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RNS Number : 9717U

Balfour Beatty PLC

09 April 2021

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 06 April 2021, 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 03 April 2018 (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          Number of          Number of 
    / PDMR              Shares Received    Shares sold        Shares retained 
                                           (to cover 
                                           tax liabilities 
                                           and expenses) 
   Leo Quinn           223,779            105,335            118,444 
                      -----------------  -----------------  ----------------- 
   Philip Harrison     110,736            52,125             58,611 
                      -----------------  -----------------  ----------------- 
 
 
 

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:

Tracey Wood, Group General Counsel and 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      223,779 
                                                                                              ---------- 
     ============================================================ 
 d)   Aggregated information                                             n/a 
       - Aggregated volume 
       - Price 
 e)   Date of the transaction                                       06 April 2021 
     ============================================================ 
 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) 
                                                                                 GBP3.019063     105,335 
                                                                                              ---------- 
     ======================================================== 
 d)   Aggregated information                                         n/a 
       - Aggregated volume 
       - Price 
 e)   Date of the transaction                                   06 April 2021 
     ======================================================== 
 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      110,736 
                                                                                              ---------- 
     ============================================================ 
 d)   Aggregated information                                             n/a 
       - Aggregated volume 
       - Price 
 e)   Date of the transaction                                       06 April 2021 
     ============================================================ 
 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) 
                                                                                 GBP3.019063     52,125 
                                                                                              ---------- 
     ======================================================== 
 d)   Aggregated information                                         n/a 
       - Aggregated volume 
       - Price 
 e)   Date of the transaction                                   06 April 2021 
     ======================================================== 
 f)   Place of the transaction                                  London Stock Exchange (XLON) 
===  ========================================================  ======================================================= 
 

Balfour Beatty plc's Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.

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April 09, 2021 05:00 ET (09:00 GMT)

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