REG - Weir Group PLC - Director/PDMR Shareholding
10/04/2024 15:30
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RNS Number : 0836K Weir Group PLC 10 April 2024
10 April 2024
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 the last tranche of
various restricted share awards over ordinary shares in the Company that were
made in 2019 under The Weir Group Share Reward Plan vested on 9 April 2024 and
were subsequently released to each of the PDMRs listed below on the same day,
together with additional shares in respect of dividend equivalent payments. A
portion of the shares acquired by each of the PDMRs was then sold
automatically to cover each PDMR's tax liability in respect of acquisition of
shares following the vesting of the share awards.
PDMR Shares vested Dividend equivalent shares received Total shares received Shares sold to cover tax liability Total shares acquired
Rosemary McGinness 3,820 227 4,047 2,029 2,018
Andrew Neilson 4,145 246 4,391 2,202 2,189
Jon Stanton 12,743 768 13,511 6,367 7,144
Graham Vanhegan 3,846 230 4,076 1,869 2,207
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 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
Transaction 1 - share vesting
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,
including dividend equivalent shares. 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, other
than a sale to cover the tax liabilities arising on vesting.
c) Price(s) and volume(s) Price(s) Volume(s)
£nil 4,047
d) Aggregated information N/A Single transaction
- Aggregated volume
- Price
e) Date of the transaction 9 April 2024
f) Place of the transaction Outside a trading venue
Transaction 2 - sale of shares to cover tax
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 Sale of ordinary shares to cover the tax arising on the vesting of an award
made in 2019 under The Weir Group Share Reward Plan.
c) Price(s) and volume(s) Price(s) Volume(s)
£20.359396 2,029
d) Aggregated information N/A Single transaction
- Aggregated volume
- Price
e) Date of the transaction 9 April 2024
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
9 April 2024
f)
Place of the transaction
Outside a trading venue
Transaction 2 - sale of shares to cover tax
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
Sale of ordinary shares to cover the tax arising on the vesting of an award
made in 2019 under The Weir Group Share Reward Plan.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£20.359396 2,029
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
9 April 2024
f)
Place of the transaction
London Stock Exchange Main Market (XLON)
1. Details of the person discharging managerial responsibilities/ person closely
associated
a) Name Andrew Neilson
2. Reason for the notification
a) Position/status Division President
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
Transaction 1 - share vesting
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,
including dividend equivalent shares. 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, other
than a sale to cover the tax liabilities arising on vesting.
c) Price(s) and volume(s) Price(s) Volume(s)
£nil 4,391
d) Aggregated information N/A Single transaction
- Aggregated volume
- Price
e) Date of the transaction 9 April 2024
f) Place of the transaction Outside a trading venue
Transaction 2 - sale of shares to cover tax
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 Sale of ordinary shares to cover the tax arising on the vesting of an award
made in 2019 under The Weir Group Share Reward Plan.
c) Price(s) and volume(s) Price(s) Volume(s)
£20.359396 2,202
d) Aggregated information N/A Single transaction
- Aggregated volume
- Price
e) Date of the transaction 9 April 2024
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
9 April 2024
f)
Place of the transaction
Outside a trading venue
Transaction 2 - sale of shares to cover tax
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
Sale of ordinary shares to cover the tax arising on the vesting of an award
made in 2019 under The Weir Group Share Reward Plan.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£20.359396 2,202
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
9 April 2024
f)
Place of the transaction
London Stock Exchange Main Market (XLON)
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
Transaction 1 - share vesting
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,
including dividend equivalent shares. 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, other
than a sale to cover the tax liabilities arising on vesting.
c) Price(s) and volume(s) Price(s) Volume(s)
£nil 13,511
d) Aggregated information N/A Single transaction
- Aggregated volume
- Price
e) Date of the transaction 9 April 2024
f) Place of the transaction Outside a trading venue
Transaction 2 - sale of shares to cover tax
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 Sale of ordinary shares to cover the tax arising on the vesting of an award
made in 2019 under The Weir Group Share Reward Plan.
c) Price(s) and volume(s) Price(s) Volume(s)
£20.359396 6,367
d) Aggregated information N/A Single transaction
- Aggregated volume
- Price
e) Date of the transaction 9 April 2024
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
9 April 2024
f)
Place of the transaction
Outside a trading venue
Transaction 2 - sale of shares to cover tax
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
Sale of ordinary shares to cover the tax arising on the vesting of an award
made in 2019 under The Weir Group Share Reward Plan.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£20.359396 6,367
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
9 April 2024
f)
Place of the transaction
London Stock Exchange Main Market (XLON)
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
Transaction 1 - share vesting
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,
including dividend equivalent shares. 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, other
than a sale to cover the tax liabilities arising on vesting.
c) Price(s) and volume(s) Price(s) Volume(s)
£nil 4,076
d) Aggregated information N/A Single transaction
- Aggregated volume
- Price
e) Date of the transaction 9 April 2024
f) Place of the transaction Outside a trading venue
Transaction 2 - sale of shares to cover tax
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 Sale of ordinary shares to cover the tax arising on the vesting of an award
made in 2019 under The Weir Group Share Reward Plan.
c) Price(s) and volume(s) Price(s) Volume(s)
£20.359396 1,869
d) Aggregated information N/A Single transaction
- Aggregated volume
- Price
e) Date of the transaction 9 April 2024
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
9 April 2024
f)
Place of the transaction
Outside a trading venue
Transaction 2 - sale of shares to cover tax
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
Sale of ordinary shares to cover the tax arising on the vesting of an award
made in 2019 under The Weir Group Share Reward Plan.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£20.359396 1,869
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
9 April 2024
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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