Weir Group PLC Director/PDMR Shareholding (7851X)

TIDMWEIR

RNS Number : 7851X

Weir Group PLC

01 May 2019

1 May 2019

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 29 April 2019 the PDMR listed below exercised the restricted award granted to him under The Weir Group PLC Long Term Incentive Plan 2014.

 
 PDMR              Shares vesting   Dividend      Total        Shares sold      Total shares 
                                     equivalent    shares       to cover         acquired 
                                     shares        exercised    tax liability 
                                     received 
 Paul Coppinger    39,433           2,252             41,685           10,176         31,509 
                  ---------------  ------------  -----------  ---------------  ------------- 
 

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                                                          Paul Coppinger 
      --------------------------------  ---------------------------------------------------------------------- 
 2.    Reason for the notification 
      -------------------------------------------------------------------------------------------------------- 
 a)    Position/status                                  Division President of Weir Oil and Gas 
      --------------------------------  ---------------------------------------------------------------------- 
 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 of                  Ordinary shares of 12.5p each fully paid 
        the financial                   GB0009465807 
        instrument, type 
        of instrument 
        Identification 
        code 
      ------------------------------  ------------------------------------------------------------------------ 
 b)    Nature of the                   Vesting of award granted in 2016 under 
        transaction                     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) 
                                         Paul Coppinger    GBP17.26    10,176 
                                                          ----------  ---------- 
      ------------------------------  ------------------------------------------------------------------------ 
 d)         Aggregated information     N/A Single transaction 
              *    Aggregated volume 
 
 
              *    Price 
      ------------------------------  ------------------------------------------------------------------------ 
 e)    Date of the transaction         29 April 2019 
      ------------------------------  ------------------------------------------------------------------------ 
 f)    Place of the transaction        London Stock Exchange Main Market (XLON) 
      ------------------------------  ------------------------------------------------------------------------ 
 
 

For further information, please contact:

Graham Vanhegan

Company Secretary

Telephone: [phone]

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May 01, 2019 09:43 ET (13:43 GMT)