8th May 2007 15:06
BAE SYSTEMS PLC08 May 2007 Regulatory Announcement This announcement is not for release, publication or distribution directly or indirectly in, or into, the United States, Canada, Japan or Australia, or any other jurisdiction where to do the same would constitute a violation of the relevant laws of such jurisdiction. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe forsecurities in the United States, Canada, Japan or Australia or any jurisdiction in which such offer or solicitation is unlawful. BAE SYSTEMS PLC - RESULT OF PLACING 8 May 2007 BAE Systems plc ("BAE Systems") is pleased to announce the successful completionof the placing which commenced this morning as announced yesterday (the "Placing"). A total of approximately 174 million new ordinary shares of 2.5 pence each in BAE Systems (the "Placing Shares") have been placed by Hoare Govett Limited and UBS Limited at a price of 430 pence per Placing Share, raising £750 million before expenses. The Placing Shares being issued represent approximately 5.5 per cent. of BAE Systems' issued ordinary share capital prior to the Placing. The Placing Shares will, when issued, be credited as fully paid and will rankequally in all respects with the existing ordinary shares of the Company,including the right to receive all future dividends and other distributions,other than the final dividend for the year ended 31 December 2006 of 6.9 penceper ordinary share announced on 22 February 2007. Subject to shareholderapproval, the final dividend will be paid on 1 June 2007 to shareholdersregistered on 20 April 2007. The ex-dividend date was 18 April 2007. Application has been made for, and the Placing is conditional on, inter alia,admission of the Placing Shares to listing on the Official List of the UKListing Authority and admission of the Placing Shares to trading on the LondonStock Exchange plc's main market for listed securities (together "Admission").It is expected that Admission will take place, and dealings in the PlacingShares will commence, at 8.00am on 11 May 2007. Issued by:BAE Systems plcLondon For further information please contact:- BAE Systems Investors: Andy Wrathall tel: 01252 383820 Media: Charlotte Lambkin tel: 01252 383836 Hoare Govett (Joint Corporate Broker) Corporate Broking Neil Collingridge tel: 020 7678 1692 Luke Simpson tel: 020 7678 5173 Syndicate Jeremy Thompson tel: 020 7678 1760 Tom Perry tel: 020 7678 6571 UBS Limited (Joint Corporate Broker) Corporate Broking Phil Shelley tel: 0207 568 2730 James Archer tel: 0207 567 5423 Syndicate Christopher Smith tel: 0207 568 4389 Tom Johnson tel: 0207 568 1417 This announcement has been issued by and is the sole responsibility of BAESystems. Hoare Govett Limited which is authorised and regulated by the Financial ServicesAuthority, is acting exclusively for BAE Systems and for no one else solely inconnection with the Placing and will not be responsible to anyone other than BAESystems for providing the protections afforded to the customers of Hoare GovettLimited or for providing advice in relation to the Placing or any transaction orarrangement referred to in this announcement. UBS Limited, which is authorised and regulated by the Financial ServicesAuthority, is acting exclusively for BAE Systems and for no one else solely inconnection with the Placing and will not be responsible to anyone other than BAESystems for providing the protections afforded to the customers of UBS Limitedor for providing advice in relation to the Placing or any transaction orarrangement referred to in this announcement. This announcement is for information purposes only and does not constitute anoffer to sell or issue or the solicitation of an offer to buy or subscribe forsecurities in any jurisdiction in which such offer or solicitation is unlawful,or investment advice in any jurisdiction. This announcement should not berelied upon in any decision to acquire the Placing Shares or any othersecurities in the capital of the Company. Past performance is no guide tofuture performance and persons needing advice should consult an independentfinancial adviser. This announcement is not an offer for sale within the United States of anysecurity of the Company. Securities of the Company, including its ordinaryshares, may not be offered or sold in the United States absent registrationunder the U.S. securities laws or unless exempt from registration under suchlaws. The Placing Shares have not been and will not be registered under U.S.securities laws or under the laws of any state of the United States. No publicoffering of securities of the Company is being made in the United States, theUnited Kingdom or anywhere else. Not for release, publication or distribution in, or into, the United States,Canada, Japan or Australia, or any other jurisdiction where to do the same wouldconstitute a violation of the relevant laws of such jurisdiction. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BAE Systems