BAE Systems Buys Back 0.54M Own Shares

16th Jul 2010 18:25

LONDON (Dow Jones)--BAE Systems PLC (BA.LN), said Friday that it has purchased 536,209 ordinary shares of 2.5 pence each, and said it intends to hold the purchased shares in treasury. MAIN FACTS: -Highest price paid per share 323.3 pence -Lowest price paid per share 317.7 pence -Following the purchase of these shares, BAE holds 179,883,505 of its ordinary shares in treasury and has 3,407,116,379 ordinary shares in issue. -The company has now returned GBP500 million to shareholders by way of market purchases of ordinary shares, concluding the buyback program announced on Feb. 18. -Shares closed Thursday at 318.60 pence valuing the company at GBP10.86 billion. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires July 16, 2010 13:25 ET (17:25 GMT)