2025
SHARE BUYBACK
13 March
2025
Balfour Beatty, the international
infrastructure group, announces that, further to the release of its
full year results on 12 March 2025, it intends to repurchase up to
a maximum aggregate consideration of £125 million of Ordinary
Shares during the 2025 phase of the share buyback programme (the
'Share Buyback') (inclusive of the initial tranche of the 2025
share buyback of £50 million announced on 6 January 2025), which is
intended to be completed before 31 December 2025.
Share purchases will take place in
open market transactions and may be made from time to time
depending on market conditions, share price and trading
volume. The
purpose of the share buyback is to reduce the share capital of
Balfour Beatty, with the purchased shares to be held
in treasury.
The maximum number of shares to be
purchased under the Share Buyback is 67,269,533
Ordinary Shares (inclusive of
5,693,739 Ordinary Shares already purchased under the initial
tranche of the 2025 share buyback). The
Group confirms that it currently has no unpublished price sensitive
information.
The Group will make further
regulatory announcements to shareholders in respect of purchases of
Ordinary Shares by the Group after they occur.
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
