Weir Group PLC Director/PDMR Shareholding (3331I)

TIDMWEIR

RNS Number : 3331I

Weir Group PLC

01 December 2022

1 December 2022

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 3 May 2022 the PDMR listed below exercised the restricted award granted to him under The Weir Group Share Reward Plan.

 
 PDMR           Shares     Dividend      Total        Shares       Total shares 
                 vesting    equivalent    shares       sold to      acquired 
                            shares        exercised    cover tax 
                            received                   liability 
 Jon Stanton    9,618      517           10,135       4,903        5,232 
               ---------  ------------  -----------  -----------  ------------- 
 

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                                                   Jon Stanton 
      --------------------------------  ------------------------------------------------------ 
 2.    Reason for the notification 
      ---------------------------------------------------------------------------------------- 
 a)    Position/status                                  Chief Executive 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 
        instrument, type 
        of instrument                   GB0009465807 
        Identification 
        code 
      ------------------------------  -------------------------------------------------------- 
 b)    Nature of the                   Vesting of award granted in 2018 under 
        transaction                     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. 
      ------------------------------  -------------------------------------------------------- 
  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: Price(s)      Volume(s) 
                                         GBP14.9225        4,903 
                                                      ---------- 
      ------------------------------  -------------------------------------------------------- 
 d)         Aggregated information     N/A Single transaction 
              *    Aggregated volume 
 
 
              *    Price 
      ------------------------------  -------------------------------------------------------- 
 e)    Date of the transaction         3 May 2022 
      ------------------------------  -------------------------------------------------------- 
 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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December 01, 2022 11:48 ET (16:48 GMT)