REG - Balfour Beatty PLC - Rules 8.1, 8.2 and 8.4 of the Takeover Code <Origin Href="QuoteRef">BALF.L</Origin>

Balfour BeattyAnnouncement

29/10/2014 12:35

RNS Number : 0386P
Balfour Beatty PLC
13 August 2014
FORM 8 (DD)
PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)
Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Identity of the party to the offer or person acting in concert making the disclosure:
Duncan Magrath, director of Balfour Beatty plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
 The naming of nominee or vehicle companies is insufficient
-
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
 Use a separate form for each offeror/offeree
Balfour Beatty plc
(d) Status of person making the disclosure:
 e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree)
Acting in concert - Balfour Beatty plc
(e) Date dealing undertaken:
11 August 2014
(f) Has the party previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?
NO
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing
Class of relevant security:
Ordinary Shares of 50p each
Interests
Short positions
Number
%
Number
%
(1) Relevant securities owned and/or controlled:
144,017
0.021
Nil
0
(2) Derivatives (other than options):
Nil
0
Nil
0
(3) Options and agreements to purchase/sell:
Nil
0
Nil
0
 TOTAL:
144,017
0.021
Nil
0
Notes:
(i) the total figure includes securities held by close relatives or related trusts; 
(ii) 2,055 of these shares are held under the HMRC approved all-employee Share Incentive Plan.
All interests and all short positions should be disclosed.
Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).


(b) Rights to subscribe for new securities (including directors' and other executive options)
Class of relevant security in relation to which subscription right exists:
-
Details, including nature of the rights concerned and relevant percentages:
-
(i) Performance Share Plan
Director
Number of Balfour Beatty plc ordinary shares
Vesting date
Duncan Magrath
219,076
80,155
255,818
211,162
16 April 2015
31 December 2014
16 April 2016
31 March 2017
(ii) Deferred Bonus Plan
Director
Number of Balfour Beatty plc ordinary shares
Vesting date
Duncan Magrath
63,668
47,430
36,512
30 March 2015
31 March 2016
31 March 2017
(iii) Savings-Related Share Option Scheme
Director
Number of Balfour Beatty plc ordinary shares
Exercisable from
Duncan Magrath
628
1,291
1 July 2014
1 July 2015
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
3. DEALINGS BY THE PERSON MAKING THE DISCLOSURE
(a) Purchases and sales
Class of relevant security
Purchase/sale
Number of securities
Price per unit
Ordinary Shares of 50p each
Purchase in connection with Balfour Beatty plc's all-employee Share Incentive Plan
51
244.4p
(b) Derivatives transactions (other than options)
Class of relevant security
Product description
e.g. CFD
Nature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short position
Number of reference securities
Price per unit
N/A
N/A
N/A
N/A
N/A
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
Class of relevant security
Product description e.g. call option
Writing, purchasing, selling, varying etc.
Number of securities to which option relates
Exercise price per unit
Type
e.g. American, European etc.
Expiry date
Option money paid/ received per unit
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
(ii) Exercising
Class of relevant security
Product description
e.g. call option
Number of securities
Exercise price per unit
N/A
N/A
N/A
N/A
(d) Other dealings (including subscribing for new securities)
Class of relevant security
Nature of dealing
e.g. subscription, conversion
Details
Price per unit (if applicable)
N/A
N/A
N/A
N/A
The currency of all prices and other monetary amounts should be stated.
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer or person acting in concert making the disclosure and any other person:
If there are no such agreements, arrangements or understandings, state "none"
None
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer or person acting in concert making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
None
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions)
YES/NO
Supplemental Form 8 (SBL)
YES/NO
Date of disclosure:
13 August 2014
Contact name:
Mr M D Peters (Head of Secretariat)
Telephone number:
+44 (0) 20 7216 6968
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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