Director/PDMR Shareholding

RNS Number : 0793N

Weir Group PLC

03 May 2018

 

3 May 2018

The Weir Group PLC

LEI Number: 549300KDR56WHY9I3D10

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 April 2018, 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 30 April 2020, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2021, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2022, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 30 April 2023, 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 for a period of two additional years (three years in respect of the proportion which vests in 2020) 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 38,473
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	30 April 2018
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 30 April 2020, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2021, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2022, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 30 April 2023, 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 for a period of two additional years (three years in respect of the proportion which vests in 2020) 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 18,940
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	30 April 2018
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		Division President of Weir Minerals
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 30 April 2020, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2021, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2022, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 30 April 2023, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award. 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 22,425
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	30 April 2018
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Paul Coppinger
2.	Reason for the notification
a)	Position/status		Division President of Weir Oil & Gas
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 30 April 2020, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2021, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2022, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 30 April 2023, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award. 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 19,525
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	30 April 2018
f)	Place of the transaction	Outside a trading venue

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 of 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	Grant of Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 30 April 2020, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2021, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2022, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 30 April 2023, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award. 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 14,721
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	30 April 2018
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Geetha Dabir
2.	Reason for the notification
a)	Position/status		Chief Technology 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 30 April 2020, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2021, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2022, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 30 April 2023, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award. 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 10,227
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	30 April 2018
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 30 April 2020, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2021, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2022, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 30 April 2023, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award. 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 11,506
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	30 April 2018
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	a.)  Grant of Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 30 April 2020, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2021, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 30 April 2022, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 30 April 2023, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award. The Award is not subject to performance conditions. No consideration was paid for the grant of the award. b.)  Grant of Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 30 April 2019, being the first anniversary of the date of grant, in respect of 1/3 of the Restricted Share Award; 30 April 2020, being the second anniversary of the date of grant, in respect of 1/3 of the Restricted Share Award; 30 April 2021, being the third anniversary of the date of grant, in respect of 1/3 of the Restricted Share Award. 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) a.)  Nil 11,607 b.)  Nil 12,897
d)	Aggregated information -     Aggregated volume -     Price	Price(s) Volume(s) Nil 24,504
e)	Date of the transaction	30 April 2018
f)	Place of the transaction	Outside a trading venue

For further information, please contact:

Graham Vanhegan

Company Secretary

Telephone: [phone]

 

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