Weir Group PLC Director/PDMR Shareholding

RNS Number : 6811K

Weir Group PLC

15 April 2024

 

15 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 second tranche of restricted share awards over ordinary shares in the Company that were made in 2022 under The Weir Group Share Reward Plan vested on 11 April 2024 and were subsequently released to the PDMR listed below on the same day, together with additional shares in respect of dividend equivalent payments. A portion of the shares acquired by the PDMR were then sold automatically to cover the PDMR's tax liability in respect of acquisition of shares following the vesting of the share awards.

 

PDMR	Shares vesting	Dividend equivalent shares received	Total shares exercised	Shares sold to cover tax liability	Total shares acquired
Sean Fitzgerald	7,464	133	7,597	2,822	4,775

 

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		Sean Fitzgerald
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 2022 under The Weir Group Share Reward Plan, including dividend equivalent shares.
c)	Price(s) and volume(s)		Price(s) Volume(s) £nil 7,597
d)	Aggregated information -     Aggregated volume -     Price		N/A Single transaction
e)	Date of the transaction		11 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 2022 under The Weir Group Share Reward Plan.
c)	Price(s) and volume(s)		Price(s) Volume(s) £20.40 2,822
d)	Aggregated information -     Aggregated volume -     Price		N/A Single transaction
e)	Date of the transaction		11 April 2024
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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