20th Apr 2006 15:56
Balfour Beatty PLC20 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 and Disclosure Rule 3.1.4 R (1) (b) Name of issuer:Balfour Beatty plc (the "Company") Name of individual Director:Ian Paul Tyler 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 under the Plan of a vesting award of 88,101 ordinary shares in theCompany, the sale of 36,122 shares comprised in the award to meet the PAYE andNI liability arising on exercise, and retention of the balance (51,979 shares). Date of transaction:19 April 2006 Price and volume:No consideration is payable for the award, but PAYE and NI are due in full onexercise. Consequent upon the transaction described above and upon a transaction of asimilar nature by a retired former senior employee, the Executive Directors ofthe Company, who are (among other employees) beneficiaries of the Trust, aredeemed to have an interest in a total of 1,812,555 ordinary shares now held bythe Trust. Contact:Company Secretary0207 216 6800 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Balfour Beatty