8th Jun 2007 15:26
BAE SYSTEMS PLC08 June 2007 BAE SYSTEMS plc 7.75p (net) Cumulative Redeemable Preference Shares of 25p each in the capitalof BAE Systems plc ("Preference Shares") NOTIFICATION OF CONVERSION OF ALL OUTSTANDING PREFERENCE SHARES As at the final conversion date for the Preference Shares of 31 May 2007,holders of Preference Shares elected to convert 257,152,626 outstandingPreference Shares into fully paid ordinary shares of 2.5p each in the capital ofBAE Systems plc ("Ordinary Shares") at the pre-determined conversion rate of0.47904 Ordinary Shares for every Preference Share. As permitted by the Company's Articles of Association and as a result of theconversion of 75 per cent. or more of the Preference Shares, BAE Systemsconfirms that it has elected to require the conversion of the remaining2,810,283 Preference Shares outstanding. As prescribed by the Company' Articlesof Association, the conversion will be on the same terms as the conversion thattook place on 31 May 2007. The outstanding Preference Shares will therefore nothave any entitlement to the half-yearly Preference Share dividend previouslynotified as payable on 2 July 2007, nor will any future Preference Sharedividend be payable. Holders of the outstanding Preference Shares will shortly be notified by theCompany of the arrangements for conversion. 8 June 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BAE Systems