Director/PDMR Shareholding

RNS Number : 6801J

Balfour Beatty PLC

01 April 2010

 



Notification of Transactions of Persons Discharging Management Responsibilities or Connected Persons

Balfour Beatty plc (the "Company") was informed on 31 March 2010 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 26 March 2010 of awards made in 2007 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:             27,310

Mr A J McNaughton:      42,677

Mr A L P Rabin:             57,172

Mr I P Tyler:                  99,919

Mr P J L Zinkin:             57,172

Other PDMRs (Name: Number of Ordinary Shares released)

Mr M Leger:                   42,677

Mr B Osborne:               42,677

Mr M J Peasland:           42,677

Mr A E Rose:                42,677

Each of the following PDMRs subsequently sold the number of Ordinary Shares shown below against his name at a price of 292.55p per Ordinary Share on 26 March 2010 including to meet income tax and National Insurance obligations.

Directors (Name: Number of Ordinary Shares sold)

Mr D J Magrath:             11,198

Mr A J McNaughton:      17,498

Mr A L P Rabin:             57,172

Mr I P Tyler:                  70,443

Mr P J L Zinkin:             40,307

Other PDMRs (Name: Number of Ordinary Shares sold)

Mr M Leger:                   17,498

Mr B Osborne:               42,677

Mr M J Peasland:           42,677

Mr A E Rose:                42,677

On 31 March 2010 the Trust informed the Company that on 30 March 2010, each of the following PDMRs acquired, for nil consideration, the number of Ordinary Shares in the Company shown below against his name following the release on 30 March 2010 of awards made in 2007 under the Company's Deferred Bonus Scheme 2005:

Directors (Name: Number of Ordinary Shares released)

Mr D J Magrath:               9,668

Mr A J McNaughton:      10,367

Mr A L P Rabin:             20,760

Mr I P Tyler:                  30,237

Mr P J L Zinkin:             20,759

Other PDMRs (Name: Number of Ordinary Shares released)

Mr M Leger:                   13,397

Mr B Osborne:               15,493

Mr M J Peasland:           15,493

Mr A E Rose:                15,493

Each of the following PDMRs subsequently sold the number of Ordinary Shares shown below against his name at a price of 296.2678p per Ordinary Share on 30 March 2010 including to meet income tax and National Insurance obligations.

Directors (Name: Number of Ordinary Shares sold)

Mr D J Magrath:               3,968

Mr A J McNaughton:        4,255

Mr A L P Rabin:             20,760

Mr I P Tyler:                  21,336

Mr P J L Zinkin:             14,649

Other PDMRs (Name: Number of Ordinary Shares sold)

Mr M Leger:                     5,498

Mr B Osborne:                 6,358

Mr M J Peasland:           15,493

Mr A E Rose:                15,493

On 31 March 2010, the Trust informed the Company that, on 31 March 2010, each of the following PDMRs was the subject of an award of Ordinary Shares by the Trust, pursuant to the rules of the Company's Deferred Bonus Plan 2005.  The Ordinary Shares were awarded at a price of 293.33p each.

Directors (Name: Number of Ordinary Shares awarded)

Mr D J Magrath:             19,759

Mr A J McNaughton:      21,131

Mr A L P Rabin:             23,326

Mr I P Tyler:                  34,578

Mr P J L Zinkin:             22,229

Other PDMRs (Name: Number of Ordinary Shares awarded)

Mr M Leger:                   16,740

Mr B Osborne:               16,740

Mr M J Peasland            16,740

Mr A E Rose                 16,740

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

On 31 March 2010, the Company was informed of the following transfers of Ordinary Shares:

Mr I P Tyler, (Director), 220,590 Ordinary Shares to his spouse, Mrs J L Tyler.

Mr D J Magrath, (Director), 29,899 Ordinary Shares to his spouse, Mrs N Magrath.

Mr A J McNaughton, (Director), 59,962 Ordinary Shares to his spouse, Mrs N McNaughton.

Each of these transactions took place in London.

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:               84,258;           0.012%

Mr A J McNaughton:        91,253;           0.013%

Mr A L P Rabin:             257,468;            0.038%

Mr I P Tyler:                  354,096;            0.052%

Mr P J L Zinkin:             285,571;            0.042%

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

Mr M Leger:                   117,574;            0.017%

Mr B Osborne:                 81,211;           0.012%

Mr M J Peasland:           102,354;            0.015%

Mr A E Rose:                315,696;            0.046%

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 6968

 

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