Disposal

RNS Number : 1020I

BAE SYSTEMS PLC

08 June 2011

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN

BAE Systems - sale of shares in Saab AB

8 June 2011

On 5 March 2010 BAE Systems announced a partial sale of its shares in Saab AB and its intention to dispose of the balance of its holding, in due course, through a market placing.

BAE Systems today announces the disposal of its Saab AB shareholding, comprising 11,166,173 Saab 'B' shares, pursuant to a market placing, for a cash consideration of SEK 1,553 million (£152 million).

Issued by:

BAE Systems plc

London

The shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and, accordingly, may not be offered or sold in the United States absent registration or except pursuant to an exemption from, or in a transaction not subject to, registration under the Securities Act. No public offering of the shares will be made in the United States or elsewhere.

 

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