Director/PDMR Shareholding

RNS Number : 6196I

Balfour Beatty PLC

15 March 2010

 



Notification of Transactions of Persons Discharging Managerial Responsibility or Connected Persons

On 15 March 2010 Balfour Beatty plc (the "Company") was notified that on 11 March 2010 Mr A J McNaughton, a Director of the Company, exercised options held over the Company's Ordinary Shares of 50p each ("Ordinary Shares") under the terms of the Balfour Beatty Executive Share Option Scheme 1991 as follows:

Date of Grant	No of Options over Ordinary Shares	Option Exercise Price
7 June 2001	11,482	174.1p
17 April 2002	22,964	207.2p
16 April 2003	17,223	150.6p
19 April 2004	17,223	227.3p
	68,892

Of the 68,892 Ordinary Shares (0.01% of the issued class) that were acquired, 54,245 Ordinary Shares (0.008% of the issued class) were sold at a price of 282.32p per Ordinary Share on 12 March 2010 in order to cover tax charges arising from the exercise of the options and 14,647 Ordinary Shares (0.002% of the issued class) have been retained.

As a consequence of these transactions, Mr McNaughton now holds 59,962 Ordinary Shares in Balfour Beatty plc, comprising 0.009% of the Company's issued Ordinary Shares.  He holds no options over the Company's Ordinary Shares.

All of the transactions took place in London, and this notification relates to transactions notified in accordance with DTR 3.1.2R.

Mr C M Pryce,

Assistant Secretary, 020 7216 6800

15 March 2010

 

END

 

 

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