.851 per share; and

· Performance Shares in the form of a nil-cost option.

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

Award

Price(s)

Volume(s)

Share Options

Nil consideration

121,231

Performance Shares

Nil consideration

121,231

Total:


242,462

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 242,462 shares

 

£00.00

e)

 

Date of the transaction

 

Award made on 2020-03-25

f)

 

Place of the transaction

 

-

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Philip Bramwell

2

 

Reason for the notification

 

a)

 

Position/status

 

Group General Counsel

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

 

 

Award of shares under the LTIP:

· Share Options at an option price of £4.851 per share; and

· Performance Shares in the form of a nil-cost option.

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

Award

Price(s)

Volume(s)

Share Options

Nil consideration

148,051

Performance Shares

Nil consideration

148,051

Total:


296,102

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 296,102 shares

 

£00.00

 

e)

 

Date of the transaction

 

Award made on 2020-03-25

f)

 

Place of the transaction

 

-

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Karin Hoeing

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Human Resources 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

 

 

Award of shares under the LTIP:

· Share Options at an option price of £4.851 per share; and

· Performance Shares in the form of a nil-cost option.

·

c)

 

Price(s) and volume(s)

 

 

 

 

Award

Price(s)

Volume(s)

Share Options

Nil consideration

181,847

Performance Shares

Nil consideration

181,847

Total:


363,694

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 363,694 shares

 

£00.00

 

e)

 

Date of the transaction

 

Award made on 2020-03-25

f)

 

Place of the transaction

 

XLON - London Stock Exchange

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Julian Cracknell

2

 

Reason for the notification

 

a)

 

Position/status

 

Managing Director, Applied 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

 

 

Award of shares under the LTIP:

· Share Options at an option price of £4.851 per share; and

· Performance Shares in the form of a nil-cost option.

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

Award

Price(s)

Volume(s)

Share Options

Nil consideration

68,777

Performance Shares

Nil consideration

68,777

Total:


137,554

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 137,554 shares

 

£00.00

 

e)

 

Date of the transaction

 

Award made on 2019-03-20

f)

 

Place of the transaction

 

-

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Jerry DeMuro

2

 

Reason for the notification

 

a)

 

Position/status

 

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 performance shares under the Long Term Incentive 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

27,461

Sale of shares to satisfy tax  liabilities

 

£4.910

12,417

Shares retained

 


15,044

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Acquisition

Volume:  27,461

Price GBP:  Nil

 

Shares sold (to satisfy tax liabilities)

Volume:  12,417

Price GBP:  £60,968.71

e)

 

Date of the transaction

 

2020-03-25

f)

 

Place of the transaction

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Benjamin Hudson

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Technology Officer

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

 

 

Award of shares under the LTIP:

· Share Options at an option price of £4.851 per share; and

· Performance Shares in the form of a nil-cost option.

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

Award

Price(s)

Volume(s)

Share Options

Nil consideration

139,146

Performance Shares

Nil consideration

242,218

Total:


381,364

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 381,364 shares

 

£00.00

e)

 

Date of the transaction

 

Award made on 2020-03-25

f)

 

Place of the transaction

 

-

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Glyn Phillips

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Managing Director Maritime and Land UK

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

 

 

Award of shares under the LTIP:

· Share Options at an option price of £4.851 per share; and

· Performance Shares in the form of a nil-cost option.

 

c)

 

Price(s) and volume(s)

 

 

 

 

Award

Price(s)

Volume(s)

Share Options

Nil consideration

105,751

Performance Shares

Nil consideration

105,751

Total:


211,502

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 211,502 shares

 

£00.00

e)

 

Date of the transaction

 

Award made on 2020-03-25

f)

 

Place of the transaction

 

-

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Mark Phillips

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Communications 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

 

 

Award of shares under the LTIP:

· Share Options at an option price of £4.851 per share; and

· Performance Shares in the form of a nil-cost option.

 

c)

 

Price(s) and volume(s)

 

 

 

 

Award

Price(s)

Volume(s)

Share Options

Nil consideration

37,105

Performance Shares

Nil consideration

37,105

Total:


74,210

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 74,210 shares

 

£00.00

e)

 

Date of the transaction

 

Award made on 2020-03-25

f)

 

Place of the transaction

 

-

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Bradley Greve

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Finance Director Designate

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

 

 

Award of shares under the LTIP:

· Performance Shares in the form of a nil-cost option.

 

c)

 

Price(s) and volume(s)

 

 

 

 

Award

Price(s)

Volume(s)

Performance Shares

Nil consideration

421,253

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 421,253 shares

 

£00.00

e)

 

Date of the transaction

 

Award made on 2020-03-25

f)

 

Place of the transaction

 

-

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Charles Woodburn

2

 

Reason for the notification

 

a)

 

Position/status

 

Chief Executive Officer

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

 

 

Award of shares under the LTIP:

· Performance Shares in the form of a nil-cost option.

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

 

Award

Price(s)

Volume(s)

Performance Shares

 

Nil consideration

747,474

Total:


747,474

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

Aggregated volume: 747,474 shares

 

£00.00

e)

 

Date of the transaction

 

Award made on 2020-03-25

f)

 

Place of the transaction

 

-

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DSHUBOBRRSUOUAR

a d v e r t i s e m e n t