Balfour Beatty PLC Transaction in Own Shares (0364Q)

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RNS Number : 0364Q

Balfour Beatty PLC

24 June 2022

TRANSACTION IN OWN SHARES

Friday 24(th) June 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 Numis Securities Limited.

 
 Date of purchase:                               23 June 2022 
 Aggregate number of ordinary shares of 50 
  pence each purchased:                          300,000 
 Highest price paid per share (GBp):             252.8000 
 Lowest price paid per share (GBp):              248.4000 
 Volume weighted average price paid per share 
  (GBp):                                         251.2414 
 

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 622,161,023 (excluding treasury shares).

The Group has to date, under the Share Buyback, repurchased 17,244,246 ordinary shares at a volume weighted average price of 254.8450 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 622,161,023. 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 Numis Securities Limited as part of the Share Buyback.

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

 
         Venue            Weighted average       Aggregate        Lowest price      Highest price 
                             price paid          number of        paid per share    paid per share 
                              per share       shares purchased        (GBp)             (GBp) 
                                (GBp) 
 London Stock Exchange        251.2367            200,000            248.40            252.80 
                         -----------------  ------------------  ----------------  ---------------- 
 Turquoise                    251.3342            10,000             250.60            252.20 
                         -----------------  ------------------  ----------------  ---------------- 
 Chi-X (CXE)                  251.2152            25,000             250.00            252.60 
                         -----------------  ------------------  ----------------  ---------------- 
 BATS (BXE)                   251.2518            65,000             250.00            252.80 
                         -----------------  ------------------  ----------------  ---------------- 
 

Analyst/investor enquiries:

Andrew Beaumont

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 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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June 24, 2022 02:10 ET (06:10 GMT)