Director/PDMR Shareholding

RNS Number : 3248T
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 conditional share awards ("Awards") pursuant to the rules of the Company's Performance Share Plan, the following Persons 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 respective income tax and national insurance obligations in respect of these Awards as set out below against their names:

 

Directors  (Name: Number of Ordinary Shares sold)

 

Mr L M Quinn

336,646                



Mr P J Harrison

121,869

 

 

Mr Quinn and Mr Harrison sold their Ordinary Shares on 29 June 2018 at a price of 281.081p per Ordinary Share. 

 

Both Mr Quinn and Mr Harrison elected to hold all remaining Ordinary Shares received under these Awards. 

 

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

Sale of shares (solely to meet income tax and national insurance obligations) following the release on 26 June 2018 of a conditional share award made on 26 June 2015 pursuant to the rules of the Company's Performance Share Plan.

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£2.81081

336,646

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

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) following the release on 26 June 2018 of a conditional share award made on 26 June 2015 pursuant to the rules of the Company's Performance Share Plan.

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£2.81081

121,869

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


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