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

WeirAnnouncement

03/04/2017 13:25

RNS Number : 3948B
Weir Group PLC
03 April 2017
3 April 2017
The Weir Group PLC
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them
The Weir Group PLC (the "Company") hereby announces that on 29 March 2017, Awards over ordinary 12.5 pence shares in the Company were granted under The Weir Group PLC Long Term Incentive Plan 2014 to the PDMRs noted below.
This notification relates to a transaction notified in accordance with the Market Abuse Regulation, further details below:
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Jon Stanton
2.
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial notification/ Amendment
Initial Notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Weir Group PLC
b)
LEI
549300KDR56WHY9I3D10
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 Identification code
Ordinary shares of 12.5p each fully paid
GB0009465807
b)
Nature of the transaction
Grant of Performance Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
87,038
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
29 March 2017
f)
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
John Heasley
2.
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification/ Amendment
Initial Notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Weir Group PLC
b)
LEI
549300KDR56WHY9I3D10
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 Identification code
Ordinary shares of 12.5p each fully paid
GB0009465807
b)
Nature of the transaction
Grant of Performance Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
42,849
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
29 March 2017
f)
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Andrew Neilson
2.
Reason for the notification
a)
Position/status
Director of Strategy and Corporate Affairs
b)
Initial notification/ Amendment
Initial Notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Weir Group PLC
b)
LEI
549300KDR56WHY9I3D10
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 Identification code
Ordinary shares of 12.5p each fully paid
GB0009465807
b)
Nature of the transaction
Grant of Performance Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
28,778
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
29 March 2017
f)
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Ricardo Garib
2.
Reason for the notification
a)
Position/status
Division President of Weir Minerals
b)
Initial notification/ Amendment
Initial Notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Weir Group PLC
b)
LEI
549300KDR56WHY9I3D10
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 Identification code
Ordinary shares of 12.5p each fully paid
GB0009465807
b)
Nature of the transaction
1) Grant of Performance Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
2) Grant of Restricted Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is not subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1
Nil
51,018
2
Nil
12,000
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
Volume(s)
Nil
63,018
e)
Date of the transaction
29 March 2017
f)
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Paul Coppinger
2.
Reason for the notification
a)
Position/status
Division President of Weir Oil & Gas
b)
Initial notification/ Amendment
Initial Notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Weir Group PLC
b)
LEI
549300KDR56WHY9I3D10
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 Identification code
Ordinary shares of 12.5p each fully paid
GB0009465807
b)
Nature of the transaction
1) Grant of Performance Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
2) Grant of Restricted Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is not subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1
Nil
24,332
2
Nil
14,599
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
Volume(s)
Nil
38,931
e)
Date of the transaction
29 March 2017
f)
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
David Paradis
2.
Reason for the notification
a)
Position/status
Division President of Weir Flow Control
b)
Initial notification/ Amendment
Initial Notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Weir Group PLC
b)
LEI
549300KDR56WHY9I3D10
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 Identification code
Ordinary shares of 12.5p each fully paid
GB0009465807
b)
Nature of the transaction
1) Grant of Performance Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
2) Grant of Restricted Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is not subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1
Nil
18,346
2
Nil
11,007
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
Volume(s)
Nil
29,353
e)
Date of the transaction
29 March 2017
f)
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Geetha Dabir
2.
Reason for the notification
a)
Position/status
Chief Technology Officer
b)
Initial notification/ Amendment
Initial Notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Weir Group PLC
b)
LEI
549300KDR56WHY9I3D10
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 Identification code
Ordinary shares of 12.5p each fully paid
GB0009465807
b)
Nature of the transaction
1) Grant of Performance Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
2) Grant of Restricted Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is not subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
1
Nil
12,745
2
Nil
7,647
d)
Aggregated information
- Aggregated volume
- Price
Price(s)
Volume(s)
Nil
20,392
e)
Date of the transaction
29 March 2017
f)
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Christopher Morgan
2.
Reason for the notification
a)
Position/status
Company Secretary and General Counsel
b)
Initial notification/ Amendment
Initial Notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Weir Group PLC
b)
LEI
549300KDR56WHY9I3D10
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
 Identification code
Ordinary shares of 12.5p each fully paid
GB0009465807
b)
Nature of the transaction
Restricted Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is not subject to performance conditions. The vesting date of the Award will be in three equal tranches on 29 March 2018, 29 March 2019 and 29 March 2020. No consideration was paid for the grant of the award.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
6,813
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
29 March 2017
f)
Place of the transaction
Outside a trading venue
For further information, please contact:
Christopher Morgan
Company Secretary
Telephone: 0141 308 3771

This information is provided by RNS
The company news service from the London Stock Exchange
  END
DSHIJMBTMBAMBAR