Director/PDMR Shareholding

RNS Number : 6369I
Weir Group PLC
02 April 2020
 

2 April 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 March 2020 the PDMR listed below exercised the performance 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

Ricardo Garib

22,958

4,210

27,168

0

27,168

 

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

 

Ricardo Garib

 

2.

Reason for the notification

a)

Position/status

Divisional President, 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

Vesting of award granted in 2017 under The Weir Group PLC Long Term Incentive Plan 2014. 

 

 c)

Price(s) and volume(s)

The shares sold to cover the tax liability arising from the vesting were disposed of at the price noted below:

PDMR

Price(s)

Volume(s)

Ricardo Garib

-

-

d)

Aggregated information

-  Aggregated volume

-  Price

N/A Single transaction

e)

Date of the transaction

30 March 2020

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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END
 
 
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Weir Group (WEIR)
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