REG - Weir Group PLC - Director/PDMR Shareholding

WeirAnnouncement

13/04/2022 16:30

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RNS Number : 3188I  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
PDMR listed below exercised the restricted award granted to him under The Weir
Group Share Reward Plan.

 

 PDMR             Shares vesting  Dividend equivalent shares received  Total shares exercised  Shares sold to cover tax liability  Total shares acquired
 Graham Vanhegan  3,846           132                                  3,978                   1,803                               2,175

 

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                                                                                                                                                       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                                        Vesting of award granted in 2019 under The Weir Group Share Reward Plan.
                                                                        Following vesting there is a requirement to retain the vested shares for a
                                                                        period of two additional years during which the PDMR is not entitled to sell
                                                                        the shares or otherwise deal with them.
  c)   Price(s) and volume(s)                                           The shares sold to cover the tax liability arising from the vesting were
                                                                        disposed of at the price noted below:

Price(s)    Volume(s)
                                                                        £15.40593   1,803
 d)    Aggregated information                                           N/A Single transaction

       -     Aggregated volume

       -     Price
 e)    Date of the transaction                                          11 April 2022
 f)    Place of the transaction                                         London Stock Exchange Main Market (XLON)

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

11 April 2022

f)

Place of the transaction

London Stock Exchange Main Market (XLON)

 

For further information, please contact:

 

Graham Vanhegan

Company Secretary

Telephone: 0141 308 3771

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