REG - Weir Group PLC - Director/PDMR Shareholding

WeirAnnouncement

09/04/2020 17:10

RNS Number : 4416J
  
Weir Group PLC
  
09 April 2020
  
 

9 April 2020
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 8 April 2020, the PDMRs noted below were granted restricted share awards under The Weir Group Share Reward Plan.
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 Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 8 April 2022, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2023, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2024, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2025, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award.
Following vesting there is a requirement to retain the vested shares (except for any shares sold to cover any applicable tax withholding requirement) for a period of two additional years (three years in respect of the proportion which vests in 2022) during which the PDMR is not entitled to sell the shares or otherwise deal with them. The Award is not subject to performance conditions.
No consideration was paid for the grant of the award.




 c)


Price(s) and volume(s)


 



Price(s)


Volume(s)




Nil


108,802



 
 
 




d)


Aggregated information
-     Aggregated volume
-     Price


N/A




e)


Date of the transaction


8 April 2020




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 Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 8 April 2022, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2023, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2024, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2025, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award.
Following vesting there is a requirement to retain the vested shares (except for any shares sold to cover any applicable tax withholding requirement) for a period of two additional years (three years in respect of the proportion which vests in 2022) during which the PDMR is not entitled to sell the shares or otherwise deal with them. The Award is not subject to performance conditions. No consideration was paid for the grant of the award.




 c)


Price(s) and volume(s)


 



Price(s)


Volume(s)




Nil


53,602



 
 




d)


Aggregated information
-     Aggregated volume
-     Price


N/A




e)


Date of the transaction


8 April 2020




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


President of Weir Minerals Division




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 Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 8 April 2022, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2023, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2024, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2025, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award.
Following vesting there is a requirement to retain the vested shares (except for any shares sold to cover any applicable tax withholding requirement) for a period of two additional years (three years in respect of the proportion which vests in 2022) during which the PDMR is not entitled to sell the shares or otherwise deal with them. The Award is not subject to performance conditions. No consideration was paid for the grant of the award.




 c)


Price(s) and volume(s)


 



Price(s)


Volume(s)




Nil


50,706



 
 
 




d)


Aggregated information
-     Aggregated volume
-     Price


N/A




e)


Date of the transaction


8 April 2020




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


President of Weir Oil & Gas Division




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 Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 8 April 2022, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2023, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2024, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2025, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award.
Following vesting there is a requirement to retain the vested shares (except for any shares sold to cover any applicable tax withholding requirement) for a period of two additional years (three years in respect of the proportion which vests in 2022) during which the PDMR is not entitled to sell the shares or otherwise deal with them. The Award is not subject to performance conditions. No consideration was paid for the grant of the award.




 c)


Price(s) and volume(s)


 



Price(s)


Volume(s)




Nil


61,789



 
 




d)


Aggregated information
-     Aggregated volume
-     Price


N/A




e)


Date of the transaction


8 April 2020




f)


Place of the transaction


Outside a trading venue









 
 
 
 
 
 



1.


Details of the person discharging managerial responsibilities/ person closely associated




a)


Name


Jon Owens




2.


Reason for the notification




a)


Position/status


President of Weir ESCO Division




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 Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 8 April 2022, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2023, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2024, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2025, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award.
Following vesting there is a requirement to retain the vested shares (except for any shares sold to cover any applicable tax withholding requirement) for a period of two additional years (three years in respect of the proportion which vests in 2022) during which the PDMR is not entitled to sell the shares or otherwise deal with them. The Award is not subject to performance conditions. No consideration was paid for the grant of the award.




 c)


Price(s) and volume(s)


 



Price(s)


Volume(s)




Nil


49,951                                    



 
 
 




d)


Aggregated information
-     Aggregated volume
-     Price


N/A
 




e)


Date of the transaction


8 April 2020




f)


Place of the transaction


Outside a trading venue









 



1.


Details of the person discharging managerial responsibilities/ person closely associated




a)


Name


Garry Fingland




2.


Reason for the notification




a)


Position/status


Chief Information 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 Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 8 April 2022, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2023, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2024, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2025, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award.
Following vesting there is a requirement to retain the vested shares (except for any shares sold to cover any applicable tax withholding requirement) for a period of two additional years (three years in respect of the proportion which vests in 2022) during which the PDMR is not entitled to sell the shares or otherwise deal with them. The Award is not subject to performance conditions. No consideration was paid for the grant of the award.




 c)


Price(s) and volume(s)


 



Price(s)


Volume(s)




Nil


32,862



 
 




d)


Aggregated information
-     Aggregated volume
-     Price


N/A




e)


Date of the transaction


8 April 2020




f)


Place of the transaction


Outside a trading venue









 
 



1.


Details of the person discharging managerial responsibilities/ person closely associated




a)


Name


Rosemary McGinness




2.


Reason for the notification




a)


Position/status


Chief People 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 Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 8 April 2022, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2023, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2024, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2025, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award.
Following vesting there is a requirement to retain the vested shares (except for any shares sold to cover any applicable tax withholding requirement) for a period of two additional years (three years in respect of the proportion which vests in 2022) during which the PDMR is not entitled to sell the shares or otherwise deal with them. The Award is not subject to performance conditions. No consideration was paid for the grant of the award.




 c)


Price(s) and volume(s)


 



Price(s)


Volume(s)




Nil


32,862



 
 




d)


Aggregated information
-     Aggregated volume
-     Price


N/A




e)


Date of the transaction


8 April 2020




f)


Place of the transaction


Outside a trading venue









 



1.


Details of the person discharging managerial responsibilities/ person closely associated




a)


Name


Graham Vanhegan




2.


Reason for the notification




a)


Position/status


Chief Legal Officer and Company Secretary




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 Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 8 April 2022, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2023, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2024, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2025, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award.
Following vesting there is a requirement to retain the vested shares (except for any shares sold to cover any applicable tax withholding requirement) for a period of two additional years (three years in respect of the proportion which vests in 2022) during which the PDMR is not entitled to sell the shares or otherwise deal with them. The Award is not subject to performance conditions. No consideration was paid for the grant of the award.




 c)


Price(s) and volume(s)


 



Price(s)


Volume(s)




Nil


32,862








d)


Aggregated information
-     Aggregated volume
-     Price


N/A




e)


Date of the transaction


8 April 2020




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


Weir Minerals Regional Managing Director Europe, North Africa, Central Asia & Russia




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 Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 8 April 2022, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2023, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2024, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2025, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award.
Following vesting there is a requirement to retain the vested shares (except for any shares sold to cover any applicable tax withholding requirement) for a period of two additional years (three years in respect of the proportion which vests in 2022) during which the PDMR is not entitled to sell the shares or otherwise deal with them. The Award is not subject to performance conditions. No consideration was paid for the grant of the award.




 c)


Price(s) and volume(s)


 



Price(s)


Volume(s)




Nil


44,258








d)


Aggregated information
-     Aggregated volume
-     Price


N/A




e)


Date of the transaction


8 April 2020




f)


Place of the transaction


Outside a trading venue









 



1.


Details of the person discharging managerial responsibilities/ person closely associated




a)


Name


Paula Cousins




2.


Reason for the notification




a)


Position/status


Chief Strategy and Sustainability 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 Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 8 April 2022, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2023, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 8 April 2024, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2025, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award.
Following vesting there is a requirement to retain the vested shares (except for any shares sold to cover any applicable tax withholding requirement) for a period of two additional years (three years in respect of the proportion which vests in 2022) during which the PDMR is not entitled to sell the shares or otherwise deal with them. The Award is not subject to performance conditions. No consideration was paid for the grant of the award.




 c)


Price(s) and volume(s)


 



Price(s)


Volume(s)




Nil


17,690








d)


Aggregated information
-     Aggregated volume
-     Price


N/A
 




e)


Date of the transaction


8 April 2020




f)


Place of the transaction


Outside a trading venue









 
For further information, please contact:
 
Graham Vanhegan
Company Secretary
Telephone: 0141 308 3771


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  END
 
 
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