REG - Weir Group PLC - Director/PDMR Shareholding
13/04/2022 16:15
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RNS Number : 3172I Weir Group PLC 13 April 2022
13 April 2022
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 11 April 2022, 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 Ordinary shares of 12.5p each fully paid
Identification code
GB0009465807
b) Nature of the transaction Grant of Restricted Share Award under The Weir Group Share Reward Plan.
Subject to the approval of the revised Directors' Remuneration Policy by the
Company's Shareholders at the Company's 2022 Annual General Meeting
("Shareholder Approval"), the award will vest in a single tranche on 11 April
2025. If Shareholder Approval is not received, the Award will vest in three
tranches. 50% will vest on 11 April 2025; 25% will vest on 11 April 2026 and
the final 25% will vest on 11 April 2027.
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 if Shareholder Approval is received. If
Shareholder Approval is not received, two years from the vesting of each
tranche of the Award. During which time 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 59,094
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 11 April 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
11 April 2022
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 Ordinary shares of 12.5p each fully paid
Identification code
GB0009465807
b) Nature of the transaction Grant of Restricted Share Award under The Weir Group Share Reward Plan.
Subject to the approval of the revised Directors' Remuneration Policy by the
Company's Shareholders at the Company's 2022 Annual General Meeting
("Shareholder Approval"), the award will vest in a single tranche on 11 April
2025. If Shareholder Approval is not received, the Award will vest in three
tranches. 50% will vest on 11 April 2025; 25% will vest on 11 April 2026 and
the final 25% will vest on 11 April 2027.
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 if Shareholder Approval is received. If
Shareholder Approval is not received, two years from the vesting of each
tranche of the Award. During which time 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 29,044
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 11 April 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
11 April 2022
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 Ordinary shares of 12.5p each fully paid
Identification code
GB0009465807
b) Nature of the transaction Grant of Restricted Share Award under The Weir Group Share Reward Plan.
Subject to the approval of the revised Directors' Remuneration Policy by the
Company's Shareholders at the Company's 2022 Annual General Meeting
("Shareholder Approval"), the award will vest in a single tranche on 11 April
2025. If Shareholder Approval is not received, the Award will vest in three
tranches. 50% will vest on 11 April 2025; 25% will vest on 11 April 2026 and
the final 25% will vest on 11 April 2027.
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 if Shareholder Approval is received. If
Shareholder Approval is not received, two years from the vesting of each
tranche of the Award. During which time 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 26,830
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 11 April 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
11 April 2022
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 Ordinary shares of 12.5p each fully paid
Identification code
GB0009465807
b) Nature of the transaction Grant of Restricted Share Award under The Weir Group Share Reward Plan.
Subject to the approval of the revised Directors' Remuneration Policy by the
Company's Shareholders at the Company's 2022 Annual General Meeting
("Shareholder Approval"), the award will vest in a single tranche on 11 April
2025. If Shareholder Approval is not received, the Award will vest in three
tranches. 50% will vest on 11 April 2025; 25% will vest on 11 April 2026 and
the final 25% will vest on 11 April 2027.
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 if Shareholder Approval is received. If
Shareholder Approval is not received, two years from the vesting of each
tranche of the Award. During which time 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 23,496
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 11 April 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
11 April 2022
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 Ordinary shares of 12.5p each fully paid
Identification code
GB0009465807
b) Nature of the transaction Grant of Restricted Share Award under The Weir Group Share Reward Plan.
Subject to the approval of the revised Directors' Remuneration Policy by the
Company's Shareholders at the Company's 2022 Annual General Meeting
("Shareholder Approval"), the award will vest in a single tranche on 11 April
2025. If Shareholder Approval is not received, the Award will vest in three
tranches. 50% will vest on 11 April 2025; 25% will vest on 11 April 2026 and
the final 25% will vest on 11 April 2027.
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 if Shareholder Approval is received. If
Shareholder Approval is not received, two years from the vesting of each
tranche of the Award. During which time 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 18,388
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 11 April 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
11 April 2022
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 Ordinary shares of 12.5p each fully paid
Identification code
GB0009465807
b) Nature of the transaction Grant of Restricted Share Award under The Weir Group Share Reward Plan.
Subject to the approval of the revised Directors' Remuneration Policy by the
Company's Shareholders at the Company's 2022 Annual General Meeting
("Shareholder Approval"), the award will vest in a single tranche on 11 April
2025. If Shareholder Approval is not received, the Award will vest in three
tranches. 50% will vest on 11 April 2025; 25% will vest on 11 April 2026 and
the final 25% will vest on 11 April 2027.
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 if Shareholder Approval is received. If
Shareholder Approval is not received, two years from the vesting of each
tranche of the Award. During which time 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 18,388
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 11 April 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
11 April 2022
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 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 Ordinary shares of 12.5p each fully paid
Identification code
GB0009465807
b) Nature of the transaction Grant of Restricted Share Award under The Weir Group Share Reward Plan.
Subject to the approval of the revised Directors' Remuneration Policy by the
Company's Shareholders at the Company's 2022 Annual General Meeting
("Shareholder Approval"), the award will vest in a single tranche on 11 April
2025. If Shareholder Approval is not received, the Award will vest in three
tranches. 50% will vest on 11 April 2025; 25% will vest on 11 April 2026 and
the final 25% will vest on 11 April 2027.
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 if Shareholder Approval is received. If
Shareholder Approval is not received, two years from the vesting of each
tranche of the Award. During which time 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 24,272
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 11 April 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
11 April 2022
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 Ordinary shares of 12.5p each fully paid
Identification code
GB0009465807
b) Nature of the transaction Grant of Restricted Share Award under The Weir Group Share Reward Plan.
Subject to the approval of the revised Directors' Remuneration Policy by the
Company's Shareholders at the Company's 2022 Annual General Meeting
("Shareholder Approval"), the award will vest in a single tranche on 11 April
2025. If Shareholder Approval is not received, the Award will vest in three
tranches. 50% will vest on 11 April 2025; 25% will vest on 11 April 2026 and
the final 25% will vest on 11 April 2027.
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 if Shareholder Approval is received. If
Shareholder Approval is not received, two years from the vesting of each
tranche of the Award. During which time 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 16,436
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 11 April 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
11 April 2022
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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