Balfour Beatty PLC Director/PDMR Shareholding (9606S)
June 28 2018 - 10:20AM
UK Regulatory
TIDMBBY
RNS Number : 9606S
Balfour Beatty PLC
28 June 2018
Notification of Transactions of Persons Discharging Managerial
Responsibilities or Connected Persons
Balfour Beatty plc (the "Company") was informed on 26 June 2018
by The Trustee of the Balfour Beatty Employee Share Ownership Trust
(the "Trust") that the following Persons Discharging Managerial
Responsibilities acquired, for nil consideration, the number of
Ordinary Shares of 50p each ("Ordinary Shares") in the Company
shown below against their names following the release on 26 June
2018 of conditional share awards ("Awards") made on 26 June 2015,
pursuant to the rules of the Company's Performance Share Plan:
Directors (Name: Number of Ordinary Shares released)
Mr L M Quinn 715,192
Mr P J Harrison 258,905
Vesting of both awards was subject to performance targets that
were fully disclosed in the Company's 2015 Directors' Remuneration
Report, and which were tested in March 2018. Both Mr Quinn and Mr
Harrison elected to sell the minimum number of Ordinary Shares in
order to meet their respective income tax and national insurance
obligations in respect of these Awards and to hold all remaining
Ordinary Shares received under these Awards. Details of the number
of Ordinary Shares sold and the price at which they were sold will
be announced following completion of the sale of Ordinary
Shares.
Each acquisition of Ordinary Shares took place in Jersey,
Channel Islands.
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the EU Market
Abuse Regulation.
Contact and telephone number for queries/
Duly authorised officer of issuer responsible for making
notification:
Mr D R Mercer, Company Secretary, 020 7216 6800
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
a) Name Leo Martin Quinn
=========================
2 Reason for the notification
a) Position/status Chief Executive
=========================
b) Initial notification Initial Notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Balfour Beatty plc
b) LEI CT4UIJ3TUKGYYHMENQ17
=========================
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
a) Description of Ordinary Shares of 50p each
the financial
instrument, type GB0000961622
of instrument
Identification
code
=========================
b) Nature of the Acquisition of shares for nil consideration
transaction following the release on 26 June 2018 of
a conditional share award made on 26 June
2015 pursuant to the rules of the Company's
Performance Share Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBPNil 715,192
----------
=========================
d) Aggregated information n/a - single transaction as set out at 4
- Aggregated volume c)
- Price
e) Date of the transaction 2018-06-26
=========================
f) Place of the transaction Jersey, Channel Islands
=== ========================= =============================================
Contact and telephone number for queries/
Duly authorised officer of issuer responsible for making
notification:
Mr D R Mercer, Company Secretary, 020 7216 6800
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
a) Name Philip James Harrison
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification Initial Notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Balfour Beatty plc
b) LEI CT4UIJ3TUKGYYHMENQ17
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
a) Description of Ordinary Shares of 50p each
the financial
instrument, type GB0000961622
of instrument
Identification
code
b) Nature of the Acquisition of shares for nil consideration
transaction following the release on 26 June 2018 of
a conditional share award made on 26 June
2015 pursuant to the rules of the Company's
Performance Share Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBPNil 258,905
----------
d) Aggregated information n/a - single transaction as set out at
- Aggregated volume 4 c)
- Price
e) Date of the transaction 2018-06-26
f) Place of the transaction Jersey, Channel Islands
=== ========================= =============================================
Contact and telephone number for queries/
Duly authorised officer of issuer responsible for making
notification:
Mr D R Mercer, Company Secretary, 020 7216 6800
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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