Holding(s) in Company

RNS Number : 0625J

BAE SYSTEMS PLC

24 June 2011

 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:			BAE Systems plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Silchester International Investors LLP
4. Full name of shareholder(s)  (if different from 3.):iv		Silchester International Investors International Value Equity Taxable Trust Silchester International Investors International Value Equity Trust Silchester International Investors International Value Equity Group Trust Silchester International Investors Tobacco Free International Value Equity Trust The Calleva Trust The Kiltearn Global Equity Fund The Silchester Global Equity (Ireland) Fund
5. Date of the transaction and date on which the threshold is crossed or reached: v		22nd June 2011
6. Date on which issuer notified:		23rd June 2011
7. Threshold(s) that is/are crossed or reached: vi, vii		3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB0002634946

-

-

103,102,524

103,102,524

3.01%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

N/A

N/A

N/A

N/A

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

N/A

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

103,102,524

3.01%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
N/A
Proxy Voting:
10. Name of the proxy holder:		Silchester International Investors LLP
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	Silchester International Investors LLP ("Silchester") acts as investment manager for the clients detailed in Question 4 above (our "Clients").  In acting for our Clients, Silchester are given full discretion over their investments and are empowered to vote on their behalf.  However, we do not act as our Clients' custodian and therefore shares are not held in our name but in the name of each Client's custodian bank.  Notification is provided based on the total voting rights figure of 3,417,936,494.
14. Contact name:	Darrel Cotton. Compliance Officer
15. Contact telephone number:	0207 518 7118

 

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