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On April 20, 2023, BAE Systems plc's Group Managing Director, Air, Clifford Robson, exercised 50,247 share options at £4.851 and acquired 29,010 performance shares for nil cost. He subsequently sold a total of 47,974 ordinary shares at £10.1360 per share, including those sold to satisfy tax liabilities and costs. Additionally, Lady Stephanie Carr, a person closely associated with the Chairman, and Simon Barnes, Managing Director, BAE Systems Saudi Arabia, each transferred 166,639 and 4,418 shares respectively to the Corporate Sponsored Nominee for nil consideration on the same date.
| Date | 24 Apr 2023 |
| Time | 11:22:18 |
| Category | Director/PDMR dealings |
| ID | 2383X |
Director/PDMR Shareholding
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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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Clifford Robson |
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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 Managing Director, Air |
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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
|
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 50,247 options under the BAE Systems Long Term Incentive Plan (LTIP) and the subsequent sale of 22,767 shares, including those sold to satisfy tax 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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Exercise Volume: 50,247 Price GBP: £243,748.20
Shares retained to settle the cost of exercise Volume: 24,048 Price GBP: £243,750.53
Shares sold, including those sold to satisfy tax liabilities Volume: 22,767 Price GBP: £230,766.31
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e)
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Date of the transaction
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23-04-20 |
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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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1
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Details of the person discharging managerial responsibilities / person closely associated |
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a)
|
Name
|
Clifford Robson |
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2
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Reason for the notification
|
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a)
|
Position/status
|
Group Managing Director, Air |
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b)
|
Initial notification /Amendment
|
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
|
||||||||||||||||
|
a)
|
Name
|
BAE Systems plc |
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b)
|
LEI
|
8SVCSVKSGDWMW2QHOH83
|
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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 |
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b)
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Nature of the transaction
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Acquisition of 29,010 performance shares, in the form of nil cost options, under the LTIP and the subsequent sale of 25,207 shares, including those sold to satisfy tax 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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Exercise Volume: 29,010 Price GBP: £0.00
Shares sold, including those sold to satisfy tax liabilities Volume: 25,207 Price GBP: £255,498.15
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e)
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Date of the transaction
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23-04-20 |
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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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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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Lady Stephanie Carr |
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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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A person closely associated with Sir Roger Carr, Chairman
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b)
|
Initial notification /Amendment
|
Initial notification |
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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 |
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b)
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Nature of the transaction
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Transfer of 166,639 shares to the Corporate Sponsored Nominee.
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c)
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Price(s) and volume(s)
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Volume: 166,639
Price: nil consideration
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d)
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Aggregated information
- Aggregated volume
- Price |
Aggregated volume: 166,639 shares
Nil consideration |
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e)
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Date of the transaction
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2023-04-20 |
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f)
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Place of the transaction |
Outside of a trading venue |
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1
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Details of the person discharging managerial responsibilities / person closely associated |
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a)
|
Name
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Simon Barnes |
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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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Managing Director, BAE Systems Saudi Arabia |
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b)
|
Initial notification /Amendment
|
Initial notification |
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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 |
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b)
|
Nature of the transaction
|
Transfer of 4,418 shares to the Corporate Sponsored Nominee.
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c)
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Price(s) and volume(s)
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Volume: 4,418
Price: nil consideration
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d)
|
Aggregated information
- Aggregated volume
- Price
|
Aggregated volume: 4,418 shares
Nil consideration |
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e)
|
Date of the transaction
|
2023-04-20 |
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f)
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Place of the transaction
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Outside of a trading venue |