Annual Report and Accounts 2009 Annual Report and Accounts 2009 161 Shareholder Information
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DELIVERING LONG-TERM GROWTH Annual report and accounts 2009 Annual report and accounts 2009 161 Shareholder information O ur business Financial calendar Gifting shares to your family or to charity 01 Operating across the infrastructure lifecycle To transfer shares to another member of your family as a gift, please ask the Registrars for a 2010 Balfour Beatty gift transfer form. Alternatively, if you only have a small number of shares whose 04 What we do 21 April Ex-dividend date for final 2009 value makes it uneconomic to sell them, you may wish to consider donating them to the share ordinary dividend donation charity ShareGift (registered charity no. 1052686), whose work Balfour Beatty supports. A quick look at the business, geographies and markets 23 April Final 2009 ordinary dividend record date Any shares that you donate to ShareGift will be aggregated, sold when possible, and the 12 May Annual General Meeting proceeds will be donated to a wide range of other UK charities. Since ShareGift was launched, over £13m has been given to more than 1,600 charities. The relevant share transfer form may 06 How we have performed 26 May Ex-dividend date for July 2010 be obtained from the Registrars. For more information on ShareGift, visit www.ShareGift.org preference dividend 08 Message from the Chairman 28 May July 2010 preference dividend record date Share dealing services Capita Share Dealing Services (a trading name of Capita IRG Trustees Limited) provide 5 June Final date for receipt of DRIP mandate a telephone and online share dealing service for UK and EEA resident shareholders. Success means attracting, retaining and developing the best people forms (see below) To use this service, shareholders should contact Capita, Telephone: 0871 664 0364 from the 1 July Preference dividend payable UK (calls cost 10p per minute plus network extras) and +44 203 367 2686 from outside the 10 Strategic review from the Chief Executive UK – lines are open Monday to Friday 8.00 am to 4.30 pm, UK time. Alternatively, log on to 5 July* Final 2009 ordinary dividend payable www.capitadeal.com A clear strategy to drive long-term growth 11 August* Announcement of 2010 half-year results For UK shareholders, an execution-only share-dealing service for the purchase and sale of 3 December* Interim 2010 ordinary dividend payable Balfour Beatty shares is also available from NatWest Stockbrokers. For details, please contact: NatWest Stockbrokers Limited, Premier Place, 2½ Devonshire Square, London EC2M 4BA, 21 Simplifying the delivery of complex projects for our customers *Provisional dates Telephone: 0808 208 4433, Typetalk 18001 0808 208 4433, Email: [email protected], Registrars The service is available Monday to Friday, except UK Bank Holidays, 8.00am to 4.30pm. A look at some of the projects we are working on All administrative enquiries relating to shareholdings and requests to receive corporate NatWest Stockbrokers Limited is a joint venture between The Royal Bank of Scotland documents by email should, in the first instance, be directed to the Company’s Registrars and Group plc and Toronto-Dominion Bank. 34 Broadly-spread growth markets clearly state the shareholder’s registered address and, if available, the full shareholder reference Capita IRG Trustees Limited and NatWest Stockbrokers Limited are each authorised and number. Please write to: regulated by the Financial Services Authority. Capita Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU, Telephone: Our principal markets promise long-term growth 0871 664 0300 from the UK (calls cost 10p per minute plus network extras) and +44 20 8639 Rights issue 3399 from outside the UK (Monday – Friday 8.30 am – 5.30 pm, UK time). Alternatively you can On 17 September 2009, the Company announced a fully underwritten 3 for 7 rights issue at a email at: [email protected] subscription price of 180p per new ordinary share, representing a discount of approximately 37 Operating review of our four linked businesses 46.8% to the closing middle market price of 344p per ordinary share on 16 September 2009, They can help you to: after adjustment for the 2009 interim dividend, to substantially finance the acquisition of 38 Professional services – check your shareholding; Parsons Brinckerhoff Inc. The rights issue and acquisition were approved by the holders of the – register a change of address or name; Company’s ordinary shares at a general meeting on 7 October 2009 and the rights issue closed 42 Construction services – obtain a replacement dividend cheque or tax voucher; on 22 October 2009. The Company’s ordinary shares were quoted ex-rights by the London – record the death of a shareholder; Stock Exchange on 8 October 2009 and their closing middle market price that day was 279.6p – amalgamate multiple accounts; 48 Support services per share. The closing middle market price of an ordinary share immediately before the ex-rights – resolve any other question about your shareholding. date was 316p per share. Dealings in nil paid new ordinary shares commenced on 8 October Dividends and dividend reinvestment plan 2009 and the closing middle market price of the nil paid new ordinary shares that day was 52 Infrastructure investments 98.75p per share. The theoretical ex-rights price was 275.2p per ordinary share. ZERO HARM If you wish dividends to be paid directly into your bank or building society account, through the ACROSS OUR BUSINESSES BY 2 0 1 2 Bankers Automated Clearing System (BACS), you should contact the Registrars for a dividend The Company received valid acceptances in respect of 199,469,067 ordinary shares, 56 Making our success sustainable mandate form. representing approximately 97.06% of the total number of new ordinary shares offered to O shareholders pursuant to the rights issue. In accordance with the arrangements set out in the ur governance Balfour Beatty has a dividend reinvestment plan (DRIP) which allows ordinary shareholders to 62 Board of Directors reinvest their cash dividends in the Company’s shares bought in the market through a specially rights issue prospectus, JPMorgan Cazenove Limited and RBS Hoare Govett Limited procured arranged share dealing service. Full details of the DRIP and its charges, together with mandate acquirers for the remaining 6,033,170 ordinary shares for which valid acceptances were not forms, can be accessed at www.balfourbeatty-shares.com received, at a price of 287p per new ordinary share. 205,502,237 new ordinary shares were 64 Financial review therefore issued, raising £352m after issue costs and expenses of £18m. International payment service Shareholders outside the UK may now elect to receive dividends paid direct into their Share price 67 Directors’ valuation of PPP concessions overseas bank account, or by currency draft, instead of by way of a cheque drawn in sterling. The Balfour Beatty share price can be found at the Balfour Beatty website at For further information, please contact the Company’s Registrars on +44 20 8639 3405 www.balfourbeatty.com and in the appropriate sections of national newspapers under 70 Principal risks and risk management (from outside the UK) or 0871 664 0385 from the UK (calls cost 10p per minute plus network the classification “Construction and Building Materials”. It is also available on a number extras). Lines are open between 9.00 am and 5.30 pm, UK time. Alternatively, please log on of personal finance websites on the Internet and from television text services. 74 Directors’ report to www.capitashareportal.com and click on the link for International Payment Service. The London Stock Exchange Daily OfficialL ist (SEDOL) codes are: Shareholder information on the internet and electronic communications Ordinary shares: 0096162. The Balfour Beatty website at www.balfourbeatty.com offers shareholders and prospective Preference shares: 0097820. 82 Remuneration report investors a range of information about the Company, its people and businesses and its policies The London Stock Exchange “ticker” codes are: O on corporate governance and corporate responsibility. ur accounts Ordinary shares: BBY. 91 Independent auditors’ report It should be regarded as your first point of reference for information on any of these matters. Preference shares: BBYB. In conjunction with Capita Registrars, you can create a Share Portal account, through which Capital gains tax 92 Financial statements you will be able to access the full range of online shareholder services, including the ability to: For capital gains tax purposes the market value on 31 March 1982 of Balfour Beatty plc’s – view your holdings and indicative share price and valuation; ordinary shares of 50p each was 267.6p per share. This has been adjusted for the 1 for 5 rights 160 Group five-year summary – view movements on your holdings and your dividend payment history; issue in June 1992, the 2 for 11 rights issue in September 1996 and the 3 for 7 rights issue in – register a dividend mandate to have your dividends paid directly into your bank account; October 2009, and assumes that all rights have been taken up. 161 Shareholder information – change your registered address; Enquiries – sign-up to receive e-communications or access the online proxy voting facility; Enquiries relating to Balfour Beatty’s results, business and financial position should be made – download and print shareholder forms. in writing to the Corporate Communications Department at the Company’s Registered Office Front cover: Balfour Beatty completed the construction of the iconic Infinity Bridge The Share Portal is easy to use. Please visit www.balfourbeatty-shares.com. address or by email to [email protected] across the river Tees in Stockton, North-East England, in 2009 Alternatively, you can email: [email protected] Balfour Beatty plc Registered Office: 130W ilton Road, London SW1V 1LQ Registered in England Number 395826 Annual report and accounts 2009 1 Operating across Our business the infrastructure LIFECYCLE Infrastructure is a long-term business offering outstanding opportunities.