REG - Weir Group PLC - Director/PDMR Shareholding

WeirAnnouncement

15/04/2024 16:30

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RNS Number : 6811K  Weir Group PLC  15 April 2024

15 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 second tranche of
restricted share awards over ordinary shares in the Company that were made in
2022 under The Weir Group Share Reward Plan vested on 11 April 2024 and were
subsequently released to the PDMR listed below on the same day, together with
additional shares in respect of dividend equivalent payments. A portion of the
shares acquired by the PDMR were then sold automatically to cover the PDMR's
tax liability in respect of acquisition of shares following the vesting of the
share awards.

 

 PDMR             Shares vesting  Dividend equivalent shares received  Total shares exercised  Shares sold to cover tax liability  Total shares acquired
 Sean Fitzgerald  7,464           133                                  7,597                   2,822                               4,775

 

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                                                                                                                        Sean Fitzgerald
 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 2022 under The Weir Group Share Reward Plan,
                                                                           including dividend equivalent shares.
  c)   Price(s) and volume(s)                                              Price(s)  Volume(s)
                                                                           £nil      7,597
 d)    Aggregated information                                              N/A Single transaction

       -     Aggregated volume

       -     Price
 e)    Date of the transaction                                             11 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 2022 under The Weir Group Share Reward Plan.
  c)   Price(s) and volume(s)                                              Price(s)  Volume(s)
                                                                           £20.40    2,822
 d)    Aggregated information                                              N/A Single transaction

       -     Aggregated volume

       -     Price
 e)    Date of the transaction                                             11 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

11 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 2022 under The Weir Group Share Reward Plan.

 c)

Price(s) and volume(s)

 Price(s)  Volume(s)
 £20.40    2,822

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

11 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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