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BAE Systems plc announced on 11 May 2023 that it purchased 326,111 of its ordinary shares from Morgan Stanley & Co. International plc. The shares were acquired at a volume weighted average price of 981.68p, with a highest price of 996.00p and a lowest price of 971.40p. As part of its Second Tranche Buyback Programme, initiated on 17 November 2022, BAE Systems has purchased a total of 56,121,306 shares since that date at a cost of £493,560,986.44, and intends to cancel the purchased shares.
| Date | 11 May 2023 |
| Time | 18:05:48 |
| Category | Capital structure |
| ID | 1697Z |
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: |
11 May 2023 |
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Number of ordinary shares purchased: |
326,111 |
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Highest price paid per share (p): |
996.00 |
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Lowest price paid per share (p): |
971.40 |
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Volume weighted average price paid per share (p): |
981.68 |
The Company intends to cancel the purchased shares.
In relation to the Second Tranche, since 17 November 2022, BAE Systems plc has purchased 56,121,306 shares at a cost (including dealing and associated costs) of £493,560,986.44.
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/1697Z_1-2023-5-11.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] |