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Mark Phillips, Group Communications Director and a Person Discharging Managerial Responsibilities (PDMR) at BAE Systems plc, exercised 12,491 performance shares under the Long Term Incentive Plan at nil cost on April 13, 2022. Subsequently, he sold 6,043 of these ordinary shares on the London Stock Exchange for £7.748 per share, totaling £46,821.16, to satisfy income tax and NIC liabilities, retaining 6,448 shares.
| Date | 14 Apr 2022 |
| Time | 14:45:32 |
| Category | Director/PDMR dealings |
| ID | 4653I |
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1
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Details of the person discharging managerial responsibilities / person closely associated |
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a)
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Name
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Mark Phillips |
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2
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Reason for the notification
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a)
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Position/status
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Group Communications Director |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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BAE Systems plc |
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b)
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LEI
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8SVCSVKSGDWMW2QHOH83
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 2.5p each in BAE Systems plc
GB0002634946 |
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b)
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Nature of the transaction
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Exercise of 12,491 performance shares under the Long Term Incentive Plan ("LTIP") and the subsequent sale of 6,043 shares to satisfy income tax and NIC liabilities. |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume
- Price
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e)
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Date of the transaction
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22-04-13 |
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f)
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Place of the transaction
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XLON - London Stock Exchange |
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