8 Sep 2017 16:30
8 September 2017
The Weir Group PLC
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Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them
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The Weir Group PLC (the "Company") hereby announces that on 7 September 2017 the PDMR listed below exercised the restricted award granted to him under The Weir Group PLC Long Term Incentive Plan 2014.
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PDMRΒ | Shares vesting | Dividend equivalent shares received | Total shares exercised | Shares sold to cover tax liability | Total shares acquired |
Christopher Morgan | 960 | 23 | 983 | 464 | 519 |
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This notification relates to a transaction notified in accordance with the Market Abuse Regulation, further details below:
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1. | Details of the person discharging managerial responsibilities/ person closely associated | ||||||||
a) | Name | Β Christopher Morgan Β | |||||||
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 Β
GB0009465807 Β | |||||||
b) | Nature of the transaction | Vesting of award granted in 2016 under The Weir Group PLC Long Term Incentive Plan 2014.Β Β | |||||||
Β 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:
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d) | Aggregated information - Aggregated volume - Price | N/A Single transaction | |||||||
e) | Date of the transaction | 7 September 2017 | |||||||
f) | Place of the transaction | London Stock Exchange Main Market (XLON) | |||||||
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For further information, please contact:
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Christopher Morgan
Company Secretary
Telephone: 0141 308 3771
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