Weir Group PLC Director/PDMR Shareholding (2525M)

TIDMWEIR

RNS Number : 2525M

Weir Group PLC

26 April 2018

26 April 2018

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 23 April 2018 the PDMR listed below exercised the restricted award granted to him 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 
---------------  ---------  ------------  -----------  ---------------  ---------- 
 David Paradis    9,204      526                9,730            2,377       7,353 
---------------  ---------  ------------  -----------  ---------------  ---------- 
 

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                                                     David Paradis 
----  --------------------------------  ----------------------------------------------------------- 
 2.    Reason for the notification 
----  --------------------------------------------------------------------------------------------- 
 a)    Position/status                                Division President of Weir Flow 
                                                                   Control 
----  --------------------------------  ----------------------------------------------------------- 
 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 award granted in 2015 
        the transaction                 and 2016 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) 
                                        ---------------  ----------  ---------- 
                                         David Paradis    GBP22.62    2,377 
                                        ---------------  ----------  ---------- 
----  ------------------------------  ------------------------------------------------------------- 
 d)         Aggregated                 N/A Single transaction 
             information 
              *    Aggregated volume 
 
 
              *    Price 
----  ------------------------------  ------------------------------------------------------------- 
 e)    Date of the                     23 April 2018 
        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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April 26, 2018 06:48 ET (10:48 GMT)