Director/PDMR Shareholding

RNS Number : 2275U

BAE SYSTEMS PLC

27 March 2019

 

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 executive share 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 Long Term Incentive Plan - Performance Shares

	Number of shares exercised	Number of shares sold	Sale price (per share)
Thomas Arseneault	16,392	6,823	462.18 pence
Jerry DeMuro	38,162	16,363	462.18 pence

2. BAE Systems Long Term Incentive Plan - Restricted Shares

	Number of shares acquired	Number of shares sold	Sale price (per share)
Thomas Arseneault	79,056	32,907	462.18 pence
Jerry DeMuro	154,688	66,326	462.18pence

3. BAE Systems Restricted Share Plan

	Number of shares exercised	Number of shares sold	Sale price (per share)
Thomas Arseneault	133,567	55,597	453.26 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 Long Term Incentive Plan - Performance and Restricted Shares  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 95,448 Sale of shares, including those sold to satisfy tax  liabilities £4.6218 39,730 Shares retained 55,718
d)	Aggregated information - Aggregated volume - Price	Acquisition Volume:  95,448 Price GBP:  Nil Shares sold (including those sold to satisfy tax  liabilities) Volume:  39,730 Price GBP:  £183,624.11
e)	Date of the transaction	2019-03-25
f)	Place of the transaction	XLON - London Stock Exchange

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 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 133,567 Sale of shares, including those sold to satisfy tax  liabilities £4.5326 55,597 Shares retained 77,970
d)	Aggregated information - Aggregated volume - Price	Acquisition Volume:  133,567 Price GBP:  Nil Shares sold (including those sold to satisfy tax  liabilities) Volume:  55,597 Price GBP:  £251,998.96
e)	Date of the transaction	2019-03-26
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 Long Term Incentive Plan - Performance and Restricted Shares 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 192,850 Sale of shares, including those sold to satisfy tax  liabilities £4.6218 82,689 Shares retained 110,161
d)	Aggregated information - Aggregated volume - Price	Acquisition Volume:  192,850 Price GBP:  Nil Shares sold (including those sold to satisfy tax  liabilities) Volume:  82,689 Price GBP:  £382,172.02
e)	Date of the transaction	2019-03-25
f)	Place of the transaction	XLON - London Stock Exchange

 

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