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 
===  =========================  ==============================================

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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June 28, 2018 11:14 ET (15:14 GMT)

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