Director/PDMR Shareholding

RNS Number : 3245T

Balfour Beatty PLC

02 July 2018

 

Notification of Transactions of Persons Discharging Managerial Responsibilities or Connected Persons

Following the release on 26 June 2018 of a share award ("Award") pursuant to the rules of the Company's Deferred Bonus Plan, the following Person Discharging Managerial Responsibilities elected to sell the minimum number of Ordinary Shares of 50p each in the Company ("Ordinary Shares") in order to meet their income tax and national insurance obligations in respect of this Award as set out below:

Directors  (Name: Number of Ordinary Shares sold)
Mr L M Quinn	93,042

Mr Quinn sold the number of Ordinary Shares as set out above on 29 June 2018 at a price of 281.081p per Ordinary Share. 

Mr Quinn elected to hold all remaining Ordinary Shares received under this Award. 

The 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	Sale of shares (solely to meet Income Tax and National Insurance obligations in respect of an award of shares pursuant to the rules of the Company's Deferred Bonus Plan).
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.81081 93,042
d)	Aggregated information - Aggregated volume - Price	n/a -  single transaction as set out at 4 c)
e)	Date of the transaction	2018-06-29
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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