RNS Number : 0550J
BAE SYSTEMS PLC
27 March 2018
 

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 long-term incentive 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 Performance Share Plan

 

Number of shares exercised

Number of shares sold

Sale price (per share)

Thomas Arseneault

22,533

19,453

565.94 pence

Jerry DeMuro

25,546

11,550

565.94 pence

 

 

3. BAE Systems Restricted Share Plan

 

Number of shares acquired

Number of shares sold

Sale price (per share)

Thomas Arseneault

70,731

61,061

565.94 pence

Jerry DeMuro

135,056

61,064

565.94 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 Performance Share Plan and 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

93,264

Sale of shares, including those sold to satisfy tax  liabilities

 

£5.6594

80,514

Shares retained

 


12,750

 




d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Acquisition

Volume:  93,264

Price GBP:  Nil

 

Shares sold (including those sold to satisfy tax  liabilities)

Volume:  80,514

Price GBP:  £455,660.93

 

e)

 

Date of the transaction

 

2018-03-26

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 Performance Share Plan and 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 award

 

Nil

160,602

Sale of shares, including those sold to satisfy tax  liabilities

 

£5.65940

72,614

Shares retained

 


87,988




d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

Acquisition

Volume:  160,602

Price GBP:  Nil

 

Shares sold (including those sold to satisfy tax  liabilities)

Volume:  72,614

Price GBP:  £410,951.67

 

e)

 

Date of the transaction

 

2018-03-26

f)

 

Place of the transaction

 

XLON - London Stock Exchange

 

 


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