Director/PDMR Shareholding

RNS Number : 8115Z

Balfour Beatty PLC

17 March 2017

 

Notification of Transactions of Persons Discharging Managerial Responsibilities or Connected Persons

Balfour Beatty plc (the "Company") was informed on 16 March 2017 by The Trustee of the Balfour Beatty Employee Share Ownership Trust (the "Trust") that the following Persons Discharging Managerial Responsibilities acquired, for nil consideration, the number of Ordinary Shares of 50p each ("Ordinary Shares") in the Company shown below against their names following the release on 16 March 2017 of conditional share awards made on 2 January 2015 and 11 June 2015, respectively, pursuant to one-off award agreements as part of their recruitment arrangements:

Directors  (Name: Number of Ordinary Shares released)
Mr L M Quinn	423,704
Mr P J Harrison	21,529

As previously announced on 5 January 2015, the award to Mr Quinn was made as compensation for an award that he forfeited on leaving his previous employer.  The award to Mr Harrison was, as previously announced on 15 June 2015, made as compensation for an award that he forfeited on leaving his previous employer.

Vesting of both awards was subject to share price targets that were fully disclosed in the Company's 2015 Directors' Remuneration Report, and which were tested at the end of 2016.  Full details of the performance targets relating to both awards will be provided in the Company's 2016 Directors' Remuneration Report.

Mr Quinn subsequently sold 211,852 Ordinary Shares at a price of 276.58p per Ordinary Share on 16 March 2017 solely to meet Income Tax and National Insurance obligations in respect of the award.

Mr Harrison subsequently sold 10,134 Ordinary Shares at a price of 276.58p per Ordinary Share on 16 March 2017 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.

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

Contact and telephone number for queries/

Duly authorised officer of issuer responsible for making notification:

Mr D R Mercer, Company Secretary, 020 7216 6800

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

a)	Name	Leo Martin Quinn
2	Reason for the notification
a)	Position/status	Chief Executive
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	Acquisition of shares for nil consideration following the release on 16 March 2017 of a conditional share award made on 2 January 2015.
c)	Price(s) and volume(s)	Price(s) Volume(s) £Nil 423,704
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 (d) above
e)	Date of the transaction	2017-03-16
f)	Place of the transaction	Jersey, Channel Islands

Contact and telephone number for queries/

Duly authorised officer of issuer responsible for making notification:

Mr D R Mercer, Company Secretary, 020 7216 6800

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

a)	Name	Leo Martin Quinn
2	Reason for the notification
a)	Position/status	Chief Executive
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 shares (solely to meet Income Tax and National Insurance obligations in respect of an award of shares)
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.7658 211,852
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 (d) above
e)	Date of the transaction	2017-03-16
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

Contact and telephone number for queries/

Duly authorised officer of issuer responsible for making notification:

Mr D R Mercer, Company Secretary, 020 7216 6800

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

a)	Name	Philip James Harrison
2	Reason for the notification
a)	Position/status	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	Acquisition of shares for nil consideration following the release on 16 March 2017 of a conditional share award made on 11 June 2015.
c)	Price(s) and volume(s)	Price(s) Volume(s) £Nil 21,529
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 (d) above
e)	Date of the transaction	2017-03-16
f)	Place of the transaction	Jersey, Channel Islands

Contact and telephone number for queries/

Duly authorised officer of issuer responsible for making notification:

Mr D R Mercer, Company Secretary, 020 7216 6800

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

a)	Name	Philip James Harrison
2	Reason for the notification
a)	Position/status	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 shares (solely to meet Income Tax and National Insurance obligations in respect of an award of shares)
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.7658 10,134
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 (d) above
e)	Date of the transaction	2017-03-16
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

Contact and telephone number for queries/

Duly authorised officer of issuer responsible for making notification:

Mr D R Mercer, Company Secretary, 020 7216 6800

 

END

 

 

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