Transaction in Own Shares

RNS Number : 5638H
Balfour Beatty PLC
25 November 2022
 

TRANSACTION IN OWN SHARES

Friday 25th November 2022

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 11 March 2022 (the "Share Buyback"), the Group purchased the following number of its ordinary shares of 50 pence each through Merrill Lynch International.

 

Date of purchase:

24 November 2022

Aggregate number of ordinary shares of 50 pence each purchased:

148,858

Highest price paid per share (GBp):

325.6000

Lowest price paid per share (GBp):

320.8000

Volume weighted average price paid per share (GBp):

322.2708

 

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 591,459,776 (excluding treasury shares).

 

The Group has to date, under the Share Buyback, repurchased 47,945,493 ordinary shares at a volume weighted average price of 284.8204 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. Accordingly, the total number of voting rights in the Company is 591,459,776. This figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Balfour Beatty plc under the FCA's Disclosure and Transparency Rules.

 

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 Merrill Lynch International as part of the Share Buyback.

 

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

 

Venue

Weighted average price paid per share (GBp)

Aggregate number of shares purchased

Lowest price paid per share (GBp)

Highest price paid per share (GBp)

London Stock Exchange

321.8869

117,451

320.80

325.40

Turquoise

323.2347

3,237

321.20

325.20

Chi-X (CXE)

323.6337

18,649

321.20

325.60

BATS (BXE)

324.0096

9,521

321.20

325.60

 

 

Investor and analyst enquiries:

Jim Ryan

Tel. +44 (0) 7858 368527

jim.ryan@balfourbeatty.com

Media enquiries: 

Antonia Walton
Tel. +44 (0) 7966 929 633
antonia.walton@balfourbeatty.com

 

Notes to editors:

· Balfour Beatty is a leading international infrastructure group with 24,500 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 113 years we have created iconic buildings and infrastructure all over the world including: the £1.5 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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