Balfour Beatty PLC Director/PDMR Shareholding (2033I)
March 31 2020 - 4:30AM
UK Regulatory
TIDMBBY
RNS Number : 2033I
Balfour Beatty PLC
31 March 2020
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") AND PERSONS
CLOSELY ASSOCIATED WITH THEM
Balfour Beatty plc (the "Company") announces that, on 31 March
2020, the following PDMRs received, for nil consideration, the
number of Ordinary Shares of 50p each in the Company ("Ordinary
Shares") shown below, following the vesting of conditional awards
made pursuant to the rules of the Company's Deferred Bonus Plan on
31 March 2017 (the "Existing Awards"). Further to the Existing
Awards, dividend equivalents have been awarded over the lifetime of
the Existing Awards in the form of further conditional awards over
Ordinary Shares (the "Further Awards"). The total vesting amounts
consist of the Existing Awards and the Further Awards.
Name of Director Number of Type of Award Number of Number of
/ PDMR Shares Received Shares sold Shares retained
(to cover
tax liabilities
and expenses)
Conditional
Leo Quinn 89,729 Award 42,236 47,493
---------------- -------------- ---------------- -----------------
Conditional
Philip Harrison 44,464 Award 20,930 23,534
---------------- -------------- ---------------- -----------------
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:
Ms Alia Fazal, Deputy Company Secretary, 020 7216 6800
a) Name Leo Quinn
============================================================
2 Reason for the notification
a) Position/status Director / PDMR - Chief Executive Officer
============================================================
b) Initial notification /Amendment Initial Notification
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 the financial instrument, type of instrument Ordinary Shares of 50p each
Identification code GB0000961622
============================================================
b) Nature of the transaction Vesting of conditional award over Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
GBPNil 89,729
----------
============================================================
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 31 March 2020
============================================================
f) Place of the transaction Outside a trading venue
=== ============================================================ ==================================================
a) Name Leo Quinn
========================================================
2 Reason for the notification
a) Position/status Director / PDMR - Chief Executive Officer
========================================================
b) Initial notification /Amendment Initial Notification
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 the financial instrument, type of Ordinary Shares of 50p each
instrument GB0000961622
Identification code
========================================================
b) Nature of the transaction Sale of sufficient Ordinary Shares to cover tax
liabilities arising from vesting
c) Price(s) and volume(s) Price(s) Volume(s)
GBPNil 42,236
----------
========================================================
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 31 March 2020
========================================================
f) Place of the transaction London Stock Exchange (XLON)
=== ======================================================== =======================================================
a) Name Philip Harrison
============================================================
2 Reason for the notification
a) Position/status Director / PDMR - Chief Financial Officer
============================================================
b) Initial notification /Amendment Initial Notification
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 the financial instrument, type of instrument Ordinary Shares of 50p each
Identification code GB0000961622
============================================================
b) Nature of the transaction Vesting of conditional award over Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
GBPNil 44,464
----------
============================================================
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 31 March 2020
============================================================
f) Place of the transaction Outside a trading venue
=== ============================================================ ==================================================
a) Name Philip Harrison
========================================================
2 Reason for the notification
a) Position/status Director / PDMR - Chief Financial Officer
========================================================
b) Initial notification /Amendment Initial Notification
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 the financial instrument, type of Ordinary Shares of 50p each
instrument GB0000961622
Identification code
========================================================
b) Nature of the transaction Sale of sufficient Ordinary Shares to cover tax
liabilities arising from vesting
c) Price(s) and volume(s) Price(s) Volume(s)
GBPNil 20,930
----------
========================================================
d) Aggregated information n/a
- Aggregated volume
- Price
e) Date of the transaction 31 March 2020
========================================================
f) Place of the transaction London Stock Exchange (XLON)
=== ======================================================== =======================================================
Balfour Beatty plc's Legal Entity Identifier is
CT4UIJ3TUKGYYHMENQ17.
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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