REG - Balfour Beatty PLC - Share Buyback Programme

Balfour BeattyAnnouncement

13/03/2025 07:15

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RNS Number : 5324A  Balfour Beatty PLC  13 March 2025

2025 SHARE BUYBACK

 

13 March 2025

 

Balfour Beatty, the international infrastructure group, announces that,
further to the release of its full year results on 12 March 2025, it intends
to repurchase up to a maximum aggregate consideration of £125 million of
Ordinary Shares during the 2025 phase of the share buyback programme (the
'Share Buyback') (inclusive of the initial tranche of the 2025 share buyback
of £50 million announced on 6 January 2025), which is intended to be
completed before 31 December 2025.

 

Share purchases will take place in open market transactions and may be made
from time to time depending on market conditions, share price and trading
volume. The purpose of the share buyback is to reduce the share capital of
Balfour Beatty, with the purchased shares to be held in treasury.

 

The maximum number of shares to be purchased under the Share Buyback is
67,269,533 Ordinary Shares (inclusive of 5,693,739 Ordinary Shares already
purchased under the initial tranche of the 2025 share buyback). The Group
confirms that it currently has no unpublished price sensitive information.

 

The Group will make further regulatory announcements to shareholders in
respect of purchases of Ordinary Shares by the Group after they occur.

 

Investor and analyst enquiries:

Jim Ryan

Tel. +44 (0) 7858 368527

jim.ryan@balfourbeatty.com (mailto:jim.ryan@balfourbeatty.com)

Media enquiries:

Antonia Walton

Tel. +44 (0) 7966 929 633
antonia.walton@balfourbeatty.com (mailto:antonia.walton@balfourbeatty.com)

 

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 114 years we have created iconic buildings and
infrastructure all over the world. Currently, we are working to deliver
Hinkley Point C, the first UK nuclear power station in a generation;
constructing the world-class arts and cultural facility, the Lyric Theatre, in
Hong Kong; and designing, building, financing, operating and maintaining the
Automated People Mover superstructure at the fifth busiest airport in the
world, Los Angeles International Airport.

 

Legal Entity Identifier: CT4UIJ3TUKGYYHMENQ17

 

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