Balfour Beatty PLC Director/PDMR Shareholding (3245T)

TIDMBBY

RNS Number : 3245T

Balfour Beatty PLC

02 July 2018

Notification of Transactions of Persons Discharging Managerial Responsibilities or Connected Persons

Following the release on 26 June 2018 of a share award ("Award") pursuant to the rules of the Company's Deferred Bonus Plan, the following Person Discharging Managerial Responsibilities elected to sell the minimum number of Ordinary Shares of 50p each in the Company ("Ordinary Shares") in order to meet their income tax and national insurance obligations in respect of this Award as set out below:

 
 Directors (Name: Number of Ordinary 
  Shares sold) 
 Mr L M Quinn               93,042 
 

Mr Quinn sold the number of Ordinary Shares as set out above on 29 June 2018 at a price of 281.081p per Ordinary Share.

Mr Quinn elected to hold all remaining Ordinary Shares received under this Award.

The sale of Ordinary Shares took place in London.

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:

Mr D R Mercer, Company Secretary, 020 7216 6800

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 
 a)   Name                   Leo Martin Quinn 
===  =====================  =================================== 
 2    Reason for the notification 
 a)   Position/status        Chief Executive 
===  =====================  =================================== 
 b)   Initial notification   Initial Notification 
       /Amendment 
 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            Ordinary Shares of 50p each 
       of the financial 
       instrument,            GB0000961622 
       type of instrument 
       Identification 
       code 
===  =====================  =================================== 
 b)   Nature of              Sale of shares (solely to meet 
       the transaction        Income Tax and National Insurance 
                              obligations in respect of an 
                              award of shares pursuant to the 
                              rules of the Company's Deferred 
                              Bonus Plan). 
 c)   Price(s) and 
       volume(s)                     Price(s)     Volume(s) 
                                   ------------  ---------- 
                                     GBP2.81081     93,042 
                                   ------------  ---------- 
===  =====================  =================================== 
 d)   Aggregated             n/a - single transaction as set 
       information            out at 4 c) 
       - Aggregated 
       volume 
       - Price 
 e)   Date of the            2018-06-29 
       transaction 
===  =====================  =================================== 
 f)   Place of the           London Stock Exchange, Main Market 
       transaction            (XLON) 
===  =====================  =================================== 
 

Contact and telephone number for queries/

Duly authorised officer of issuer responsible for making notification:

Mr D R Mercer, Company Secretary, 020 7216 6800

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July 02, 2018 11:49 ET (15:49 GMT)