9th Sep 2025 16:06
PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRS") AND PERSONS CLOSELY ASSOCIATED WITH THEM
Balfour Beatty plc (the "Company") announces that, on 8 September 2025, Philip Hoare received conditional awards over Ordinary Shares of 50p each in the Company ("Ordinary Shares") as shown below (the "Buy-Out Awards"), in accordance with the rules of the Performance Share Plan ("PSP").
Each Buy-Out Award is granted to partially compensate for remuneration forfeited by Mr Hoare on leaving his former employer, as referred to in the announcement of 5 March 2025 and in the Company's Directors' Remuneration Report for the year ended 31 December 2024. Further information will be included in the Company's Directors' Remuneration Report for the year ending 31 December 2025, including as regards the performance conditions applying to the Buy-Out Awards granted in respect of forfeited performance stock units.
· Award granted over 97,149 Shares in respect of a forfeited restricted stock unit, which will vest in April 2026.
· Award granted over 166,189 Shares in respect of a forfeited performance stock unit, which will vest in April 2026 subject to the satisfaction of performance conditions.
· Award granted over 61,968 Shares in respect of a forfeited restricted stock unit, which will vest in March 2027.
· Award granted over 105,998 Shares in respect of a forfeited performance stock unit, which will vest in March 2027 subject to the satisfaction of performance conditions.
Philip Hoare was also granted an award under the PSP over 367,775 Shares in respect of the performance period 2025 - 2027 (the "2025 PSP Award"), which will vest subject to the satisfaction of the same performance conditions as apply to the PSP awards granted in March 2025 and be subject to a two year holding period post vesting.
The vesting of each By-Out Award and the 2025 PSP Award is subject to the rules of the PSP and Mr Hoare agreeing to be bound by the terms of the Awards.
No consideration is payable on either the grant or vesting of the Buy-Out Awards or the 2025 PSP Award.
The relevant notification set out below is 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
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
a) | Name | Philip Hoare | ||||||||||||||||
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 | Conditional awards over Ordinary Shares made in accordance with the rules of the PSP. | ||||||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 8 September 2025 | ||||||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||||||
Related Shares:
Balfour Beatty