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BAE Systems plc notified on 07 September 2023 that Simon Barnes, Managing Director of BAE Systems Saudi Arabia, exercised 19,688 unapproved share options, awarded on 23 September 2004, at £5.140 per share. He subsequently sold 8,399 shares at £10.1100 each from this exercise, including those to satisfy tax liabilities, and retained 1,279 shares. Additionally, Barnes received an award of 6,336 performance shares under the LTIP (nil cost options), also awarded on 23 September 2004, and sold 5,500 of these at £10.1100 per share to satisfy liabilities.
| Date | 7 Sept 2023 |
| Time | 15:37:09 |
| Category | Director/PDMR dealings |
| ID | 7666L |
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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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)
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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 19,688 unapproved share options under the Long Term Incentive Plan ("LTIP") and the subsequent sale of 8,399 shares, including those 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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Exercise Volume: 19,688 Price GBP: £101,196.32
Shares retained to settle the cost of exercise Volume: 10,010 Price GBP: £101,201.10
Shares sold, including those to satisfy income tax and NIC liability Volume: 8,399 Price GBP: £84,913.89
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e)
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Date of the transaction
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Award made on 23-09-04 |
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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
|
Details of the person discharging managerial responsibilities / person closely associated |
|||||||||||||
|
a)
|
Name
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Simon Barnes |
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2
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Reason for the notification
|
|||||||||||||
|
a)
|
Position/status
|
Managing Director, BAE Systems Saudi Arabia |
||||||||||||
|
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 |
||||||||||||
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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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Award of performance shares under the LTIP in the form of nil cost options and the subsequent sale of 5,500 shares, including those 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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Acquired Volume: 6,336 shares Price GBP: Nil
Shares sold, including those to satisfy income tax and NIC liability Volume: 5,500 Price GBP: £55,605
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e)
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Date of the transaction
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Award made on 23-09-04 |
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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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