Director/PDMR Shareholding

Balfour Beatty PLC
03 April 2024
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

Balfour Beatty plc (the "Company") announces that the conditional awards made pursuant to the rules of the Company's Deferred Bonus Plan (the "Existing Awards") on 31 March 2021 vested on 31 March 2024. Further to the Existing Awards, dividend equivalents have been awarded over the lifetime of the Existing Awards in the form of further conditional awards over Ordinary Shares (the "Further Awards"). The total vesting amounts set out below consist of the Existing Awards and the Further Awards.

 

Name of Director / PDMR

Number of Shares Received (total of Existing Awards and Further Awards)

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

Number of Shares retained

Leo Quinn

128,266

57,807

70,459

Philip Harrison

65,617

30,887

34,730

 

 

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

 

Contact and telephone number for queries / Duly authorised officer of issuer responsible for making notification:

 

Tracey Wood, Group General Counsel and Company Secretary, 020 7216 6800

 



a)

Name

Leo Quinn

2

Reason for the notification

a)

Position/status

Director / PDMR - Group 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

Vesting of conditional award over Ordinary Shares

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£Nil

128,266

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

31 March 2024

f)

Place of the transaction

Outside a trading venue

 



a)

Name

Leo Quinn

2

Reason for the notification

a)

Position/status

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

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£3.8154

57,807

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

2 April 2024

f)

Place of the transaction

London Stock Exchange

 



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

65,617

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

31 March 2024

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)

£3.8154

30,887

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

2 April 2024

f)

Place of the transaction

London Stock Exchange

 

Balfour Beatty plc's Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings