TIDMBBY
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 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 14 March 2018 of a conditional
share award made on 2 January
2015.
c) Price(s) and
volume(s) Price(s) Volume(s)
---------- ----------
GBPNil 492,589
---------- ----------
=== ===================== =====================================
d) Aggregated Single transaction as in 4 (d)
information above
- Aggregated
volume
- Price
e) Date of the 2018-03-14
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)
------------ ----------
GBP2.83931 231,865
------------ ----------
d) Aggregated Single transaction as in 4 (d)
information above
- Aggregated
volume
- Price
e) Date of the 2018-03-14
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 14 March 2018 of a conditional
share award made on 11 June 2015.
c) Price(s) and
volume(s) Price(s) Volume(s)
---------- ----------
GBPNil 25,071
---------- ----------
d) Aggregated Single transaction as in 4 (d)
information above
- Aggregated
volume
- Price
e) Date of the 2018-03-14
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)
------------ ----------
GBP2.83931 11,802
------------ ----------
d) Aggregated Single transaction as in 4 (d)
information above
- Aggregated
volume
- Price
e) Date of the 2018-03-14
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
DSHLLFVLVLIELIT
(END) Dow Jones Newswires
March 15, 2018 07:32 ET (11:32 GMT)
Balfour Beatty (LSE:BBY)
Historical Stock Chart
From Apr 2024 to May 2024
Balfour Beatty (LSE:BBY)
Historical Stock Chart
From May 2023 to May 2024
