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Balfour Beatty PLC - Director/PDMR Shareholding

RNS Number : 2033I
Balfour Beatty PLC
31 March 2020
 

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, on 31 March 2020, the following PDMRs received, for nil consideration, the number of Ordinary Shares of 50p each in the Company ("Ordinary Shares") shown below, following the vesting of conditional awards made pursuant to the rules of the Company's Deferred Bonus Plan on 31 March 2017 (the "Existing Awards"). 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 consist of the Existing Awards and the Further Awards.

 

Name of Director / PDMR

Number of Shares Received

Type of Award

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

Number of Shares retained

Leo Quinn

89,729

Conditional Award

42,236

47,493

Philip Harrison

44,464

Conditional Award

20,930

23,534

 

 

 

 

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

 

Contact and telephone number for queries /

Duly authorised officer of issuer responsible for making notification:

 

Ms Alia Fazal, Deputy Company Secretary, 020 7216 6800

 

 

 

a)

Name

Leo Quinn

2

Reason for the notification

a)

Position/status

Director / PDMR - Chief Executive 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

89,729

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

31 March 2020

f)

Place of the transaction

Outside a trading venue

 

 

 

a)

Name

Leo Quinn

2

Reason for the notification

a)

Position/status

Director / PDMR - Chief Executive 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)

£Nil

42,236

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

31 March 2020

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

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

44,464

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

31 March 2020

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)

£Nil

20,930

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

31 March 2020

f)

Place of the transaction

London Stock Exchange (XLON)

 

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 [email protected] or visit www.rns.com.
 
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