Form 8 (OPD) Amendment (BAE Systems plc)

RNS Number : 3625N
BAE SYSTEMS PLC
27 September 2012
 



FORM 8 (OPD)

 

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Identity of the party to the offer making the disclosure:

BAE Systems plc

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

     The naming of nominee or vehicle companies is insufficient

N/A

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each party to the offer

BAE Systems plc

(d) Is the party to the offer making the disclosure the offeror or the offeree?

OFFEREE

(e) Date position held:

25 September 2012

(f)  Has the party previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?

Yes - on 26 September 2012 disclosed in respect of holdings in EADS N.V as at 12 September 2012.

 

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 

Class of relevant security:

 

BAE Systems plc ordinary shares

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

0

-

0

-

(2) Derivatives (other than options):

0

-

0

-

(3) Options and agreements to purchase/sell:

0

-

0

-

 

     TOTAL:

0

-

0

-

 

All interests and all short positions should be disclosed.

 

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

(b)        Rights to subscribe for new securities

 

Class of relevant security in relation to which subscription right exists:

N/A

Details, including nature of the rights concerned and relevant percentages:

N/A

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(c)        Irrevocable commitments and letters of intent

 

Details of any irrevocable commitments or letters of intent procured by the party to the offer making the disclosure or any person acting in concert with it (see Note 3 on Rule 2.11 of the Code):

None

 

 

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

Details of any interests, short positions and rights to subscribe of any person acting in concert with the party to the offer making the disclosure:


 

Beneficial holding of Directors of BAE Systems plc in shares in BAE Systems plc

 

Name

Number of BAE Systems plc Shares

Percentage of issued ordinary share capital of BAE Systems plc (per cent.)

Dick Olver

53,343

0.00

Ian King

1,351,570

0.04

Linda Hudson

405,020

0.01

Peter Lynas

279,399

0.00

Paul Anderson

60,000

0.00

Peter Mason

25,283

0.00

Paula Rosput Reynolds

1,200*

0.00

Nick Rose

55,000

0.00

Carl Symon

20,000

0.00

*shares held in the form of 300 American Depositary Shares

 

Options/contingent interests held by directors of BAE Systems plc over shares in BAE Systems plc

 

PSP - BAE Systems Performance Share Options Plans

ExSOP - BAE Systems Executive Share Option Plan

SMP - BAE Systems Share Matching Plan

RSP - BAE Systems Restricted Share Plan

 

Ian King

 

Share

as at 25

Exercise


Date from

Expiry date

Option

September

price


which


 Plan

2012

£

Date of grant

exercisable


PSP

38,463

nil

07.05.08

26.03.13

26.03.15

PSP

65,219

nil

08.09.08

08.09.12

08.09.15

PSP

92,823

nil

24.03.09

24.03.13

24.03.16

PSP

289,351

nil

23.03.10

23.03.13

23.03.17

PSP

289,352

nil

23.03.10

23.03.13

23.03.17

PSP

346,707

nil

18.05.11

18.05.14

18.05.18

PSP

346,707

nil

18.05.11

18.05.14

18.05.18

PSP

199,968

nil

29.03.12

29.03.15

29.03.19

PSP

199,969

nil

29.03.12

29.03.15

29.03.19


1,868,559





ExSOP

318,314

1.72

30.09.03

30.09.06

30.09.13

ExSOP

272,388

2.01

30.03.04

30.03.07

30.03.14

ExSOP

221,903

2.64

24.03.05

24.03.08

24.03.15

ExSOP

145,443

4.28

12.04.06

12.04.09

12.04.16

ExSOP

173,960

4.57

30.03.07

30.03.10

30.03.17

ExSOP

959,850

3.01

29.03.12

29.03.15

29.03.22


2,091,858






as at 25

Price





September

on award

Date of

Date of


LTIPs

2012

or  vesting

award

vesting


SMP

431,701

nil

23.03.10

23.03.13


SMP

425,877

nil

18.05.11

18.05.14


SMP

479,048

nil

29.03.12

29.03.15



1,336,626





 

Linda Hudson

 


as at 25

Exercise


Date from



September

price


which


Share options

2012

£

Date of grant

exercisable

Expiry date

PSP

           14,461

nil

26.03.08

26.03.11

26.03.15

PSP

           29,641

nil

24.03.09

24.03.12

24.03.16

PSP

         191,983

nil

23.03.10

23.03.13

23.03.17

PSP

         191,983

nil

23.03.10

23.03.13

23.03.17

PSP

         147,376

nil

18.05.11

18.05.14

18.05.18

PSP

         147,376

nil

18.05.11

18.05.14

18.05.18

PSP

         158,819

nil

29.03.12

29.03.15

29.03.19

PSP

         158,818

nil

29.03.12

29.03.15

29.03.19


1,040,457





ExSOP

         133,740

4.57

30.03.07

30.03.10

30.03.17

ExSOP

         854,334

3.01

29.03.12

29.03.15

29.03.22


988,074






as at 25

Price on





September

award or


Date of


LTIPs

2012

vesting

Date of award

vesting


SMP

96,383

nil

23.03.10

23.03.13


SMP

219,610

nil

18.05.11

18.05.14


SMP

208,032

nil

29.03.12

29.03.15



524,025





RSP

119,743

nil

18.05.11

18.05.14


RSP

219,060

nil

29.03.12

29.03.15



      338,803





 

Peter Lynas

 


as at 25

Exercise


Date from



September

price


which


Share options

2012

£

Date of grant

 exercisable

Expiry date







PSP

          12,660

nil

26.03.08

26.03.13

26.03.15

PSP

              18,049

nil

24.03.09

24.03.13

24.03.16

PSP

              57,950

nil

23.03.10

23.03.13

23.03.17

PSP

              57,951

nil

23.03.10

23.03.13

23.03.17

PSP

           136,350

nil

18.05.11

18.05.14

18.05.18

PSP

           136,350

nil

18.05.11

18.05.14

18.05.18

PSP

           113,372

nil

29.03.12

29.03.15

29.03.19

PSP

           113,372

nil

29.03.12

29.03.15

29.03.19


646,054





ExSOP

              13,386

3.56

22.12.05

22.12.08

22.12.15

ExSOP

              75,887

4.28

12.04.06

12.04.09

12.04.16

ExSOP

              73,522

4.57

30.03.07

30.03.10

30.03.17

ExSOP

           544,186

3.01

29.03.12

29.03.15

29.03.22


706,981






as at 25

Price on





September

award or

Date of

Date of


LTIPs

2012

vesting

award

vesting


SMP

32,884

nil

23.03.10

23.03.13


SMP

33,552

nil

18.05.11

18.05.14


SMP

101,156

nil

29.03.12

29.03.15



167,592





 

 

Interests of advisers to BAE Systems plc in shares in BAE Systems plc

 


Interests

Short positions

Name

Number of BAE Systems plc Shares

Percentage of issued ordinary share capital of BAE Systems plc (per cent.)

Number of BAE Systems plc Shares

Percentage of issued ordinary share capital of BAE Systems plc (per cent.)

UBS AG

610,733

0.03

-

-

UBS AG

156,068*

0.00

-

-

* shares held in the form of 39,017 American Depositary Shares

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3 for each additional class of relevant security.

 

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

4.         OTHER INFORMATION

 

(a)        Indemnity and other dealing arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:

If there are no such agreements, arrangements or understandings, state "none"

None

 

 

(b)        Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to:

(i)  the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None

 

 

(c)        Attachments

 

Are any Supplemental Forms attached?

 

Supplemental Form 8 (Open Positions)

YES

Supplemental Form 8 (SBL)

NO

 

 

Date of disclosure:

27 September 2012

Contact name:

David Parkes, Company Secretary

Telephone number:

+44 (0)1252 383857

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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