Transaction in Own Shares

RNS Number : 2454E

Balfour Beatty PLC

27 October 2022

 

TRANSACTION IN OWN SHARES

Thursday 27^th October 2022

Balfour Beatty plc (the "Group" or "Balfour Beatty"), the international infrastructure group, announces that, in accordance with the terms of its share buyback programme announced on 11 March 2022 (the "Share Buyback"), the Group purchased the following number of its ordinary shares of 50 pence each through Merrill Lynch International.

Date of purchase:	26 October 2022
Aggregate number of ordinary shares of 50 pence each purchased:	282,056
Highest price paid per share (GBp):	300.4000
Lowest price paid per share (GBp):	293.8000
Volume weighted average price paid per share (GBp):	298.3429

The Group will hold the repurchased shares in treasury. Following the purchase of these shares, the remaining number of ordinary shares in issue will be 596,247,911 (excluding treasury shares).

The Group has to date, under the Share Buyback, repurchased 43,157,358 ordinary shares at a volume weighted average price of 282.6619 pence, which are to be held in treasury with no voting rights attached. The shares repurchased under the Share Buyback are the only shares held in Treasury by the Group. Accordingly, the total number of voting rights in the Company is 596,247,911. This figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Balfour Beatty plc under the FCA's Disclosure and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table available on the Company's website here contains detailed and aggregated information of the individual trades made by Merrill Lynch International as part of the Share Buyback.

Aggregated information of ordinary shares purchased according to each trading venue:

Venue	Weighted average price paid per share (GBp)	Aggregate number of shares purchased	Lowest price paid per share (GBp)	Highest price paid per share (GBp)
London Stock Exchange	298.3192	175,000	294.40	300.40
Turquoise	298.5606	15,020	295.40	300.20
Chi-X (CXE)	298.3684	54,619	293.80	300.20
BATS (BXE)	298.3292	37,417	294.60	300.20

Investor and analyst enquiries:

Jim Ryan

Tel. [phone]

[e-mail]

Media enquiries: 

Antonia Walton
Tel. [phone]
[e-mail]

Notes to editors:

· Balfour Beatty is a leading international infrastructure group with 24,500 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow. 

· We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.

· Over the last 113 years we have created iconic buildings and infrastructure all over the world including: the £1.5 billion A14 improvement scheme - Britain's biggest road project; Hong Kong's HK$5.5 billion world-class harbour theatre project for the West Kowloon Cultural District Authority; and the 12.5 mile $429 million North Metro Commuter Rail line in Colorado, US.

 

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