21st Apr 2006 13:37
Balfour Beatty PLC21 April 2006 Notification of a transaction of a Director and a PDMR and notification ofDirectors' interests in ordinary shares of an issuer, pursuant to s 324Companies Act 1985, Disclosure Rule 3.1.4 R (1) (b) and Disclosure Rule 3.1.2. Name of issuer:Balfour Beatty plc (the "Company") Name of individual Director:Anthony Leon Philip Rabin ("Mr Rabin") Name of individual PDMR:Andrew Edward Rose ("Mr Rose") Reasons for responsibility to notify:Executive director and PDMR respectively 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 Rabin under the Plan of a vesting award of 73,891 ordinary sharesin the Company, the sale of 30,296 shares comprised in the award to meet thePAYE and NI liability arising on exercise, and retention of the balance (43,595shares). Exercise by Mr Rose under the Plan of a vesting award of 49,450 ordinary sharesin the Company, the sale of 20,275 shares comprised in the award to meet thePAYE and NI liability arising on exercise, and retention of the balance (29,175shares). Date of transaction:20 April 2006 Price and volume:No consideration is payable for the award, but PAYE and NI are due in full onexercise. Consequent upon the transactions described above, the Executive Directors of theCompany, who are (among other employees) beneficiaries of the Trust, are deemedto have an interest in a total of 1,739,785 ordinary shares now held by theTrust. Contact:Company Secretary0207 216 6800 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Balfour Beatty