Director/PDMR Shareholding

RNS Number : 2132F

Balfour Beatty PLC

19 April 2011

 



Notification of Transactions of Persons Discharging Managerial Responsibilities or Connected Persons

Balfour Beatty plc (the "Company") was informed on 18 April 2011 by The Trustee of the Balfour Beatty Employee Share Ownership Trust (the "Trust") that each of the following Persons Discharging Managerial Responsibilities ("PDMRs") acquired, for nil consideration, the number of Ordinary Shares of 50p each ("Ordinary Shares") in the Company shown below against his name following the release on 15 April 2011 of awards made in 2008 under the rules of the Company's long-term incentive plan, The Balfour Beatty Performance Share Plan 2006:

Directors (Name: Number of Ordinary Shares released)

Mr D J Magrath:             22,450

Mr A J McNaughton:      18,816

Mr A L P Rabin:             25,092

Mr I P Tyler:                  45,960

Mr P J L Zinkin:             25,092

Other PDMRs (Name: Number of Ordinary Shares released)

Mr K D Craven               11,355

Mr M Leger:                   18,816

Mr B Osborne:               18,816

Mr M J Peasland:           18,816

Each of the following PDMRs subsequently sold the number of Ordinary Shares shown below against his name at a price of 330p per Ordinary Share on 15 April 2011 including to meet income tax and National Insurance obligations:

Directors (Name: Number of Ordinary Shares sold)

Mr D J Magrath:             11,674

Mr A J McNaughton:      14,300

Mr A L P Rabin:             25,092

Mr I P Tyler:                  23,900

Mr P J L Zinkin:             24,048

Other PDMRs (Name: Number of Ordinary Shares sold)

Mr K D Craven                 5,905

Mr M Leger:                     8,468

Mr B Osborne:               18,816

Mr M J Peasland:           18,816

As a consequence of the above-mentioned transactions the total number of Ordinary Shares held by each of the Directors and other PDMRs and any connected persons within the meaning of Section 252 of the Companies Act 2006, is as follows:

Directors (Name: Number of Ordinary Shares; percentage of issued Ordinary Share capital)

Mr D J Magrath:             102,579;                        0.015%

Mr A J McNaughton:      100,601;                        0.015%

Mr A L P Rabin:             258,651;                        0.038%

Mr I P Tyler:                  376,156;                        0.055%

Mr P J L Zinkin:             300,928;                        0.044%

Other PDMRs (Name: Number of Ordinary Shares; percentage of issued Ordinary Share capital)

Mr K D Craven                 25,479;                       0.004%

Mr M Leger:                   138,065;                       0.020%

Mr B Osborne:                 91,354;                       0.013%

Mr M J Peasland:           102,354;                       0.015%

Each of these transactions took place in Jersey, Channel Islands.

This notification is made under DTR Rule 3.1.4.

Contact and telephone number for queries/

Duly authorised officer of issuer responsible for making notification:

Mr M D Peters, Head of Secretariat, 020 7216 6800

 

END

 

 

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