RNS Number : 0757K
Weir Group PLC
10 April 2024
 

10 April 2024

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 the third tranche of various restricted share awards over ordinary shares in the Company that were made in 2020 under The Weir Group Share Reward Plan vested on 8 April 2024 and were subsequently released to each of the PDMRs listed below on the same day, together with additional shares in respect of dividend equivalent payments. A portion of the shares acquired by each of the PDMRs was then sold automatically to cover each PDMR's tax liability in respect of the acquisition of shares following the vesting of the share awards.

 

PDMR 

Shares vested

Dividend equivalent shares received

Total shares received

Shares sold to cover tax liability

Total shares acquired

Rosemary McGinness

7,120

261

7,381

3,700

3,681

Andrew Neilson

9,958

368

10,326

5,176

5,150

Jon Stanton

23,754

879

24,633

11,607

13,026

Paula Cousins

4,976

180

5,156

2,585

2,571

Garry Fingland

7,394

272

7,666

3,843

3,823

Graham Vanhegan

7,170

265

7,435

3,420

4,015

 

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

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

Transaction 1 - share vesting

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 2020 under The Weir Group Share Reward Plan, including dividend equivalent shares. Following vesting there is a requirement to retain the vested shares for a period of two additional years during which the PDMR is not entitled to sell the shares or otherwise deal with them, other than a sale to cover the tax liabilities arising on vesting.

 c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

7,381

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

8 April 2024

f)

Place of the transaction

Outside a trading venue

Transaction 2 - sale of shares to cover tax

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

Sale of ordinary shares to cover the tax arising on the vesting of an award made in 2020 under The Weir Group Share Reward Plan.

 c)

Price(s) and volume(s)

Price(s)

Volume(s)

£20.359396

3,700

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

8 April 2024

f)

Place of the transaction

London Stock Exchange Main Market (XLON)

 

 

 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Andrew Neilson

2.

Reason for the notification

a)

Position/status

Division President

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

Transaction 1 - share vesting

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 2020 under The Weir Group Share Reward Plan. Following vesting there is a requirement to retain the vested shares for a period of two additional years during which the PDMR is not entitled to sell the shares or otherwise deal with them, other than a sale to cover the tax liabilities arising on vesting.

 c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

10,326

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

8 April 2024

f)

Place of the transaction

Outside a trading venue

Transaction 2 - sale of shares to cover tax

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

Sale of ordinary shares to cover the tax arising on the vesting of an award made in 2020 under The Weir Group Share Reward Plan.

 c)

Price(s) and volume(s)

Price(s)

Volume(s)

£20.359396

5,176

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

8 April 2024

f)

Place of the transaction

London Stock Exchange Main Market (XLON)

 

 

 

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

Transaction 1 - share vesting

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 2020 under The Weir Group Share Reward Plan. Following vesting there is a requirement to retain the vested shares for a period of two additional years during which the PDMR is not entitled to sell the shares or otherwise deal with them, other than a sale to cover the tax liabilities arising on vesting.

 c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

24,633

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

8 April 2024

f)

Place of the transaction

Outside a trading venue

Transaction 2 - sale of shares to cover tax

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

Sale of ordinary shares to cover the tax arising on the vesting of an award made in 2020 under The Weir Group Share Reward Plan.

 c)

Price(s) and volume(s)

Price(s)

Volume(s)

£20.359396

11,607

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

8 April 2024

f)

Place of the transaction

London Stock Exchange Main Market (XLON)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 & 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

Transaction 1 - share vesting

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 2020 under The Weir Group Share Reward Plan. Following vesting there is a requirement to retain the vested shares for a period of two additional years during which the PDMR is not entitled to sell the shares or otherwise deal with them, other than a sale to cover the tax liabilities arising on vesting.

 c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

5,156

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

8 April 2024

f)

Place of the transaction

Outside a trading venue

Transaction 2 - sale of shares to cover tax

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

Sale of ordinary shares to cover the tax arising on the vesting of an award made in 2020 under The Weir Group Share Reward Plan.

 c)

Price(s) and volume(s)

Price(s)

Volume(s)

£20.359396

2,585

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

8 April 2024

f)

Place of the transaction

London Stock Exchange Main Market (XLON)

 

 

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

Transaction 1 - share vesting

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 2020 under The Weir Group Share Reward Plan. Following vesting there is a requirement to retain the vested shares for a period of two additional years during which the PDMR is not entitled to sell the shares or otherwise deal with them, other than a sale to cover the tax liabilities arising on vesting.

 c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

7,666

d)

Aggregated information

-     Aggregated volume

Price

N/A Single transaction

e)

Date of the transaction

8 April 2024

f)

Place of the transaction

Outside a trading venue

Transaction 2 - sale of shares to cover tax

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

Sale of ordinary shares to cover the tax arising on the vesting of an award made in 2020 under The Weir Group Share Reward Plan.

 c)

Price(s) and volume(s)

Price(s)

Volume(s)

£20.359396

3,843

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

8 April 2024

f)

Place of the transaction

London Stock Exchange Main Market (XLON)

 

 

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

Transaction 1 - share vesting

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 2020 under The Weir Group Share Reward Plan. Following vesting there is a requirement to retain the vested shares for a period of two additional years during which the PDMR is not entitled to sell the shares or otherwise deal with them, other than a sale to cover the tax liabilities arising on vesting.

 c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

7,435

d)

Aggregated information

-     Aggregated volume

Price

N/A Single transaction

e)

Date of the transaction

8 April 2024

f)

Place of the transaction

Outside a trading venue

Transaction 2 - sale of shares to cover tax

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

Sale of ordinary shares to cover the tax arising on the vesting of an award made in 2020 under The Weir Group Share Reward Plan.

 c)

Price(s) and volume(s)

Price(s)

Volume(s)

£20.359396

3,420

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

8 April 2024

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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