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BAE Systems plc purchased 327,000 of its ordinary shares from Morgan Stanley & Co. International plc on 09 May 2023, as part of its share repurchase programme. The shares were bought at a volume weighted average price of 987.15p, with prices ranging from 982.20p to 994.60p, and the Company intends to cancel them. Since 17 November 2022, under the Second Tranche of the programme, BAE Systems plc has purchased a total of 55,463,534 shares for £487,037,175.99.
| Date | 9 May 2023 |
| Time | 17:23:46 |
| Category | Capital structure |
| ID | 8496Y |
BAE Systems plc
TRANSACTION IN OWN SHARES
BAE Systems plc (the "Company") announces that, in accordance with the terms of its share repurchase programme announced on 28 July 2022 (the "Buyback Programme") and following the announcement on 17 November 2022 in relation to the initiation of the second tranche of the Buyback Programme (the "Second Tranche"), the Company purchased the following number of its ordinary shares of 2.5p each from Morgan Stanley & Co. International plc.
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Date of purchase: |
09 May 2023 |
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Number of ordinary shares purchased: |
327,000 |
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Highest price paid per share (p): |
994.60 |
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Lowest price paid per share (p): |
982.20 |
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Volume weighted average price paid per share (p): |
987.15 |
The Company intends to cancel the purchased shares.
In relation to the Second Tranche, since 17 November 2022, BAE Systems plc has purchased 55,463,534 shares at a cost (including dealing and associated costs) of £487,037,175.99.
A full breakdown of the individual trades made by Morgan Stanley & Co. International plc on behalf of the Company as part of the share repurchase programme is attached to this document.
http://www.rns-pdf.londonstockexchange.com/rns/8496Y_1-2023-5-9.pdf
This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.
This announcement will also be available on the Company's website at: https://investors.baesystems.com/regulatory-news
For further information, please contact:
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Investors |
Media |
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Martin Cooper, Investor Relations Director Telephone: +44 (0)1252 383455 Email: [email protected] |
Kristina Anderson, Director, Media Relations Telephone: +44 (0) 7540 628673 Email: [email protected] |