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Balfour Beatty Plc
Balfour Beatty PLC - Transaction in Own Shares
15th May 2024, 06:10
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RNS Number : 4350O
Balfour Beatty PLC
15 May 2024
 

TRANSACTION IN OWN SHARES

Wednesday 15th May 2024

Balfour Beatty plc (the "Group" or "Balfour Beatty"), the international infrastructure group, announces that, in accordance with the terms of its share buyback programme announced on 2 January 2024, and increased on 13 March 2024 (the "Share Buyback"), the Group purchased the following number of its ordinary shares of 50 pence each through Merrill Lynch International.

 

Date of purchase:

14 May 2024

Aggregate number of ordinary shares of 50 pence each purchased:

173,748

Highest price paid per share (GBp):

386.80

Lowest price paid per share (GBp):

382.80

Volume weighted average price paid per share (GBp):

385.0101

 

The Group will hold the repurchased shares in treasury. Following the purchase of these shares, the remaining number of ordinary shares in issue will be 529,211,011 (excluding treasury shares).

 

The Group has, under the Share Buyback, repurchased 14,936,591 ordinary shares at a volume weighted average price of 351.9117 pence, which are to be held in treasury with no voting rights attached. The shares repurchased under the Share Buyback are the only shares held in Treasury by the Group. Accordingly, the total number of voting rights in the Company is 529,211,011. This figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Balfour Beatty plc under the FCA's Disclosure and Transparency Rules.

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table available on the Company's website here contains detailed and aggregated information of the individual trades made by Merrill Lynch International as part of the Share Buyback.

 

Aggregated information of ordinary shares purchased according to each trading venue:

 

Venue

Weighted average price paid per share (GBp)

Aggregate number of shares purchased

Lowest price paid per share (GBp)

Highest price paid per share (GBp)

London Stock Exchange

385.1752

128,331

383.00

386.80

Chi-X (CXE)

384.6669

23,400

383.20

386.80

BATS (BXE)

384.3966

16,082

382.80

386.60

Turquoise

384.4545

5,935

383.00

386.40

 

 

 

 

 

Investor and analyst enquiries:

Jim Ryan

Tel. +44 (0) 7858 368527

jim.ryan@balfourbeatty.com

Media enquiries: 

Antonia Walton
Tel. +44 (0) 7966 929 633
 antonia.walton@balfourbeatty.com

 

Notes to editors:

·    Balfour Beatty is a leading international infrastructure group with 26,000 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow.

·    We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.

·    Over the last 114 years we have created iconic buildings and infrastructure all over the world. Currently, we are working to deliver Hinkley Point C, the first UK nuclear power station in a generation; constructing the world-class arts and cultural facility, the Lyric Theatre, in Hong Kong; and designing, building, financing, operating and maintaining the Automated People Mover superstructure at the fifth busiest airport in the world, Los Angeles International Airport.

Legal Entity Identifier: CT4UIJ3TUKGYYHMENQ17

 

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