Weir Group PLC Director/PDMR Shareholding (1551Q)

TIDMWEIR

RNS Number : 1551Q

Weir Group PLC

07 September 2017

7 September 2017

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 4 September 2017, Awards over ordinary 12.5 pence shares in the Company were granted under The Weir Group PLC Long Term Incentive Plan 2014 to the PDMR noted below.

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/                       Initial Notification 
        Amendment 
----  --------------------------------  ----------------------------------------- 
 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                     Ordinary shares of 12.5p each 
        of the financial                fully paid 
        instrument,                     GB0009465807 
        type of instrument 
        Identification 
        code 
----  ------------------------------  ------------------------------------------- 
 b)    Nature of                       1) Grant of Performance Share 
        the transaction                 Award under The Weir Group PLC 
                                        Long Term Incentive Plan 2014. 
                                        The Award is subject to performance 
                                        conditions. The vesting date 
                                        of the Award will be 7 September 
                                        2020. No consideration was paid 
                                        for the grant of the award. 
                                        2) Grant of Restricted Share 
                                        Award under The Weir Group PLC 
                                        Long Term Incentive Plan 2014. 
                                        The Award is not subject to performance 
                                        conditions. The vesting date 
                                        of the Award will be in two equal 
                                        tranches on 31 July 2018 and 
                                        31 July 2019. No consideration 
                                        was paid for the grant of the 
                                        award. 
----  ------------------------------  ------------------------------------------- 
  c)   Price(s) and                          Price(s)   Volume(s) 
        volume(s)                            ---------  ---------- 
                                          1        Nil      27,166 
                                             ---------  ---------- 
                                          2        Nil      12,802 
                                             ---------  ---------- 
----  ------------------------------  ------------------------------------------- 
 d)         Aggregated                  Price(s)    Volume(s) 
             information                ----------  ---------- 
              *    Aggregated volume           Nil      39,968 
                                        ----------  ---------- 
 
              *    Price 
----  ------------------------------  ------------------------------------------- 
 e)    Date of the                     4 September 2017 
        transaction 
----  ------------------------------  ------------------------------------------- 
 f)    Place of the                    Outside a trading venue 
        transaction 
----  ------------------------------  ------------------------------------------- 
 
 

For further information, please contact:

Christopher Morgan

Company Secretary

Telephone: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 07, 2017 11:03 ET (15:03 GMT)