TIDMBBY

RNS Number : 6606V

Balfour Beatty PLC

16 April 2021

TRANSACTION IN OWN SHARES

16 April 2021

Balfour Beatty plc (the "Group" or "Balfour Beatty"), the international infrastructure group, announces that, in accordance with the terms of its share buyback programme announced on 5 January 2021 (the "Share Buyback"), the Group purchased the following number of its ordinary shares of 50 pence each through BofA Securities.

 
 Date of purchase:                               15 April 2021 
 Aggregate number of ordinary shares of 50 
  pence each purchased:                          444,847 
 Highest price paid per share (GBp):             312.2000 
 Lowest price paid per share (GBp):              308.2000 
 Volume weighted average price paid per share 
  (GBp):                                         310.3021

The Group will hold the repurchased shares in treasury. Following the purchase of these shares, the remaining number of ordinary shares in issue will be 673,493,290 (excluding treasury shares).

The Group has to date, under the Share Buyback, repurchased 16,246,329 ordinary shares at a volume weighted average price of 287.7175 pence, which are to be held in treasury with no voting rights attached. The shares repurchased under the Share Buyback are the only shares held in treasury by the Group.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table available on the Company's website here contains detailed and aggregated information of the individual trades made by BofA Securities as part of the Share Buyback.

Aggregated information of ordinary shares purchased according to each trading venue:

 
                             Weighted                          Lowest price   Highest price 
                           average price       Aggregate         paid per        paid per 
                             paid per          number of           share          share 
         Venue              share (GBp)     shares purchased       (GBp)          (GBp) 
 London Stock Exchange    310.3488         278,511             308.4000       312.2000 
                         ---------------  ------------------  -------------  -------------- 
 Turquoise                310.2610         20,323              308.2000       311.8000 
                         ---------------  ------------------  -------------  -------------- 
 Chi-X (CXE)              310.0165         28,614              308.2000       311.8000 
                         ---------------  ------------------  -------------  -------------- 
 BATS (BXE)               310.2682         117,399             308.2000       312.0000 
                         ---------------  ------------------  -------------  --------------

Analyst/investor enquiries:

Angus Barry

Tel. +44 (0)20 7216 6824

angus.barry@balfourbeatty.com

Media enquiries:

Antonia Walton

Tel. +44 (0) 203 810 2345

antonia.walton@balfourbeatty.com

Notes to editors:

-- Balfour Beatty is a leading international infrastructure group with 26,000 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow.

-- We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.

-- Over the last 112 years we have created iconic buildings and infrastructure all over the world including: the GBP1.5 billion A14 improvement scheme - Britain's biggest road project; Hong Kong's HK$5.5 billion world-class harbour theatre project for the West Kowloon Cultural District Authority; and the 12.5 mile $429 million North Metro Commuter Rail line in Colorado, US.

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END

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April 16, 2021 02:15 ET (06:15 GMT)

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