t
Balfour Beatty plc announced that conditional share awards for Directors Leo Quinn and Philip Harrison vested on March 31, 2025, and April 1, 2025. Leo Quinn received a total of 889,025 ordinary shares, and Philip Harrison received 450,639 ordinary shares. Subsequently, between April 1 and April 2, 2025, Leo Quinn sold 400,664 shares at prices of £435.16 and £434.20, and Philip Harrison sold 212,120 shares at the same prices, to cover tax liabilities and expenses.
| Date | 3 Apr 2025 |
| Time | 15:40:03 |
| Category | Director/PDMR dealings |
| ID | 5985D |
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 Deferred Bonus Plan ("DBP") and Performance Share Plan ("PSP") (the "Existing Awards") on 31 March 2022 and 1 April 2022 respectively vested on 31 March 2025 and 1 April 2025 respectively. 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.
|
|
||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
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
|
|
|
|||||
|
a) |
Name |
Leo Quinn |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Director / PDMR - Group Chief Executive |
||||
|
b) |
Initial notification /Amendment |
Initial Notification |
||||
|
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 the financial instrument, type of instrument Identification code |
Ordinary Shares of 50p each
GB0000961622 |
||||
|
b) |
Nature of the transaction |
Vesting of conditional award over Ordinary Shares |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a |
||||
|
e) |
Date of the transaction |
31 March 2025 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
|
|
|||||
|
a) |
Name |
Leo Quinn |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Director / PDMR - Group Chief Executive |
||||
|
b) |
Initial notification /Amendment |
Initial Notification |
||||
|
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 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 and expenses arising from vesting |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a |
||||
|
e) |
Date of the transaction |
1 April 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
|
|
|
|||||
|
a) |
Name |
Leo Quinn |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Director / PDMR - Group Chief Executive |
||||
|
b) |
Initial notification /Amendment |
Initial Notification |
||||
|
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 the financial instrument, type of instrument Identification code |
Ordinary Shares of 50p each
GB0000961622 |
||||
|
b) |
Nature of the transaction |
Vesting of conditional award over Ordinary Shares |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a |
||||
|
e) |
Date of the transaction |
1 April 2025 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
|
|
|||||
|
a) |
Name |
Leo Quinn |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Director / PDMR - Group Chief Executive |
||||
|
b) |
Initial notification /Amendment |
Initial Notification |
||||
|
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 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 and expenses arising from vesting |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a |
||||
|
e) |
Date of the transaction |
2 April 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
|
|
|
|||||
|
a) |
Name |
Philip Harrison |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Director / PDMR - Chief Financial Officer |
||||
|
b) |
Initial notification /Amendment |
Initial Notification |
||||
|
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 the financial instrument, type of instrument Identification code |
Ordinary Shares of 50p each
GB0000961622 |
||||
|
b) |
Nature of the transaction |
Vesting of conditional award over Ordinary Shares |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a |
||||
|
e) |
Date of the transaction |
31 March 2025 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
|
|
|||||
|
a) |
Name |
Philip Harrison |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Director / PDMR - Chief Financial Officer |
||||
|
b) |
Initial notification /Amendment |
Initial Notification |
||||
|
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 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 and expenses arising from vesting |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a |
||||
|
e) |
Date of the transaction |
1 April 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
|
|
|
|||||
|
a) |
Name |
Philip Harrison |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Director / PDMR - Chief Financial Officer |
||||
|
b) |
Initial notification /Amendment |
Initial Notification |
||||
|
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 the financial instrument, type of instrument Identification code |
Ordinary Shares of 50p each
GB0000961622 |
||||
|
b) |
Nature of the transaction |
Vesting of conditional award over Ordinary Shares |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a |
||||
|
e) |
Date of the transaction |
1 April 2025 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
|
|
|||||
|
a) |
Name |
Philip Harrison |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
Director / PDMR - Chief Financial Officer |
||||
|
b) |
Initial notification /Amendment |
Initial Notification |
||||
|
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 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 and expenses arising from vesting |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
n/a |
||||
|
e) |
Date of the transaction |
2 April 2025 |
||||
|
f) |
Place of the transaction |
London Stock Exchange |
||||
Balfour Beatty plc's Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.