Director/PDMR Shareholding

RNS Number : 0430W

Balfour Beatty PLC

13 August 2015

 



Notification of Transactions of Persons Discharging Managerial Responsibilities or Connected Persons

Balfour Beatty plc (the "Company") was informed on 12 August 2015 by The Trustee of the Balfour Beatty Employee Share Ownership Trust (the "Trust") that the following Person Discharging Managerial Responsibilities 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 12 August 2015 of a conditional share award made on 2 January 2015 pursuant to a one-off award agreement:

Director (Name: Number of Ordinary Shares released)

Mr L M Quinn                267,365

As previously announced on 5 January 2015, the award was made as compensation for an award that was forfeited by Mr Quinn on leaving his previous employer and vesting was subject to Earnings Per Share and Total Shareholder Return performance conditions as per the award that was forfeited. Further details of the performance targets will be provided in next year's Directors' Remuneration Report.

Mr Quinn subsequently sold 125,914 Ordinary Shares at a price of 263.75p per Ordinary Share on 12 August 2015 solely to meet income tax and National Insurance obligations in respect of the award.

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 A R Astin, Secretary, 020 7216 6800

 

END

 

 

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