Transaction in Own Shares

Balfour Beatty PLC
15 June 2023
 

TRANSACTION IN OWN SHARES

Thursday 15th June 2023

 

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 3 January 2023, and increased on 20 March 2023 (the "Share Buyback"), the Group purchased the following number of its ordinary shares of 50 pence each through Merrill Lynch International.

Date of purchase:

14 June 2023

Aggregate number of ordinary shares of 50 pence each purchased:

70,700

Highest price paid per share (GBp):

361.0000

Lowest price paid per share (GBp):

357.0000

Volume weighted average price paid per share (GBp):

359.1069

 

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 564,382,664 (excluding treasury shares).

 

The Group has, under the Share Buyback, repurchased 23,051,743 ordinary shares at a volume weighted average price of 365.0270 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 564,382,664. 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

358.9571

45,600

357.00

360.80

Turquoise

359.0710

4,000

357.60

360.40

Chi-X (CXE)

359.1623

7,933

357.00

360.60

BATS (BXE)

359.6031

13,167

357.40

361.00

 

 

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 25,000 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 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.

Legal Entity Identifier: CT4UIJ3TUKGYYHMENQ17

 

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