RNS Number : 6811K
Weir Group PLC
15 April 2024
 

15 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 second tranche of restricted share awards over ordinary shares in the Company that were made in 2022 under The Weir Group Share Reward Plan vested on 11 April 2024 and were subsequently released to the PDMR listed below on the same day, together with additional shares in respect of dividend equivalent payments. A portion of the shares acquired by the PDMR were then sold automatically to cover the PDMR's tax liability in respect of acquisition of shares following the vesting of the share awards.

 

PDMR 

Shares vesting

Dividend equivalent shares received

Total shares exercised

Shares sold to cover tax liability

Total shares acquired

Sean Fitzgerald

7,464

133

7,597

2,822

4,775

 

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

Sean Fitzgerald

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 2022 under The Weir Group Share Reward Plan, including dividend equivalent shares.

 c)

Price(s) and volume(s)

Price(s)

Volume(s)

£nil

7,597

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

11 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 2022 under The Weir Group Share Reward Plan.

 c)

Price(s) and volume(s)

Price(s)

Volume(s)

£20.40

2,822

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

11 April 2024

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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