Balfour Beatty PLC Transaction in Own Shares (9541V)

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RNS Number : 9541V

Balfour Beatty PLC

20 April 2021

TRANSACTION IN OWN SHARES

20 April 2021

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 5 January 2021 (the "Share Buyback"), the Group purchased the following number of its ordinary shares of 50 pence each through BofA Securities.

 
 Date of purchase:                               19 April 2021 
 Aggregate number of ordinary shares of 50 
  pence each purchased:                          390,531 
 Highest price paid per share (GBp):             321.8000 
 Lowest price paid per share (GBp):              316.2000 
 Volume weighted average price paid per share 
  (GBp):                                         319.6285 
 

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 672,823,869 (excluding treasury shares).

The Group has to date, under the Share Buyback, repurchased 16,915,750 ordinary shares at a volume weighted average price of 288.8905 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.

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 BofA Securities as part of the Share Buyback.

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

 
                             Weighted                          Lowest price   Highest price 
                           average price       Aggregate         paid per        paid per 
                             paid per          number of           share          share 
         Venue              share (GBp)     shares purchased       (GBp)          (GBp) 
 London Stock Exchange    319.5341         270,289             316.2000       321.8000 
                         ---------------  ------------------  -------------  -------------- 
 Turquoise                320.3595         15,375              317.2000       321.2000 
                         ---------------  ------------------  -------------  -------------- 
 Chi-X (CXE)              319.8920         28,000              317.2000       321.6000 
                         ---------------  ------------------  -------------  -------------- 
 BATS (BXE)               319.7179         76,867              317.2000       321.8000 
                         ---------------  ------------------  -------------  -------------- 
 

Analyst/investor enquiries:

Angus Barry

Tel. [phone]

[e-mail]

Media enquiries:

Antonia Walton

Tel. [phone]

[e-mail]

Notes to editors:

-- Balfour Beatty is a leading international infrastructure group with 26,000 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 112 years we have created iconic buildings and infrastructure all over the world including: the GBP1.5 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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April 20, 2021 02:15 ET (06:15 GMT)