25th Apr 2006 10:33
Balfour Beatty PLC25 April 2006 Notification of a transaction of a Director and notification of Directors'interests in ordinary shares of an issuer, pursuant to s 324 Companies Act 1985,Disclosure Rule 3.1.4 R (1) (b). Name of issuer:Balfour Beatty plc (the "Company") Name of individual Director:Peter John Louis Zinkin ("Mr Zinkin") Reasons for responsibility to notify:Executive director Description of the financial instrument:Ordinary shares under the Company's long term incentive scheme, the PerformanceShare Plan 2001 (the "Plan"), the shares being held by the Balfour BeattyEmployees' Trust ("Trust"). Nature of transaction:Exercise by Mr Zinkin under the Plan of a vesting award of 82,417 ordinaryshares in the Company, the sale of 58,104 shares comprised in the award (33,791of which were to meet the PAYE and NI liability arising on exercise), andretention of 24,313 shares. Date of transaction:24 April 2006 Price and volume:No consideration is payable for the award, but PAYE and NI are due in full onexercise.The value of the shares sold was £220,557.31, of which £125,150.21 representsincome tax and national insurance due. Consequent upon the transaction described above, and other similar transactionsby senior employees, the Executive Directors of the Company, who are (amongother employees) beneficiaries of the Trust, are deemed to have an interest in atotal of 1,696,190 ordinary shares now held by the Trust. Contact:Company Secretary0207 216 6800 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Balfour Beatty