24th Mar 2006 07:00
BAE SYSTEMS PLC23 March 2006 BAE Systems plc Rule 2.10 announcement Relevant securities in issue In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, BAESystems plc confirms that it has in issue 3,220,039,688 Ordinary Shares of 2.5pence each under ISIN code GB0002634946 and 266,079,032 7.75 pence netCumulative Convertible Redeemable Preference Shares of 25 pence each under ISINcode GB0001271690. Dealing disclosure requirements Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers, ifany person is, or becomes, 'interested' (directly or indirectly) in 1% or moreof any class of 'relevant securities' of BAE Systems or of Babcock InternationalGroup plc, all 'dealings' in any 'relevant securities' of that company(including by means of an option in respect of, or a derivative referenced to,any such 'relevant securities') must be publicly disclosed by no later than 3.30pm (London time) on the London business day following the date of the relevanttransaction. This requirement will continue until the date on which any offerbecomes, or is declared, unconditional as to acceptances, lapses or is otherwisewithdrawn or on which the 'offer period' otherwise ends. If two or more personsact together pursuant to an agreement or understanding, whether formal orinformal, to acquire an 'interest' in 'relevant securities' of BAE Systems plcor of Babcock International Group plc, they will be deemed to be a single personfor the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the City Code, all 'dealings' in 'relevantsecurities' of BAE Systems plc or of Babcock International Group plc by BAESystems plc or Babcock International Group plc, or by any of their respective'associates', must be disclosed by no later than 12.00 noon (London time) on theLondon business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose 'relevantsecurities' 'dealings' should be disclosed, and the number of such securities inissue, can be found on the Takeover Panel's website atwww.thetakeoverpanel.org.uk. 'Interests in securities' arise, in summary, when a person has long economicexposure, whether conditional or absolute, to changes in the price ofsecurities. In particular, a person will be treated as having an 'interest' byvirtue of the ownership or control of securities, or by virtue of any option inrespect of, or derivative referenced to, securities. Terms in quotation marks are defined in the City Code, which can also be foundon the Panel's website. If you are in any doubt as to whether or not you arerequired to disclose a 'dealing' under Rule 8, you should consult the Panel. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BAE SystemsBabcock