Weir Group PLC Director/PDMR Shareholding (7572E)

TIDMWEIR

RNS Number : 7572E

Weir Group PLC

10 May 2017

10 May 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 8 May 2017 the PDMRs listed below exercised the restricted awards granted to them under The Weir Group PLC Long Term Incentive Plan 2014.

 
 PDMR              Shares     Dividend      Total        Shares           Total 
                    vesting    equivalent    shares       sold to          shares 
                               shares        exercised    cover            acquired 
                               received                   tax liability 
----------------  ---------  ------------  -----------  ---------------  ---------- 
 Paul Coppinger       4,440           320        4,760            1,306       3,454 
----------------  ---------  ------------  -----------  ---------------  ---------- 
 David Paradis          866            62          928              247         681 
----------------  ---------  ------------  -----------  ---------------  ---------- 
 

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 
                                                                 David Paradis 
----  --------------------------------  ------------------------------------------------------------ 
 2.    Reason for the notification 
----  ---------------------------------------------------------------------------------------------- 
 a)    Position/status                                              PDMR 
----  --------------------------------  ------------------------------------------------------------ 
 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                       Vesting of awards granted in 
        the transaction                 2014 under The Weir Group PLC 
                                        Long Term Incentive Plan 2014. 
----  ------------------------------  -------------------------------------------------------------- 
  c)   Price(s) and                    The shares sold to cover the 
        volume(s)                       tax liability arising from the 
                                        vesting were disposed of at the 
                                        price noted below: PDMR              Price(s)    Volume(s) 
                                        ----------------  ----------  ---------- 
                                         Paul Coppinger    GBP18.73    1,306 
                                        ----------------  ----------  ---------- 
                                         David Paradis     GBP18.73    247 
                                        ----------------  ----------  ---------- 
----  ------------------------------  -------------------------------------------------------------- 
 d)         Aggregated                 N/A Single transaction 
             information 
              *    Aggregated volume 
 
 
              *    Price 
----  ------------------------------  -------------------------------------------------------------- 
 e)    Date of the                     8 May 2017 
        transaction 
----  ------------------------------  -------------------------------------------------------------- 
 f)    Place of the                    London Stock Exchange Main Market 
        transaction                     (XLON) 
----  ------------------------------  -------------------------------------------------------------- 
 
 

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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May 10, 2017 09:52 ET (13:52 GMT)