Balfour Beatty PLC Director/PDMR Shareholding (9601S)
29 June 2018 - 1:14AM
UK Regulatory
TIDMBBY
RNS Number : 9601S
Balfour Beatty PLC
28 June 2018
Notification of Transactions of Persons Discharging Managerial
Responsibilities or Connected Persons
Balfour Beatty plc (the "Company") was informed on 26 June 2018
by The Trustee of the Balfour Beatty Employee Share Ownership Trust
(the "Trust") that the following Person Discharging Managerial
Responsibilities received, for nil consideration, the number of
Ordinary Shares of 50p each ("Ordinary Shares") in the Company
shown below against their name following the release of Ordinary
Shares on 26 June 2018 in relation to a share award made on 26 June
2015 pursuant to the rules of the Company's Deferred Bonus Plan
("Award"):
Directors (Name: Number of Ordinary Shares released)
Mr L M Quinn 197,662
As previously announced on 29 June 2015, the Award to Mr Quinn
was made as compensation for an award that he forfeited on leaving
his previous employer. Mr Quinn elected to sell the minimum number
of Ordinary Shares in order to meet income tax and national
insurance obligations in respect of the Award and to hold all
remaining Ordinary Shares received under the Award. Details of the
number of Ordinary Shares sold and the price at which they were
sold will be announced following completion of the sale of Ordinary
Shares.
The acquisition of Ordinary Shares took place in Jersey, Channel
Islands.
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 of Ordinary Shares of 50p each
the financial
instrument, type GB0000961622
of instrument
Identification
code
=========================
b) Nature of the Acquisition of shares for nil consideration
transaction following the release on 26 June 2018 of
a share award made on 26 June 2015 pursuant
to the rules of the Company's Deferred Bonus
Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBPNil 197,662
----------
=========================
d) Aggregated information n/a - single transaction as set out at 4
- Aggregated volume c)
- Price
e) Date of the transaction 2018-06-26
=========================
f) Place of the transaction Jersey, Channel Islands
=== ========================= ==============================================
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END
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