Balfour Beatty PLC — Remuneration Information 2019

Dec 9, 2019

National Storage Mechanism | Additional information

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RNS Number : 2658W

Balfour Beatty PLC

09 December 2019

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, on 6 December 2019, the following PDMRs were awarded dividend equivalents in respect of their existing unvested share awards ("Existing Awards") under the Company's deferred bonus plan ("DBP"). These dividend equivalents take the form of conditional awards over the number of Ordinary Shares of 50p each in the Company ("Ordinary Shares") shown below ("New Awards").  The Existing Awards were granted on 31 March 2017, 3 April 2018 and 3 April 2019, pursuant to the rules of the DBP. The New Awards were calculated by reference to the dividend that would have been paid on the Existing Awards had they vested by the dividend record date.

The New Awards will vest at the same time as the Existing Awards that they relate to, in accordance with the rules of the DBP.

Name of Director / PDMR	Total number of Shares Awarded	Type of Award
Leo Quinn	4,339	Conditional award (dividend equivalent)
Philip Harrison	2,154	Conditional award (dividend equivalent)

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:

Ms Alia Fazal, Deputy 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 Quinn

2

Reason for the notification

a)

Position/status

Director / PDMR - Chief Executive 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

Award of dividend equivalents in respect of existing unvested deferred bonus plan awards currently held by the participant, in the form of a conditional award over Ordinary Shares. 

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£Nil	4,339

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

6 December 2019

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

Award of dividend equivalents in respect of existing unvested deferred bonus plan awards currently held by the participant, in the form of a conditional award over Ordinary Shares. 

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£Nil	2,154

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

6 December 2019

f)

Place of the transaction

Outside a trading venue

Balfour Beatty plc's Legal Entity Identifier is CT4UIJ3TUKGYYHMENQ17.

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