Director/PDMR Shareholding
15th Apr 2024 16:19
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) |
| ||||||
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) |
| ||||||
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