Weir Group PLC Director/PDMR Shareholding (8165U)

TIDMWEIR

RNS Number : 8165U

Weir Group PLC

31 July 2020

31 July 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 July 2020, the PDMR noted below was granted a restricted share award under The Weir Group Share Reward Plan.

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                                              Paula Cousins 
      --------------------------------  ----------------------------------------------- 
 2.    Reason for the notification 
      --------------------------------------------------------------------------------- 
 a)    Position/status                     Chief Strategy and Sustainability 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 of                  Ordinary shares of 12.5p each fully paid 
        the financial                   GB0009465807 
        instrument, type 
        of instrument 
        Identification 
        code 
      ------------------------------  ------------------------------------------------- 
 b)    Nature of the                   Grant of Restricted Share Award under The 
        transaction                     Weir Group Share Reward Plan. The vesting 
                                        dates of the Award are 8 April 2022, in 
                                        respect of 25% of the Restricted Share 
                                        Award; 8 April 2023, in respect of 25% 
                                        of the Restricted Share Award; 8 April 
                                        2024, in respect of 25% of the Restricted 
                                        Share Award; and 8 April 2025, in respect 
                                        of 25% of the Restricted Share Award. 
                                        Following vesting there is a requirement 
                                        to retain the vested shares (except for 
                                        any shares sold to cover any applicable 
                                        tax withholding requirement) for a period 
                                        of two additional years (three years in 
                                        respect of the proportion which vests in 
                                        2022) during which the PDMR is not entitled 
                                        to sell the shares or otherwise deal with 
                                        them. The Award is not subject to performance 
                                        conditions. No consideration was paid for 
                                        the grant of the award. 
      ------------------------------  ------------------------------------------------- 
  c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                          Nil             2,968 
                                                     ---------- 
      ------------------------------  ------------------------------------------------- 
 d)         Aggregated information     N/A 
              *    Aggregated volume 
 
 
              *    Price 
      ------------------------------  ------------------------------------------------- 
 e)    Date of the transaction         30 July 2020 
      ------------------------------  ------------------------------------------------- 
 f)    Place of the transaction        Outside a trading venue 
      ------------------------------  ------------------------------------------------- 
 
 

For further information, please contact:

Graham Vanhegan

Company Secretary

Telephone: [phone]

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July 31, 2020 10:07 ET (14:07 GMT)