Source - LSE Regulatory
RNS Number : 3311V
Weir Group PLC
13 April 2021
 

13 April 2021

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 9 April 2021 the PDMR listed below exercised the restricted award granted to him under The Weir Group Share Reward Plan.

 

PDMR 

Shares vesting

Dividend equivalent shares received

Total shares exercised

Shares sold to cover tax liability

Total shares acquired

Graham Vanhegan

3,654

95

3,749

1,399

2,350

 

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

Graham Vanhegan

2.

Reason for the notification

a)

Position/status

Chief Legal Officer and Company Secretary

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

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 2019 under The Weir Group Share Reward Plan. 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 three 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)

£18.5917

1,399

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

9 April 2021

f)

Place of the transaction

London Stock Exchange Main Market (XLON)

 

For further information, please contact:

 

Graham Vanhegan

Company Secretary

Telephone: 0141 308 3771

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