REG - Weir Group PLC - Director/PDMR Shareholding
RNS Number : 0355VWeir Group PLC09 April 20219 April 2021
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 8 April 2021, the PDMRs noted below were granted restricted share awards 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
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
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 2024, being the third anniversary of the date of grant, in respect of 50% of the Restricted Share Award; 8 April 2025, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2026, being the fifth anniversary of the date of grant, 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 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
48,422
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 April 2021
f)
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
John Heasley
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
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 2024, being the third anniversary of the date of grant, in respect of 50% of the Restricted Share Award; 8 April 2025, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2026, being the fifth anniversary of the date of grant, 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 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
23,855
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 April 2021
f)
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Ricardo Garib
2.
Reason for the notification
a)
Position/status
President of Weir Minerals Division
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 2024, being the third anniversary of the date of grant, in respect of 50% of the Restricted Share Award; 8 April 2025, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2026, being the fifth anniversary of the date of grant, 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 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
24,125
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 April 2021
f)
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Garry Fingland
2.
Reason for the notification
a)
Position/status
Chief Information 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 2024, being the third anniversary of the date of grant, in respect of 50% of the Restricted Share Award; 8 April 2025, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2026, being the fifth anniversary of the date of grant, 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 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
15,068
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 April 2021
f)
Place of the transaction
Outside a trading venue
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
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 2024, being the third anniversary of the date of grant, in respect of 50% of the Restricted Share Award; 8 April 2025, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2026, being the fifth anniversary of the date of grant, 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 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
14,625
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 April 2021
f)
Place of the transaction
Outside a trading venue
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
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 2024, being the third anniversary of the date of grant, in respect of 50% of the Restricted Share Award; 8 April 2025, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2026, being the fifth anniversary of the date of grant, 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 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
14,625
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 April 2021
f)
Place of the transaction
Outside a trading venue
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Andrew Neilson
2.
Reason for the notification
a)
Position/status
President of Weir ESCO Division
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 2024, being the third anniversary of the date of grant, in respect of 50% of the Restricted Share Award; 8 April 2025, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2026, being the fifth anniversary of the date of grant, 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 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
20,288
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 April 2021
f)
Place of the transaction
Outside a trading venue
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 2024, being the third anniversary of the date of grant, in respect of 50% of the Restricted Share Award; 8 April 2025, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 8 April 2026, being the fifth anniversary of the date of grant, 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 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
8,863
d)
Aggregated information
- Aggregated volume
- Price
N/A
e)
Date of the transaction
8 April 2021
f)
Place of the transaction
Outside a trading venue
For further information, please contact:
Graham Vanhegan
Company Secretary
Telephone: 0141 308 3771
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