Director/PDMR Shareholding

RNS Number : 8613H

Balfour Beatty PLC

15 March 2018

 

Notification of Transactions of Persons Discharging Managerial Responsibilities or Connected Persons

Balfour Beatty plc (the "Company") was informed on 14 March 2018 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 14 March 2018 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	492,589
Mr P J Harrison	25,071

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 2016 Directors' Remuneration Report, and which were tested at the end of 2017.  Full details of the performance targets relating to both awards will be provided in the Company's 2017 Directors' Remuneration Report.

Mr Quinn subsequently sold 231,865 Ordinary Shares at a price of 283.931p per Ordinary Share on 14 March 2018 solely to meet Income Tax and National Insurance obligations in respect of the award.

Mr Harrison subsequently sold 11,802 Ordinary Shares at a price of 283.931p per Ordinary Share on 14 March 2018 solely to meet Income Tax and National Insurance obligations in respect of the award.

Each acquisition of Ordinary Shares took place in Jersey, Channel Islands, and each sale of Ordinary Shares took place in London.

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 14 March 2018  of a conditional share award made on 2 January 2015.
c)	Price(s) and volume(s)	Price(s) Volume(s) £Nil 492,589
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 (d) above
e)	Date of the transaction	2018-03-14
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) £2.83931 231,865
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 (d) above
e)	Date of the transaction	2018-03-14
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 14 March 2018  of a conditional share award made on 11 June 2015.
c)	Price(s) and volume(s)	Price(s) Volume(s) £Nil 25,071
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 (d) above
e)	Date of the transaction	2018-03-14
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) £2.83931 11,802
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 (d) above
e)	Date of the transaction	2018-03-14
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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