REG - Balfour Beatty PLC - Transaction in Own Shares

Balfour BeattyAnnouncement

23/05/2022 07:15

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RNS Number : 3351M  Balfour Beatty PLC  23 May 2022

TRANSACTION IN OWN SHARES

Monday 23(rd) May 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:                                                20 May 2022
 Aggregate number of ordinary shares of 50 pence each purchased:  205,000
 Highest price paid per share (GBp):                              255.6000
 Lowest price paid per share (GBp):                               252.6000
 Volume weighted average price paid per share (GBp):              254.5204

 

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
627,996,984 (excluding treasury shares).

 

The Group has to date, under the Share Buyback, repurchased 11,408,285
ordinary shares at a volume weighted average price of 253.4730 pence, which
are to be held in treasury with no voting rights attached. In addition to the
shares repurchased under the Share Buyback, the Group also holds 50,334,350
shares in Treasury.  Following the latest repurchase, the Group owns a total
of 61,742,635 shares in treasury. Accordingly, the total number of voting
rights in the Company is 627,996,984. 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
(https://www.balfourbeatty.com/investors/shareholder-centre/share-purchase-transactions/)
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 price paid per share (GBp)  Aggregate number of shares purchased  Lowest price paid per share (GBp)  Highest price paid per share (GBp)
 London Stock Exchange  254.5090                                     150,000                               252.60                             255.60
 Turquoise               0                                           0                                     0                                  0
 Chi-X (CXE)            254.5746                                     20,000                                252.60                             255.40
 BATS (BXE)             254.5381                                     35,000                                252.80                             255.60

 

Analyst/investor enquiries:

Andrew Beaumont

Tel. +44 (0)7966 549 869
andrew.beaumont@balfourbeatty.com (mailto:andrew.beaumont@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
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 £1.5 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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