Director/PDMR Shareholding

RNS Number : 3781U

Balfour Beatty PLC

01 April 2021

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs')

Vesting of conditional awards in accordance with the rules of the Balfour Beatty Performance Share Plan 2011 ('PSP')

Balfour Beatty plc (the "Company") announces that, on 29 March 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 PSP  granted on 27 March 2018 (the "ExistingAwards"). Further to the Existing Awards, dividend equivalents were awarded on the date of vesting of the Existing Awards in the form of further conditional awards over Ordinary Shares (the "Further Awards"). The total number of Ordinary Shares received by each PDMR consists of both Existing Awards and the Further Awards.

Name of Director / PDMR Total number of Ordinary Shares Received Type of Award Number of Ordinary Shares sold (to cover tax liabilities and expenses) Number of Ordinary Shares retained Leo Quinn 204,743 Conditional award 96,374 108,369 Philip Harrison 89,574 Conditional award 42,164 47,410

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

Vesting of conditional awards in accordance with the rules of the Performance Share Plan

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 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 204,743
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	29 March 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 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) £2.998434 96,374
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	29 March 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 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 89,574
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	29 March 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 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) £2.998434 42,164
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	29 March 2021
f)	Place of the transaction	London Stock Exchange (XLON)

Balfour Beatty plc's Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.

 

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