REG - Weir Group PLC - Director/PDMR Shareholding

WeirAnnouncement

03/03/2025 14:00

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RNS Number : 1378Z  Weir Group PLC  03 March 2025

3 March 2025

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 first tranche of
various restricted share awards over ordinary shares in the Company under The
Weir Group Share Reward Plan that were granted in 2024 to Brian Puffer to
compensate him for incentive awards that he forfeited on leaving bp plc,
vested on 28 February 2025. The vested shares were subsequently released to
Brian Puffer on the same day, together with additional shares in respect of
dividend equivalent payments. A portion of the shares acquired by Brian Puffer
were then sold automatically to cover his 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
 Brian Puffer  20,441         342                                  20,783                 9,794                               10,989

 

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                                                                                                                                                       Brian Puffer
 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
 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 2024 under The Weir Group Share Reward Plan,
                                                                        including dividend equivalent shares.
  c)   Price(s) and volume(s)                                           Price(s)  Volume(s)
                                                                        £nil      20,783
 d)    Aggregated information                                           N/A Single transaction

       -     Aggregated volume

       -     Price
 e)    Date of the transaction                                          28 February 2025
 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 2024 under The Weir Group Share Reward Plan.
  c)   Price(s) and volume(s)                                           Price(s)  Volume(s)
                                                                        £24.14    9,794
 d)    Aggregated information                                           N/A Single transaction

       -     Aggregated volume

       -     Price
 e)    Date of the transaction                                          28 February 2025
 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

28 February 2025

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 2024 under The Weir Group Share Reward Plan.

 c)

Price(s) and volume(s)

 Price(s)  Volume(s)
 £24.14    9,794

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

28 February 2025

f)

Place of the transaction

London Stock Exchange Main Market (XLON)

 

For further information, please contact:

 

Jennifer Haddouk

Company Secretary

Telephone: 0141 637 7111

 

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