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WEIR - Weir News Story

1311.5p -20.0  -1.5%

Last Trade - 18/09/20

Sector
Industrials
Size
Large Cap
Market Cap £3.40bn
Enterprise Value £4.58bn
Revenue £2.43bn
Position in Universe 201st / 1807

Weir Group PLC - Director/PDMR Shareholding

Fri 31st July, 2020 3:07pm
RNS Number : 8165U
Weir Group PLC
31 July 2020
 

31 July 2020

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 30 July 2020, the PDMR noted below was granted a restricted share award under The Weir Group Share Reward Plan.

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

Paula Cousins

2.

Reason for the notification

a)

Position/status

Chief Strategy and Sustainability 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

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

Grant of Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 8 April 2022, in respect of 25% of the Restricted Share Award; 8 April 2023, in respect of 25% of the Restricted Share Award; 8 April 2024, in respect of 25% of the Restricted Share Award; and 8 April 2025, in respect of 25% of the Restricted Share Award.

Following vesting there is a requirement to retain the vested shares (except for any shares sold to cover any applicable tax withholding requirement) for a period of two additional years (three years in respect of the proportion which vests in 2022) during which the PDMR is not entitled to sell the shares or otherwise deal with them. The Award is not subject to performance conditions. No consideration was paid for the grant of the award.

 c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil

2,968

d)

Aggregated information

-     Aggregated volume

-     Price

N/A

 

e)

Date of the transaction

30 July 2020

f)

Place of the transaction

Outside a trading venue

 

For further information, please contact:

 

Graham Vanhegan

Company Secretary

Telephone: 0141 308 3771


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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