RNS Number : 8388H

BAE SYSTEMS PLC

21 March 2024

Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Glynn Phillips

2

Reason for the notification

a)

Position/status

Group Managing Director Maritime and Land

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

Exercise of 85,574 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 40,322 shares to satisfy income tax and NIC liabilities.

c)

Price(s) and volume(s)

	Price	Volume(s)
Acquisition of shares on exercise of share option	£0	85,574
Sale of shares to satisfy income tax and NIC liability	£13.30	40,322
Shares retained		45,252

d)

Aggregated information

- Aggregated volume

- Price

Exercise

Volume:  85,574

Price GBP:  £0

Shares sold to satisfy income tax  

Volume:  40,322

Price GBP: £536,282.60

e)

Date of the transaction

24-03-20

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Thomas Arseneault

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

Exercise of 39,961 performance shares under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 39,961 shares, including those to satisfy tax liabilities.

c)

Price(s) and volume(s)

	Price	Volume(s)
Acquisition of shares on exercise of share option	£0	39,961
Sale of shares, including those sold to satisfy tax liabilities	£13.285337	39,961

d)

Aggregated information

- Aggregated volume

- Price

Exercise

Volume:  39,961

Price GBP:  £0

Shares sold,including those sold to satisfy income tax liabilities

Volume:  39,961

Price GBP: £530,895.3519

e)

Date of the transaction

24-03-20

f)

Place of the transaction

XLON - London Stock Exchange

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