425 1 ba20120927425.htm FORM 8 (OPD) AMENDMENT (BAE SYSTEMS PLC) ba20120927425.htm

Filed by BAE Systems plc
Filed pursuant to Rule 425 under the Securities Act of 1933, as amended
Subject Companies: European Aeronautic Defence & Space Company N.V. and BAE Systems plc
Commission File Nos.: 132-02764 and 132-02763
Date: 27 September 2012

Note: The announcement below was issued by BAE Systems plc today.  The filing of this announcement under Rule 425 shall not be deemed an acknowledgment that such a filing is required or that an offer requiring registration under the Securities Act of 1933, as amended, may ever occur in connection with the possible business combination transaction described herein.


FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the “Code”)

1.           KEY INFORMATION

(a)Identity of the party to the offer making the disclosure:
BAE Systems plc
(b)Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient
N/A
(c)Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each party to the offer
BAE Systems plc
(d)Is the party to the offer making the disclosure the offeror or the offeree?
OFFEREE
(e)Date position held:
25 September 2012
(f)Has the party previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?
Yes – on 26 September 2012 disclosed in respect of holdings in EADS N.V as at 12 September 2012.

2.           POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

(a)
Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security:
 
BAE Systems plc ordinary shares
 
Interests
Short positions
Number
%
Number
%
(1)Relevant securities owned and/or controlled:
0
-
0
-
(2)Derivatives (other than options):
0
-
0
-
(3)Options and agreements to purchase/sell:
0
-
0
-
 
TOTAL:
0
-
0
-

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b)
Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:
N/A
Details, including nature of the rights concerned and relevant percentages:
N/A

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(c)           Irrevocable commitments and letters of intent

Details of any irrevocable commitments or letters of intent procured by the party to the offer making the disclosure or any person acting in concert with it (see Note 3 on Rule 2.11 of the Code):
None
 

3.
POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe of any person acting in concert with the party to the offer making the disclosure:
 

Beneficial holding of Directors of BAE Systems plc in shares in BAE Systems plc

Name
Number of BAE Systems plc Shares
Percentage of issued ordinary share capital of BAE Systems plc (per cent.)
Dick Olver
53,343
0.00
Ian King
1,351,570
0.04
Linda Hudson
405,020
0.01
Peter Lynas
279,399
0.00
Paul Anderson
60,000
0.00
Peter Mason
25,283
0.00
Paula Rosput Reynolds
1,200*
0.00
Nick Rose
55,000
0.00
Carl Symon
20,000
0.00
*shares held in the form of 300 American Depositary Shares

Options/contingent interests held by directors of BAE Systems plc over shares in BAE Systems plc

PSP - BAE Systems Performance Share Options Plans
ExSOP - BAE Systems Executive Share Option Plan
SMP - BAE Systems Share Matching Plan
RSP - BAE Systems Restricted Share Plan

Ian King

Share
as at 25
Exercise
  
Date from
Expiry date
Option
September
price
  
which
  
 Plan
2012
£
Date of grant
exercisable
  
PSP
38,463
nil
07.05.08
26.03.13
26.03.15
PSP
65,219
nil
08.09.08
08.09.12
08.09.15
PSP
92,823
nil
24.03.09
24.03.13
24.03.16
PSP
289,351
nil
23.03.10
23.03.13
23.03.17
PSP
289,352
nil
23.03.10
23.03.13
23.03.17
PSP
346,707
nil
18.05.11
18.05.14
18.05.18
PSP
346,707
nil
18.05.11
18.05.14
18.05.18
PSP
199,968
nil
29.03.12
29.03.15
29.03.19
PSP
199,969
nil
29.03.12
29.03.15
29.03.19
 
1,868,559
        
ExSOP
318,314
1.72
30.09.03
30.09.06
30.09.13
ExSOP
272,388
2.01
30.03.04
30.03.07
30.03.14
ExSOP
221,903
2.64
24.03.05
24.03.08
24.03.15
ExSOP
145,443
4.28
12.04.06
12.04.09
12.04.16
ExSOP
173,960
4.57
30.03.07
30.03.10
30.03.17
ExSOP
959,850
3.01
29.03.12
29.03.15
29.03.22
 
2,091,858
        
 
as at 25
Price
      
 
September
on award
Date of
Date of
  
LTIPs
2012
or  vesting
award
vesting
  
SMP
431,701
nil
23.03.10
23.03.13
  
SMP
425,877
nil
18.05.11
18.05.14
  
SMP
479,048
nil
29.03.12
29.03.15
  
 
1,336,626
        

Linda Hudson

 
as at 25
Exercise
  
Date from
  
 
September
price
  
which
  
Share options
2012
£
Date of grant
exercisable
Expiry date
PSP
           14,461
nil
26.03.08
26.03.11
26.03.15
PSP
           29,641
nil
24.03.09
24.03.12
24.03.16
PSP
         191,983
nil
23.03.10
23.03.13
23.03.17
PSP
         191,983
nil
23.03.10
23.03.13
23.03.17
PSP
         147,376
nil
18.05.11
18.05.14
18.05.18
PSP
         147,376
nil
18.05.11
18.05.14
18.05.18
PSP
         158,819
nil
29.03.12
29.03.15
29.03.19
PSP
         158,818
nil
29.03.12
29.03.15
29.03.19
 
1,040,457
        
ExSOP
         133,740
4.57
30.03.07
30.03.10
30.03.17
ExSOP
         854,334
3.01
29.03.12
29.03.15
29.03.22
 
988,074
        
 
as at 25
Price on
      
 
September
award or
  
Date of
  
LTIPs
2012
vesting
Date of award
vesting
  
SMP
96,383
nil
23.03.10
23.03.13
  
SMP
219,610
nil
18.05.11
18.05.14
  
SMP
208,032
nil
29.03.12
29.03.15
  
 
524,025
        
RSP
119,743
nil
18.05.11
18.05.14
  
RSP
219,060
nil
29.03.12
29.03.15
  
 
      338,803
        

Peter Lynas

 
as at 25
Exercise
  
Date from
  
 
September
price
  
which
  
Share options
2012
£
Date of grant
 exercisable
Expiry date
           
PSP
          12,660
nil
26.03.08
26.03.13
26.03.15
PSP
              18,049
nil
24.03.09
24.03.13
24.03.16
PSP
              57,950
nil
23.03.10
23.03.13
23.03.17
PSP
              57,951
nil
23.03.10
23.03.13
23.03.17
PSP
           136,350
nil
18.05.11
18.05.14
18.05.18
PSP
           136,350
nil
18.05.11
18.05.14
18.05.18
PSP
           113,372
nil
29.03.12
29.03.15
29.03.19
PSP
           113,372
nil
29.03.12
29.03.15
29.03.19
 
646,054
        
ExSOP
              13,386
3.56
22.12.05
22.12.08
22.12.15
ExSOP
              75,887
4.28
12.04.06
12.04.09
12.04.16
ExSOP
              73,522
4.57
30.03.07
30.03.10
30.03.17
ExSOP
           544,186
3.01
29.03.12
29.03.15
29.03.22
 
706,981
        
 
as at 25
Price on
      
 
September
award or
Date of
Date of
  
LTIPs
2012
vesting
award
vesting
  
SMP
32,884
nil
23.03.10
23.03.13
  
SMP
33,552
nil
18.05.11
18.05.14
  
SMP
101,156
nil
29.03.12
29.03.15
  
 
167,592
        


Interests of advisers to BAE Systems plc in shares in BAE Systems plc

 
Interests
Short positions
Name
Number of BAE Systems plc Shares
Percentage of issued ordinary share capital of BAE Systems plc (per cent.)
Number of BAE Systems plc Shares
Percentage of issued ordinary share capital of BAE Systems plc (per cent.)
UBS AG
610,733
0.03
-
-
UBS AG
156,068*
0.00
-
-
* shares held in the form of 39,017 American Depositary Shares

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3 for each additional class of relevant security.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4.           OTHER INFORMATION

(a)           Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:
If there are no such agreements, arrangements or understandings, state “none”
None
 

(b)           Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to:
(i)the voting rights of any relevant securities under any option; or
(ii)the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state “none”
None
 

(c)           Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)
YES
Supplemental Form 8 (SBL)
NO


Date of disclosure:
27 September 2012
Contact name:
David Parkes, Company Secretary
Telephone number:
+44 (0)1252 383857

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.  The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

This document does not constitute an offer for sale of any securities or an offer or an invitation to purchase any such securities in the United States. The securities referred to herein may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended (the “Securities Act”), or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus satisfying applicable requirements that may be obtained from EADS N.V. or BAE Systems plc, as applicable, and that will contain detailed information about EADS N.V. and BAE Systems plc and their respective management, as well as financial statements. To the extent an exemption from registration under the Securities Act is not available for any offering of securities by either EADS N.V. or BAE Systems plc, such offering will be registered under the Securities Act. If and when the parties enter into a definitive agreement, transaction documents will be made available to EADS N.V. and BAE Systems plc shareholders by EADS N.V. and BAE Systems plc and, if required, will either be furnished to or filed with the SEC. Holders of BAE Systems plc securities or of EADS N.V. securities who are US persons or who are located in the United States are urged to read such documents if and when they become available before they make any decision with respect to any combination transaction. If such documents are furnished or filed with the SEC, they will be available free of charge at the SEC's web site at www.sec.gov. Nothing in this document shall be deemed an acknowledgement that any SEC filing is required or that an offer requiring registration under the Securities Act may ever occur in connection with the possible business combination transaction described herein.