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Balfour Beatty plc directors Leo Quinn and Philip Harrison had conditional awards over Ordinary Shares vest on 19 March 2024. Mr. Quinn received 586,262 shares, selling 275,958 shares at £3.722 each, while Mr. Harrison received 278,931 shares and sold 131,295 shares at the same price on 20 March 2024 to cover tax liabilities.
| Date | 21 Mar 2024 |
| Time | 12:04:56 |
| Category | Director/PDMR dealings |
| ID | 8157H |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") AND PERSONS CLOSELY ASSOCIATED WITH THEM
Balfour Beatty plc (the "Company") announces that the conditional awards made pursuant to the rules of the Company's Performance Share Plan (the "Existing Awards") on 19 March 2021 vested on 19 March 2024. Further to the Existing Awards, dividend equivalents have been awarded over the lifetime of the Existing Awards in the form of further conditional awards over Ordinary Shares (the "Further Awards"). The total vesting amounts set out below consist of the Existing Awards and the Further Awards.
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The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.
Contact and telephone number for queries / Duly authorised officer of issuer responsible for making notification:
Tracey Wood, Group General Counsel and Company Secretary, 020 7216 6800
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a) |
Name |
Leo Quinn |
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2 |
Reason for the notification |
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a) |
Position/status |
Director / PDMR - Group Chief Executive |
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b) |
Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Balfour Beatty plc |
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b) |
LEI |
CT4UIJ3TUKGYYHMENQ17 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 50p each
GB0000961622 |
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b) |
Nature of the transaction |
Vesting of conditional award over Ordinary Shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
n/a |
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e) |
Date of the transaction |
19 March 2024 |
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f) |
Place of the transaction |
Outside a trading venue |
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a) |
Name |
Leo Quinn |
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2 |
Reason for the notification |
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a) |
Position/status |
Director / PDMR - Group Chief Executive |
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b) |
Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Balfour Beatty plc |
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b) |
LEI |
CT4UIJ3TUKGYYHMENQ17 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 50p each
GB0000961622 |
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b) |
Nature of the transaction |
Sale of sufficient Ordinary Shares to cover tax liabilities and expenses arising from vesting |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
n/a |
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e) |
Date of the transaction |
20 March 2024 |
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f) |
Place of the transaction |
London Stock Exchange |
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a) |
Name |
Philip Harrison |
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2 |
Reason for the notification |
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a) |
Position/status |
Director / PDMR - Chief Financial Officer |
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b) |
Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Balfour Beatty plc |
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b) |
LEI |
CT4UIJ3TUKGYYHMENQ17 |
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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 |
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|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 50p each
GB0000961622 |
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b) |
Nature of the transaction |
Vesting of conditional award over Ordinary Shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
n/a |
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e) |
Date of the transaction |
19 March 2024 |
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f) |
Place of the transaction |
Outside a trading venue |
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a) |
Name |
Philip Harrison |
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2 |
Reason for the notification |
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|
a) |
Position/status |
Director / PDMR - Chief Financial Officer |
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b) |
Initial notification /Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
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a) |
Name |
Balfour Beatty plc |
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b) |
LEI |
CT4UIJ3TUKGYYHMENQ17 |
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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 the financial instrument, type of instrument Identification code |
Ordinary Shares of 50p each
GB0000961622 |
||||
|
b) |
Nature of the transaction |
Sale of sufficient Ordinary Shares to cover tax liabilities arising from vesting |
||||
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
n/a |
||||
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e) |
Date of the transaction |
20 March 2024 |
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f) |
Place of the transaction |
London Stock Exchange |
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Balfour Beatty plc's Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.