Weir Group PLC Director/PDMR Shareholding
10 April 2024 - 3:14PM
RNS Regulatory News
RNS Number : 0762K
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 first tranche various restricted share awards
over ordinary shares in the Company that were made in 2021 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 acquisition of shares following the vesting
of the the share awards.
|
PDMR
|
Shares vested
|
Dividend equivalent shares received
|
Total shares received
|
Shares sold to cover tax liability
|
Total shares acquired
|
|
Rosemary McGinness
|
7,313
|
268
|
7,581
|
3,800
|
3,781
|
|
Andrew Neilson
|
10,144
|
375
|
10,519
|
5,273
|
5,246
|
|
Jon Stanton
|
24,211
|
897
|
25,108
|
11,830
|
13,278
|
|
Paula Cousins
|
4,432
|
162
|
4,594
|
2,303
|
2,291
|
|
Garry Fingland
|
7,534
|
277
|
7,811
|
3,915
|
3,896
|
|
Graham Vanhegan
|
7,313
|
268
|
7,581
|
3,508
|
4,073
|
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 2021 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
|
7,581
|
|
|
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 2021 under The Weir
Group Share Reward Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£20.359396
|
3,800
|
|
|
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 2021 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
|
10,519
|
|
|
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 2021 under The Weir
Group Share Reward Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£20.359396
|
5,273
|
|
|
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 2021 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
|
25,108
|
|
|
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 2021 under The Weir
Group Share Reward Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£20.359396
|
11,830
|
|
|
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 2021 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
|
4,594
|
|
|
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 2021 under The Weir
Group Share Reward Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£20.359396
|
2,303
|
|
|
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 2021 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
|
7,811
|
|
|
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 2021 under The Weir
Group Share Reward Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£20.359396
|
3,915
|
|
|
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 2021 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
|
7,581
|
|
|
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 2021 under The Weir
Group Share Reward Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£20.359396
|
3,508
|
|
|
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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END
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