REG - Balfour Beatty PLC - Director/PDMR Shareholding
RNS Number : 2033IBalfour Beatty PLC31 March 2020NOTIFICATION 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 rns@lseg.com or visit www.rns.com.ENDDSHFIFFAVSILVII
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