5th Jul 2006 16:15
Balfour Beatty PLC05 July 2006 Notification of a transaction of a Director 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 James Lionel Cohen Reasons for responsibility to notify Executive director Description of the financial instrument Ordinary shares of 50 pence each ("Shares") Nature of transactionExercise of vested award under the Company's Performance Share Plan 2001 (the"Plan") and retention of Shares after the sale of some for tax and NIliabilities Date of transaction30 June 2006 Date Company notified3 July 2006 Price and volumeNo consideration is payable for the vesting of the award, comprising 76,733Shares. Of this number, Mr Cohen has sold 31,461 Shares to meet tax and NI andhas retained the balance of 45,272 Shares NotificationConsequent upon the exercise referred to in this announcement and the exerciseby another employee of a vested award under the Plan, the executive directorswho are (among other employees) beneficiaries of the Balfour Beatty Employees'Share Ownership Trust ("Trust") are deemed to have an interest in a total of1,242,780 ordinary shares now held by the Trustees of the Trust. ContactCompany Secretary020 7216 6800 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Balfour Beatty