REG-Director/PDMR Shareholding <Origin Href="QuoteRef">WEIR.L</Origin>

WeirAnnouncement

29/04/2016 17:10

29 April 2016 
 
 The Weir Group PLC  
 
 Notification of Transactions of Directors/Persons Discharging Managerial
Responsibility and Connected Persons 
 
 Grant of Share Awards under the 2014 Long Term Incentive Plan 
 
 On 29 April 2016, the following awards over ordinary 12.5 pence shares in the
Company were made under the 2014 Long Term Incentive Plan (the "LTIP 2014") to
Persons Discharging Managerial Responsibilities ("PDMRs") of the Company: 
 
 Name of PDMR          Number of Performance Shares     Number of
Restricted Shares 
 
 Keith
Cochrane                                  
160,944 
 
 Jon
Stanton                                        
78,111 
 
 Dean
Jenkins                                     
78,111 
 
 Andrew
Neilson                                  
44,806 
 
 Pauline
Lafferty                                 
44,323 
 
 John
Heasley                                     
47,896 
 
 Ricardo
Garib                                    
68,482 
 
 Paul Coppinger
                                 
32,389                                    
       19,433 
 
 No consideration was paid for the grant of the awards. 
 
 The vesting of a performance award is subject to continued employment of the
PDMR and the following performance conditions: 
 
 EPS 
 
 The EPS targets at entry are 2% CAGR growth and maximum vesting at 7.5%. 
 
 Minimum Vesting (25%), EPS growth of 2% per annum over the three year period
to 2018 on a "point to point" basis will be required. 
 
 Maximum Vesting (100%), EPS growth of 7.5% per annum over the three year
period to 2018 on a "point to point" basis will be required. 
 
 ROCE 
 
 The ROCE targets at entry are 10.5% in 2018 and maximum vesting at 12.5% 
 
 Minimum Vesting (25%), ROCE of 10.5% by 2018. 
 
 Maximum Vesting (100%), ROCE by 2018. 
 
 Performance against EPS and ROCE targets will be measured on a straight line
basis. 
 
 TSR 
 
 Vesting of 25% of each element if performance matches the median of the
Group, rising to 100% if performance is within the top quintile. 
 
 The TSR Comparator Group for 2016 is Amec Foster Wheeler, Atlas Copco AB,
Caterpillar, Hunting, Dover Corporation, Fenner PLC, FLSmidth & Co. A/S,
Flowserve Corporation, FMC Corporation, Forum Energy Technologies Inc, IMI
PLC, ITT Corporation, John Wood Group PLC, Joy Global Inc., Komatsu, Metso
Corporation, National Oilwell Varco, Outotec Oyj, Petrofac, Rotork PLC,
Sandvik AB, Smiths Group PLC, SPX Corporation and Sulzer Ltd. 
 
 The Remuneration Committee approved the grant of 'one off' restricted share
awards under the LTIP 2014 on 23 February 2016.  These awards were granted
today to the PDMRs noted below. 
 
 Name of PDMR                                
Number of Restricted Shares 
 
 Andrew
Neilson                                  
20,000 
 
 Pauline
Lafferty                                 
20,000 
 
 John
Heasley                                     
20,000 
 
 Ricardo
Garib                                    
20,000 
 
 Paul Coppinger
                                  20,000 
 
 No consideration was paid for the grant of the one of restricted share
awards. There are no performance conditions.  The vesting of each award is
subject to continued employment of the PDMR. 
 
 The total number of interests held by PDMRs following these awards are as
follows: 
 
 Name of PDMR                                
Interest 
 
 Keith
Cochrane                                  
333,003           
 
 Jon
Stanton                                        
161,629 
 
 Dean
Jenkins                                     
143,572 
 
 Andrew
Neilson                                  
102,526 
 
 Pauline Lafferty
                                 111,605 
 
 John
Heasley                                     
111,743 
 
 Ricardo
Garib                                    
119,232 
 
 Paul
Coppinger                                  
120,327 
 
 This notification relates to a transaction notified in accordance with DTR
3.1.2 R. 
 
 Andrew Neilson 
 Company Secretary 
 0141 308 3771 
 

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: The Weir Group PLC via Globenewswire 
 HUG#2008644