REG - Balfour Beatty PLC - Director/PDMR Shareholding

Balfour BeattyAnnouncement

15/03/2018 11:35

RNS Number : 8613H
Balfour Beatty PLC
15 March 2018
Notification of Transactions of Persons Discharging Managerial Responsibilities or Connected Persons
Balfour Beatty plc (the "Company") was informed on 14 March 2018 by The Trustee of the Balfour Beatty Employee Share Ownership Trust (the "Trust") that the following Persons Discharging Managerial Responsibilities acquired, for nil consideration, the number of Ordinary Shares of 50p each ("Ordinary Shares") in the Company shown below against their names following the release on 14 March 2018 of conditional share awards made on
2 January 2015 and 11 June 2015, respectively, pursuant to one-off award agreements as part of their recruitment arrangements:
Directors (Name: Number of Ordinary Shares released)
Mr L M Quinn
492,589
Mr P J Harrison
25,071
As previously announced on 5 January 2015, the award to Mr Quinn was made as compensation for an award that he forfeited on leaving his previous employer. The award to Mr Harrison was, as previously announced on 15 June 2015, made as compensation for an award that he forfeited on leaving his previous employer.
Vesting of both awards was subject to share price targets that were fully disclosed in the Company's 2016 Directors' Remuneration Report, and which were tested at the end of 2017. Full details of the performance targets relating to both awards will be provided in the Company's 2017 Directors' Remuneration Report.
Mr Quinn subsequently sold 231,865 Ordinary Shares at a price of 283.931p per Ordinary Share on 14 March 2018 solely to meet Income Tax and National Insurance obligations in respect of the award.
Mr Harrison subsequently sold 11,802 Ordinary Shares at a price of 283.931p per Ordinary Share on 14 March 2018 solely to meet Income Tax and National Insurance obligations in respect of the award.
Each acquisition of Ordinary Shares took place in Jersey, Channel Islands, and each 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 /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
Acquisition of shares for nil consideration following the release on 14 March 2018 of a conditional share award made on 2 January 2015.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
492,589
d)
Aggregated information
- Aggregated volume
- Price
Single transaction as in 4 (d) above
e)
Date of the transaction
2018-03-14
f)
Place of the transaction
Jersey, Channel Islands
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 /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 shares (solely to meet Income Tax and National Insurance obligations in respect of an award of shares)
c)
Price(s) and volume(s)
Price(s)
Volume(s)
2.83931
231,865
d)
Aggregated information
- Aggregated volume
- Price
Single transaction as in 4 (d) above
e)
Date of the transaction
2018-03-14
f)
Place of the transaction
London Stock Exchange, Main Market (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


NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
a)
Name
Philip James Harrison
2
Reason for the notification
a)
Position/status
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
Acquisition of shares for nil consideration following the release on 14 March 2018 of a conditional share award made on 11 June 2015.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
25,071
d)
Aggregated information
- Aggregated volume
- Price
Single transaction as in 4 (d) above
e)
Date of the transaction
2018-03-14
f)
Place of the transaction
Jersey, Channel Islands
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
Philip James Harrison
2
Reason for the notification
a)
Position/status
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 shares (solely to meet Income Tax and National Insurance obligations in respect of an award of shares)
c)
Price(s) and volume(s)
Price(s)
Volume(s)
2.83931
11,802
d)
Aggregated information
- Aggregated volume
- Price
Single transaction as in 4 (d) above
e)
Date of the transaction
2018-03-14
f)
Place of the transaction
London Stock Exchange, Main Market (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

This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLLFVLVLIELIT