Director/PDMR Shareholding

RNS Number : 8262G
Balfour Beatty PLC
31 March 2022
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs')

 

Vesting of conditional awards in accordance with the rules of the Balfour Beatty Performance Share Plan 2011 ('PSP')

 

Balfour Beatty plc (the "Company") announces that, on 28 March 2022, the conditional awards made pursuant to the rules of the PSP granted on 28 March 2019 (the "ExistingAwards") vested. Further to the Existing Awards, dividend equivalents were awarded on the date of vesting of the Existing Awards in the form of further conditional awards over Ordinary Shares of 50p (the "Further Awards"). The total number of Ordinary Shares received by each PDMR, as set out in the table below, consists of both Existing Awards and the Further Awards.

 

Name of Director / PDMR

Total number of Ordinary Shares Received

Type of Award

Number of Ordinary Shares sold (to cover tax liabilities and expenses)

Number of Ordinary Shares retained

Leo Quinn

386,150

Conditional award

181,764

204,386

Philip Harrison

168,939

Conditional award

79,521

89,418

 

 

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

 

Vesting of conditional awards in accordance with the rules of the Performance Share Plan

 

 

 

a)

Name

Leo Quinn

2

Reason for the notification

a)

Position/status

Director / PDMR - Chief Executive 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

Vesting of conditional award over Ordinary Shares

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£Nil

386,150

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

 28 March 2022

f)

Place of the transaction

Outside a trading venue

 

 

 

a)

Name

Leo Quinn

2

Reason for the notification

a)

Position/status

Director / PDMR - Chief Executive 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 sufficient Ordinary Shares to cover tax liabilities arising from vesting

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

2.632119

181,764

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

29 March 2022

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

a)

Name

Philip Harrison

2

Reason for the notification

a)

Position/status

Director / PDMR - 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

Vesting of conditional award over Ordinary Shares

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

 Nil

168,939

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

28 March 2022

f)

Place of the transaction

Outside a trading venue

 

 

 

a)

Name

Philip Harrison

2

Reason for the notification

a)

Position/status

Director / PDMR - 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 sufficient Ordinary Shares to cover tax liabilities arising from vesting

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

2.632119

79,521

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

29 March 2022

f)

Place of the transaction

London Stock Exchange (XLON)

 

Balfour Beatty plc's Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.

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