BAE Systems PLC has issued a correction to its "Transaction in Own Shares" announcement, clarifying an error in the release on 8 January 2024. The correction specifies that the share purchases were related to the Third Tranche, with the correct date being since 1 June 2023, not 28 July 2022 as previously stated. The figures for the number of shares purchased and the costs of those purchases were accurate in relation to the Third Tranche.
The company has repurchased 172,429 of its ordinary shares from Morgan Stanley & Co. International plc on 8 January 2024, with the highest price paid per share at 1,161.00p, the lowest at 1,144.50p, and the volume-weighted average price at 1,151.98p. BAE Systems plc intends to cancel the purchased shares. Since 1 June 2023, the company has bought 22,155,510 shares at a cost of £226,034,115.76 as part of the Third Tranche.
The full breakdown of the individual trades made by Morgan Stanley & Co. International plc on behalf of the company as part of the share repurchase program is available in the attached document. The announcement emphasizes that it does not constitute an offer for securities in any jurisdiction and will be accessible on the company's website.
For further information, investors can contact Martin Cooper, Investor Relations Director, at +44 (0)1252 383455 or via email at [email protected]. Media inquiries can be directed to Kristina Anderson, Director of Media Relations, at +44 (0) 7540 628673.