Director/PDMR Shareholding

Weir Group PLC

10 April 2024

 

10 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 third tranche of various restricted share awards over ordinary shares in the Company that were made in 2020 under The Weir Group Share Reward Plan vested on 8 April 2024 and were subsequently released to each of the PDMRs listed below on the same day, together with additional shares in respect of dividend equivalent payments. A portion of the shares acquired by each of the PDMRs was then sold automatically to cover each PDMR's tax liability in respect of the acquisition of shares following the vesting of the share awards.

PDMR	Shares vested	Dividend equivalent shares received	Total shares received	Shares sold to cover tax liability	Total shares acquired
Rosemary McGinness	7,120	261	7,381	3,700	3,681
Andrew Neilson	9,958	368	10,326	5,176	5,150
Jon Stanton	23,754	879	24,633	11,607	13,026
Paula Cousins	4,976	180	5,156	2,585	2,571
Garry Fingland	7,394	272	7,666	3,843	3,823
Graham Vanhegan	7,170	265	7,435	3,420	4,015

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		Rosemary McGinness
2.	Reason for the notification
a)	Position/status		Chief People 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
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 2020 under The Weir Group Share Reward Plan, including dividend equivalent shares. Following vesting there is a requirement to retain the vested shares for a period of two additional years during which the PDMR is not entitled to sell the shares or otherwise deal with them, other than a sale to cover the tax liabilities arising on vesting.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 7,381
d)	Aggregated information -     Aggregated volume -     Price	N/A Single transaction
e)	Date of the transaction	8 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 2020 under The Weir Group Share Reward Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £20.359396 3,700
d)	Aggregated information -     Aggregated volume -     Price	N/A Single transaction
e)	Date of the transaction	8 April 2024
f)	Place of the transaction	London Stock Exchange Main Market (XLON)

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Andrew Neilson
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 2020 under The Weir Group Share Reward Plan. Following vesting there is a requirement to retain the vested shares for a period of two additional years during which the PDMR is not entitled to sell the shares or otherwise deal with them, other than a sale to cover the tax liabilities arising on vesting.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 10,326
d)	Aggregated information -     Aggregated volume -     Price	N/A Single transaction
e)	Date of the transaction	8 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 2020 under The Weir Group Share Reward Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £20.359396 5,176
d)	Aggregated information -     Aggregated volume -     Price	N/A Single transaction
e)	Date of the transaction	8 April 2024
f)	Place of the transaction	London Stock Exchange Main Market (XLON)

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
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 2020 under The Weir Group Share Reward Plan. Following vesting there is a requirement to retain the vested shares for a period of two additional years during which the PDMR is not entitled to sell the shares or otherwise deal with them, other than a sale to cover the tax liabilities arising on vesting.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 24,633
d)	Aggregated information -     Aggregated volume -     Price	N/A Single transaction
e)	Date of the transaction	8 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 2020 under The Weir Group Share Reward Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £20.359396 11,607
d)	Aggregated information -     Aggregated volume -     Price	N/A Single transaction
e)	Date of the transaction	8 April 2024
f)	Place of the transaction	London Stock Exchange Main Market (XLON)

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Paula Cousins
2.	Reason for the notification
a)	Position/status		Chief Strategy & Sustainability 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
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 2020 under The Weir Group Share Reward Plan. Following vesting there is a requirement to retain the vested shares for a period of two additional years during which the PDMR is not entitled to sell the shares or otherwise deal with them, other than a sale to cover the tax liabilities arising on vesting.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 5,156
d)	Aggregated information -     Aggregated volume -     Price	N/A Single transaction
e)	Date of the transaction	8 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 2020 under The Weir Group Share Reward Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £20.359396 2,585
d)	Aggregated information -     Aggregated volume -     Price	N/A Single transaction
e)	Date of the transaction	8 April 2024
f)	Place of the transaction	London Stock Exchange Main Market (XLON)

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Garry Fingland
2.	Reason for the notification
a)	Position/status		Chief Information 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
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 2020 under The Weir Group Share Reward Plan. Following vesting there is a requirement to retain the vested shares for a period of two additional years during which the PDMR is not entitled to sell the shares or otherwise deal with them, other than a sale to cover the tax liabilities arising on vesting.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 7,666
d)	Aggregated information -     Aggregated volume Price	N/A Single transaction
e)	Date of the transaction	8 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 2020 under The Weir Group Share Reward Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £20.359396 3,843
d)	Aggregated information -     Aggregated volume -     Price	N/A Single transaction
e)	Date of the transaction	8 April 2024
f)	Place of the transaction	London Stock Exchange Main Market (XLON)

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
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 2020 under The Weir Group Share Reward Plan. Following vesting there is a requirement to retain the vested shares for a period of two additional years during which the PDMR is not entitled to sell the shares or otherwise deal with them, other than a sale to cover the tax liabilities arising on vesting.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 7,435
d)	Aggregated information -     Aggregated volume Price	N/A Single transaction
e)	Date of the transaction	8 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 2020 under The Weir Group Share Reward Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £20.359396 3,420
d)	Aggregated information -     Aggregated volume -     Price	N/A Single transaction
e)	Date of the transaction	8 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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