BAE Systems PLC has announced the acquisition of shares by two individuals closely associated with the company's executives. Valerie Lynn Woodburn, a person closely associated with Charles Woodburn, Chief Executive and Director, acquired 90,000 ordinary shares for nil consideration. Samantha Cracknell, a person closely associated with Julian Cracknell, Chief Technology & Information Officer, acquired 70,000 ordinary shares for nil consideration. Both acquisitions followed a transfer of shares from the respective executives. The transactions took place outside of a trading venue on April 17th and 16th, 2024, respectively.
The acquisitions were made in accordance with the company's regulations regarding the notification of transactions by persons discharging managerial responsibilities or persons closely associated with them. The shares were acquired at nil consideration, indicating that no money changed hands in these transactions.
These acquisitions reflect the ongoing involvement and investment of individuals closely associated with BAE Systems PLC's key executives in the company's shareholding. Such transactions are important to monitor as they provide insight into the confidence and commitment of key individuals within the company.