REG - Weir Group PLC - Director/PDMR Shareholding

WeirAnnouncement

19/03/2019 15:00

RNS Number : 3431T
Weir Group PLC
19 March 2019
 


19 March 2019
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 18 March 2019 the PDMR listed below exercised an award granted to him under The Weir Group PLC Long Term Incentive Plan 2014.
 



PDMR 


Shares vesting


Dividend equivalent shares received


Total shares exercised


Shares sold to cover tax liability


Total shares acquired




David Paradis


4,867


409


5,276


1,288


3,988



 
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


 
David Paradis
 




2.


Reason for the notification




a)


Position/status


Division President Weir Flow Control




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
                      Identification code


Ordinary shares of 12.5p each fully paid
 
                                                                                       
GB0009465807
 




b)


Nature of the transaction


1.   The acquisition of 3,988 shares following the vesting of an award granted under The Weir Group PLC Long Term Incentive Plan 2014. 
 
2.   Sale of 1,288 ordinary shares to cover the tax liability arising from the vesting.
 




 


Price(s) and volume(s)


 



 


Price(s)


Volume(s)




1.  


nil


3,988




2.  


£16.077332


1,288



 
 




d)


Aggregated information
-     Aggregated volume
-     Price


N/A




e)


Date of the transaction


18 March 2019




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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