LONDON, Oct. 1, 2003 (PRIMEZONE) -- BAE Systems plc (LSE:BA) (Pink Sheets:BAESF) (Pink Sheets:BAESY) Schedule 11
Notification of Interests of Directors and Connected Persons
1. Name of company
BAE Systems plc
2. Name of director
Michael Lester
3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of a non-beneficial interest
Director's notification
4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them (if notified)
Michael Lester
5. Please state whether notification relates to a person(s) connected with the director named in 2 above and identify the connected person(s)
No
6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary
Grant of share options under the rules of the Share Option Plan 2001 and conditional award of shares under the rules of the Performance Share Plan.
7. Number of shares / amount of stock acquired
8. Percentage of issued class
9. Number of shares/amount of stock disposed
10. Percentage of issued class
11. Class of security
12. Price per share
13. Date of transaction
14. Date company informed
15. Total holding following this notification
16. Total percentage holding of issued class following this notification
If a director has been granted options by the company please complete the following boxes.
17. Date of grant
30/09/03
18. Period during which or date on which exercisable
Options - 30/09/06 to 29/09/2013 Conditional award - 30/09/03 to 29/09/2010
19. Total amount paid (if any) for grant of the option
Nil
20. Description of shares or debentures involved: class, number
Option over 437,451 Ordinary shares Conditional award of 291,634 Ordinary shares
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise
GBP1.72 for options Nil for conditional awards
22. Total number of shares or debentures over which options held following this notification
1,239,925
23. Any additional information
24. Name of contact and telephone number for queries
David Parkes 01252 383857
25. Name and signature of authorised company official responsible for making this notification
David Parkes
Date of Notification 30/09/2003
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