Director/PDMR Shareholding

RNS Number : 3948B

Weir Group PLC

03 April 2017

 

3 April 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 29 March 2017, Awards over ordinary 12.5 pence shares in the Company were granted under The Weir Group PLC Long Term Incentive Plan 2014 to the PDMRs noted below.

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/ 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	Grant of Performance Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 87,038
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	29 March 2017
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		John Heasley
2.	Reason for the notification
a)	Position/status		Chief Financial Officer
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	Grant of Performance Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 42,849
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	29 March 2017
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Andrew Neilson
2.	Reason for the notification
a)	Position/status		Director of Strategy and Corporate Affairs
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	Grant of Performance Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 28,778
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	29 March 2017
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Ricardo Garib
2.	Reason for the notification
a)	Position/status		Division President of Weir Minerals
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	1) Grant of Performance Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award. 2) Grant of Restricted Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is not subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
c)	Price(s) and volume(s)	Price(s) Volume(s) 1 Nil 51,018 2 Nil 12,000
d)	Aggregated information -     Aggregated volume -     Price	Price(s) Volume(s) Nil 63,018
e)	Date of the transaction	29 March 2017
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Paul Coppinger
2.	Reason for the notification
a)	Position/status		Division President of Weir Oil & Gas
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	1) Grant of Performance Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award. 2) Grant of Restricted Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is not subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
c)	Price(s) and volume(s)	Price(s) Volume(s) 1 Nil 24,332 2 Nil 14,599
d)	Aggregated information -     Aggregated volume -     Price	Price(s) Volume(s) Nil 38,931
e)	Date of the transaction	29 March 2017
f)	Place of the transaction	Outside a trading venue

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/ 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	1) Grant of Performance Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award. 2) Grant of Restricted Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is not subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
c)	Price(s) and volume(s)	Price(s) Volume(s) 1 Nil 18,346 2 Nil 11,007
d)	Aggregated information -     Aggregated volume -     Price	Price(s) Volume(s) Nil 29,353
e)	Date of the transaction	29 March 2017
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Geetha Dabir
2.	Reason for the notification
a)	Position/status		Chief Technology Officer
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	1) Grant of Performance Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award. 2) Grant of Restricted Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is not subject to performance conditions. The vesting date of the Award will be 29 March 2020, being the third anniversary of the Award date. No consideration was paid for the grant of the award.
c)	Price(s) and volume(s)	Price(s) Volume(s) 1 Nil 12,745 2 Nil 7,647
d)	Aggregated information -     Aggregated volume -     Price	Price(s) Volume(s) Nil 20,392
e)	Date of the transaction	29 March 2017
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Christopher Morgan
2.	Reason for the notification
a)	Position/status		Company Secretary and General Counsel
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	Restricted Share Award under The Weir Group PLC Long Term Incentive Plan 2014. The Award is not subject to performance conditions. The vesting date of the Award will be in three equal tranches on 29 March 2018, 29 March 2019 and 29 March 2020. No consideration was paid for the grant of the award.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 6,813
d)	Aggregated information -     Aggregated volume -     Price	N/A
e)	Date of the transaction	29 March 2017
f)	Place of the transaction	Outside a trading venue

For further information, please contact:

Christopher Morgan

Company Secretary

Telephone: [phone]

 

END

 

 

DSHIJMBTMBAMBAR