Director/PDMR Shareholding

RNS Number : 3669E

Balfour Beatty PLC

05 April 2011

 



Notification of Transactions of Persons Discharging Managerial Responsibilities or Connected Persons

Balfour Beatty plc (the "Company") was informed on 4 April 2011 by The Trustee of the Balfour Beatty Employee Share Ownership Trust (the "Trust") that each of the following Persons Discharging Managerial Responsibilities ("PDMRs") acquired, for nil consideration, the number of Ordinary Shares of 50p each ("Ordinary Shares") in the Company shown below against his name following the release on 31 March 2011 of awards made in 2008 under the Company's Deferred Bonus Scheme 2005:

Directors (Name: Number of Ordinary Shares released)

Mr D J Magrath:             15,398

Mr A J McNaughton:      19,723

Mr A L P Rabin:             27,604

Mr I P Tyler:                  42,135

Mr P J L Zinkin:             27,604

Other PDMRs (Name: Number of Ordinary Shares released)

Mr K D Craven                 9,856

Mr M Leger:                   20,702

Mr B Osborne:               20,702

Mr M J Peasland:           20,702

Each of the following PDMRs subsequently sold the number of Ordinary Shares shown below against his name at a price of 343.4167p per Ordinary Share on 31 March 2011 including to meet income tax and National Insurance obligations:

Directors (Name: Number of Ordinary Shares sold)

Mr D J Magrath:               7,853

Mr A J McNaughton:      14,891

Mr A L P Rabin:             27,604

Mr I P Tyler:                  42,135

Mr P J L Zinkin:             14,079

Other PDMRs (Name: Number of Ordinary Shares sold)

Mr K D Craven                 5,027

Mr M Leger:                   10,559

Mr B Osborne:               10,559

Mr M J Peasland:           20,702

As a consequence of the above-mentioned transactions the total number of Ordinary Shares held by each of the Directors and other PDMRs and any connected persons within the meaning of Section 252 of the Companies Act 2006, is as follows:

Directors (Name: Number of Ordinary Shares; percentage of issued Ordinary Share capital)

Mr D J Magrath:               91,803;                       0.013%

Mr A J McNaughton:        96,085;                       0.014%
Mr A L P Rabin:             258,651;                        0.038%

Mr I P Tyler:                  354,096;                        0.052%

Mr P J L Zinkin:             299,884;                        0.044%

Other PDMRs (Name: Number of Ordinary Shares; percentage of issued Ordinary Share capital)

Mr K D Craven                 20,029;                       0.003%

Mr M Leger:                   127,717;                        0.019%

Mr B Osborne:                 91,354;                       0.013%

Mr M J Peasland:           117,574;                        0.017%

On 4 April 2011, the Trust informed the Company that, on 31 March 2011, each of the following PDMRs was the subject of an award of Ordinary Shares by the Trust, pursuant to the rules of the Company's Deferred Bonus Plan 2005.  The Ordinary Shares were awarded at a price of 343.4167p each.

Directors (Name: Number of Ordinary Shares awarded)

Mr D J Magrath:             20,814

Mr A J McNaughton:      22,166

Mr A L P Rabin:             23,626

Mr I P Tyler:                  35,033

Mr P J L Zinkin:             22,544

Other PDMRs (Name: Number of Ordinary Shares awarded)

Mr K D Craven               11,332

Mr M Leger:                   16,976

Mr B Osborne:               16,976

Mr M J Peasland            18,111

Each of these transactions took place in Jersey, Channel Islands.

This notification is made under DTR Rule 3.1.4.

Contact and telephone number for queries/

Duly authorised officer of issuer responsible for making notification:

Mr M D Peters, Head of Secretariat, 020 7216 6800

 

END

 

 

RDSLLFLRSIIEIIL