Last checked at 11 Apr 2019 12:34
11 April 2019
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 2019, the PDMRs noted below were granted restricted share awards under The Weir Group Share Reward Plan.
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 Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 9 April 2021, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2022, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2023, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 9 April 2024, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award. Following vesting there is a requirement to retain the vested shares for a period of two additional years (three years in respect of the proportion which vests in 2021) during which the PDMR is not entitled to sell the shares or otherwise deal with them. The Award is not subject to performance conditions. No consideration was paid for the grant of the award. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price | N/A | |||||
e) | Date of the transaction | 9 April 2019 | |||||
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 Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 9 April 2021, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2022, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2023, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 9 April 2024, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award. Following vesting there is a requirement to retain the vested shares for a period of two additional years (three years in respect of the proportion which vests in 2021) during which the PDMR is not entitled to sell the shares or otherwise deal with them. The Award is not subject to performance conditions. No consideration was paid for the grant of the award. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price | N/A | |||||
e) | Date of the transaction | 9 April 2019 | |||||
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 | Grant of Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 9 April 2021, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2022, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2023, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 9 April 2024, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award. The Award is not subject to performance conditions. No consideration was paid for the grant of the award. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price | N/A | |||||
e) | Date of the transaction | 9 April 2019 | |||||
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 | Grant of Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 9 April 2021, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2022, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2023, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 9 April 2024, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award. The Award is not subject to performance conditions. No consideration was paid for the grant of the award. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price | N/A | |||||
e) | Date of the transaction | 9 April 2019 | |||||
f) | Place of the transaction | Outside a trading venue | |||||
1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||||
a) | Name | Jon Owens | |||||
2. | Reason for the notification | ||||||
a) | Position/status | Division President of ESCO | |||||
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 Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 9 April 2021, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2022, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2023, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 9 April 2024, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award. The Award is not subject to performance conditions. No consideration was paid for the grant of the award. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price | N/A
| |||||
e) | Date of the transaction | 9 April 2019 | |||||
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 | Grant of Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 9 April 2021, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2022, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2023, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 9 April 2024, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award. The Award is not subject to performance conditions. No consideration was paid for the grant of the award. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price | N/A | |||||
e) | Date of the transaction | 9 April 2019 | |||||
f) | Place of the transaction | Outside a trading venue | |||||
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 | ||||||
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 Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 9 April 2021, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2022, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2023, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 9 April 2024, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award. The Award is not subject to performance conditions. No consideration was paid for the grant of the award. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price | N/A | |||||
e) | Date of the transaction | 9 April 2019 | |||||
f) | Place of the transaction | Outside a trading venue | |||||
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 | Grant of Restricted Share Award under The Weir Group Share Reward Plan. The vesting dates of the Award are 9 April 2021, being the second anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2022, being the third anniversary of the date of grant, in respect of 25% of the Restricted Share Award; 9 April 2023, being the fourth anniversary of the date of grant, in respect of 25% of the Restricted Share Award; and 9 April 2024, being the fifth anniversary of the date of grant, in respect of 25% of the Restricted Share Award. The Award is not subject to performance conditions. No consideration was paid for the grant of the award.
| |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price | N/A | |||||
e) | Date of the transaction | 9 April 2019 | |||||
f) | Place of the transaction | Outside a trading venue | |||||
For further information, please contact:
Graham Vanhegan
Company Secretary
Telephone: 0141 308 3771