TIDMBBY
RNS Number : 8115Z
Balfour Beatty PLC
17 March 2017
Notification of Transactions of Persons Discharging Managerial
Responsibilities or Connected Persons
Balfour Beatty plc (the "Company") was informed on 16 March 2017
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 16 March
2017 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 423,704
Mr P J Harrison 21,529
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 2015 Directors' Remuneration
Report, and which were tested at the end of 2016. Full details of
the performance targets relating to both awards will be provided in
the Company's 2016 Directors' Remuneration Report.
Mr Quinn subsequently sold 211,852 Ordinary Shares at a price of
276.58p per Ordinary Share on 16 March 2017 solely to meet Income
Tax and National Insurance obligations in respect of the award.
Mr Harrison subsequently sold 10,134 Ordinary Shares at a price
of 276.58p per Ordinary Share on 16 March 2017 solely to meet
Income Tax and National Insurance obligations in respect of the
award.
Each of these transactions took place in Jersey, Channel
Islands.
This notification is made under DTR Rule 3.1.4.
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 Initial Notification
/Amendment
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 Ordinary Shares of 50p each
of the financial
instrument, GB0000961622
type of instrument
Identification
code
=== ===================== =====================================
b) Nature of Acquisition of shares for nil
the transaction consideration following the release
on 16 March 2017 of a conditional
share award made on 2 January
2015.
c) Price(s) and
volume(s) Price(s) Volume(s)
---------- ----------
GBPNil 423,704
---------- ----------
=== ===================== =====================================
d) Aggregated Single transaction as in 4 (d)
information above
- Aggregated
volume
- Price
e) Date of the 2017-03-16
transaction
=== ===================== =====================================
f) Place of the Jersey, Channel Islands
transaction
=== ===================== =====================================
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 Initial Notification
/Amendment
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 Ordinary Shares of 50p each
of the financial
instrument, GB0000961622
type of instrument
Identification
code
b) Nature of Sale of shares (solely to meet
the transaction Income Tax and National Insurance
obligations in respect of an award
of shares)
c) Price(s) and
volume(s) Price(s) Volume(s)
----------- ----------
GBP2.7658 211,852
----------- ----------
d) Aggregated Single transaction as in 4 (d)
information above
- Aggregated
volume
- Price
e) Date of the 2017-03-16
transaction
f) Place of the London Stock Exchange, Main Market
transaction (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 Initial Notification
/Amendment
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 Ordinary Shares of 50p each
of the financial
instrument, GB0000961622
type of instrument
Identification
code
b) Nature of Acquisition of shares for nil
the transaction consideration following the release
on 16 March 2017 of a conditional
share award made on 11 June 2015.
c) Price(s) and
volume(s) Price(s) Volume(s)
---------- ----------
GBPNil 21,529
---------- ----------
d) Aggregated Single transaction as in 4 (d)
information above
- Aggregated
volume
- Price
e) Date of the 2017-03-16
transaction
f) Place of the Jersey, Channel Islands
transaction
=== ===================== =====================================
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 Initial Notification
/Amendment
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 Ordinary Shares of 50p each
of the financial
instrument, GB0000961622
type of instrument
Identification
code
b) Nature of Sale of shares (solely to meet
the transaction Income Tax and National Insurance
obligations in respect of an award
of shares)
c) Price(s) and
volume(s) Price(s) Volume(s)
----------- ----------
GBP2.7658 10,134
----------- ----------
d) Aggregated Single transaction as in 4 (d)
information above
- Aggregated
volume
- Price
e) Date of the 2017-03-16
transaction
f) Place of the London Stock Exchange, Main Market
transaction (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
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March 17, 2017 06:47 ET (10:47 GMT)
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