Balfour Beatty PLC Director/PDMR Shareholding
March 21 2024 - 7:04AM
RNS Regulatory News
RNS Number : 8157H
Balfour Beatty PLC
21 March 2024
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 the conditional awards made pursuant
to the rules of the Company's Performance Share Plan (the
"Existing Awards") on 19 March 2021 vested on 19
March 2024. 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 set out below consist of the Existing Awards
and the Further Awards.
|
|
Name of
Director / PDMR
|
Number of
Shares Received (total of Existing Awards and
Further Awards)
|
Number of
Shares sold (to cover tax liabilities and
expenses)
|
Number of
Shares retained
|
|
Leo Quinn
|
586,262
|
275,958
|
310,304
|
|
Philip Harrison
|
278,931
|
131,295
|
147,636
|
|
|
|
|
The relevant notifications set out below are
provided in accordance with the requirements of Article 19 of the
UK 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 - Group Chief Executive
|
|
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
Identification code
|
Ordinary
Shares of 50p each
GB0000961622
|
|
b)
|
Nature of the transaction
|
Vesting of
conditional award over Ordinary Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£Nil
|
586,262
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
19 March
2024
|
|
f)
|
Place of the transaction
|
Outside a
trading venue
|
|
|
|
|
a)
|
Name
|
Leo
Quinn
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Director /
PDMR - Group Chief Executive
|
|
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
Identification code
|
Ordinary
Shares of 50p each
GB0000961622
|
|
b)
|
Nature of the transaction
|
Sale of
sufficient Ordinary Shares to cover tax liabilities and expenses
arising from vesting
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£3.722
|
275,958
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
20 March
2024
|
|
f)
|
Place of the transaction
|
London Stock
Exchange
|
|
|
|
|
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
Identification code
|
Ordinary
Shares of 50p each
GB0000961622
|
|
b)
|
Nature of the transaction
|
Vesting of
conditional award over Ordinary Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£Nil
|
278,931
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
19 March
2024
|
|
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 instrument
Identification code
|
Ordinary
Shares of 50p each
GB0000961622
|
|
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)
|
|
£3.722
|
131,295
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
20 March
2024
|
|
f)
|
Place of the transaction
|
London Stock
Exchange
|
Balfour Beatty plc's Legal Entity
Identifier is CT4UIJ3TUKGYYHMENQ17.
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END
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