Balfour Beatty Finalizes Repurchase of 430,279 Ordinary Shares Under Buyback Program

Details of Balfour Beatty's Share Buyback Programme

Balfour Beatty has actively pursued a share buyback programme initially announced on 5 January 2026 and later expanded on 11 March 2026. The recent acquisition of 430,279 ordinary shares took place between 6 July and 10 July 2026 through Merrill Lynch International. This buyback strategy aims to increase shareholder value by decreasing the number of shares outstanding, potentially boosting earnings per share.

The repurchased shares will be retained in treasury and will not carry voting rights, adjusting the total voting rights to 479,093,733. Shareholders can use this figure as the basis for calculating their ownership under the FCA's Disclosure and Transparency Rules. The company has not disclosed the aggregate value of the shares repurchased in this announcement.

Impact on Share Capital Structure

The share buyback programme significantly influences Balfour Beatty's capital structure. By holding the repurchased shares in treasury, the company reduces the number of shares available in the market, which may enhance the value of remaining shares if demand remains stable or increases. The immediate effect on the share price has not been publicly disclosed.

To date, Balfour Beatty has repurchased a total of 13,754,851 ordinary shares at a volume-weighted average price of 799.4933 pence. The total monetary value of these transactions remains undisclosed. This move may signal the company's confidence in its shares being undervalued at current market prices.

Trading Venues and Pricing Information

The share repurchases were executed across multiple trading platforms including the London Stock Exchange, Chi-X, BATS, and Turquoise. On 6 July 2026, the weighted average price on the London Stock Exchange was 886.0987 pence for 60,000 shares, with prices ranging from 882.50 pence to 895.00 pence. Similar transactions occurred on Chi-X, BATS, and Turquoise with varying prices and volumes.

Price fluctuations during the week reflected prevailing market conditions and trading volumes. For example, on 8 July 2026, shares on the London Stock Exchange were bought at a weighted average price of 839.2320 pence. The company did not specify reasons for price differences across venues, which may be due to market dynamics and liquidity.

Strategic Significance of the Share Buyback

Share buybacks serve as a strategic mechanism for capital management and returning value to shareholders. For Balfour Beatty, a major international infrastructure group, this programme forms part of a wider strategy to optimize capital allocation. By reducing shares in circulation, the company aims to improve shareholder returns and demonstrate confidence in its financial stability and growth prospects.

Operating in a sector characterized by large-scale projects and long-term contracts, Balfour Beatty finances, develops, builds, maintains, and operates essential infrastructure supporting national economies. Its involvement in projects such as Hinkley Point C in the UK and the Automated People Mover at Los Angeles International Airport highlights its global infrastructure influence.

Regulatory Compliance and Transparency

In line with Article 5(1)(b) of Regulation (EU) No 596/2014 (Market Abuse Regulation), Balfour Beatty has disclosed aggregated details of individual trades related to the share buyback on its website, ensuring transparency and regulatory compliance.

These disclosures are vital for maintaining investor confidence and ensuring equal access to information. The company confirmed that the repurchased shares are the only ones held in treasury and do not carry voting rights, enabling shareholders to accurately calculate their holdings.

Outlook and Considerations for Investors

Investors are advised to monitor Balfour Beatty's ongoing share buyback programme and its effects on financial performance and share price. The infrastructure sector faces risks including regulatory changes, project delays, and economic shifts. However, Balfour Beatty’s strategic initiatives like the buyback may provide resilience against such challenges.

As the company continues executing significant projects worldwide, its financial health and strategic decisions will remain under investor scrutiny. While no forward-looking guidance was provided in this announcement, investors should weigh the buyback benefits alongside market conditions and operational outcomes.

Contact Details for Further Information

For analyst and investor enquiries, Jim Ryan can be reached at +44 (0)785 836 8527 or via email at [email protected]. Media enquiries can be directed to Vivienne Dunn at +44 (0)203 810 2345 or [email protected].

These contacts provide essential communication channels for stakeholders seeking further details or clarification about the share buyback and other corporate matters, supporting transparency and trust.

Balfour Beatty’s Global Infrastructure Leadership

With over a century of experience, Balfour Beatty is a leader in the infrastructure sector, employing 27,000 people worldwide. The company delivers complex infrastructure projects that underpin national economies, including iconic developments globally.

Current projects include constructing Hinkley Point C, the UK’s first nuclear power station in decades, and developing the Lyric Theatre in Hong Kong, showcasing Balfour Beatty’s expertise in delivering large-scale infrastructure and commitment to urban development.