TIDMWEIR
RNS Number : 4416J
Weir Group PLC
09 April 2020
9 April 2020
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 8
April 2020, 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/ Initial Notification
Amendment
-------------------------------- --------------------------------------------------
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 Ordinary shares of 12.5p each fully paid
the financial GB0009465807
instrument, type
of instrument
Identification
code
------------------------------ ----------------------------------------------------
b) Nature of the Grant of Restricted Share Award under The
transaction Weir Group Share Reward Plan. The vesting
dates of the Award are 8 April 2022, being
the second anniversary of the date of grant,
in respect of 25% of the Restricted Share
Award; 8 April 2023, being the third anniversary
of the date of grant, in respect of 25%
of the Restricted Share Award; 8 April
2024, being the fourth anniversary of the
date of grant, in respect of 25% of the
Restricted Share Award; and 8 April 2025,
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 (except for
any shares sold to cover any applicable
tax withholding requirement) for a period
of two additional years (three years in
respect of the proportion which vests in
2022) 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) Price(s) Volume(s)
Nil 108,802
----------
------------------------------ ----------------------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Price
------------------------------ ----------------------------------------------------
e) Date of the transaction 8 April 2020
------------------------------ ----------------------------------------------------
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/ Initial Notification
Amendment
-------------------------------- --------------------------------------------------
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 Ordinary shares of 12.5p each fully paid
the financial GB0009465807
instrument, type
of instrument
Identification
code
------------------------------ ----------------------------------------------------
b) Nature of the Grant of Restricted Share Award under The
transaction Weir Group Share Reward Plan. The vesting
dates of the Award are 8 April 2022, being
the second anniversary of the date of grant,
in respect of 25% of the Restricted Share
Award; 8 April 2023, being the third anniversary
of the date of grant, in respect of 25%
of the Restricted Share Award; 8 April
2024, being the fourth anniversary of the
date of grant, in respect of 25% of the
Restricted Share Award; and 8 April 2025,
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 (except for
any shares sold to cover any applicable
tax withholding requirement) for a period
of two additional years (three years in
respect of the proportion which vests in
2022) 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) Price(s) Volume(s)
Nil 53,602
----------
------------------------------ ----------------------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Price
------------------------------ ----------------------------------------------------
e) Date of the transaction 8 April 2020
------------------------------ ----------------------------------------------------
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 President of Weir Minerals Division
-------------------------------- --------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
-------------------------------- --------------------------------------------------
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 Ordinary shares of 12.5p each fully paid
the financial GB0009465807
instrument, type
of instrument
Identification
code
------------------------------ ----------------------------------------------------
b) Nature of the Grant of Restricted Share Award under The
transaction Weir Group Share Reward Plan. The vesting
dates of the Award are 8 April 2022, being
the second anniversary of the date of grant,
in respect of 25% of the Restricted Share
Award; 8 April 2023, being the third anniversary
of the date of grant, in respect of 25%
of the Restricted Share Award; 8 April
2024, being the fourth anniversary of the
date of grant, in respect of 25% of the
Restricted Share Award; and 8 April 2025,
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 (except for
any shares sold to cover any applicable
tax withholding requirement) for a period
of two additional years (three years in
respect of the proportion which vests in
2022) 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) Price(s) Volume(s)
Nil 50,706
----------
------------------------------ ----------------------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Price
------------------------------ ----------------------------------------------------
e) Date of the transaction 8 April 2020
------------------------------ ----------------------------------------------------
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 President of Weir Oil & Gas Division
-------------------------------- --------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
-------------------------------- --------------------------------------------------
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 Ordinary shares of 12.5p each fully paid
the financial GB0009465807
instrument, type
of instrument
Identification
code
------------------------------ ----------------------------------------------------
b) Nature of the Grant of Restricted Share Award under The
transaction Weir Group Share Reward Plan. The vesting
dates of the Award are 8 April 2022, being
the second anniversary of the date of grant,
in respect of 25% of the Restricted Share
Award; 8 April 2023, being the third anniversary
of the date of grant, in respect of 25%
of the Restricted Share Award; 8 April
2024, being the fourth anniversary of the
date of grant, in respect of 25% of the
Restricted Share Award; and 8 April 2025,
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 (except for
any shares sold to cover any applicable
tax withholding requirement) for a period
of two additional years (three years in
respect of the proportion which vests in
2022) 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) Price(s) Volume(s)
Nil 61,789
----------
------------------------------ ----------------------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Price
------------------------------ ----------------------------------------------------
e) Date of the transaction 8 April 2020
------------------------------ ----------------------------------------------------
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 President of Weir ESCO Division
-------------------------------- --------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
-------------------------------- --------------------------------------------------
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 Ordinary shares of 12.5p each fully paid
the financial GB0009465807
instrument, type
of instrument
Identification
code
------------------------------ ----------------------------------------------------
b) Nature of the Grant of Restricted Share Award under The
transaction Weir Group Share Reward Plan. The vesting
dates of the Award are 8 April 2022, being
the second anniversary of the date of grant,
in respect of 25% of the Restricted Share
Award; 8 April 2023, being the third anniversary
of the date of grant, in respect of 25%
of the Restricted Share Award; 8 April
2024, being the fourth anniversary of the
date of grant, in respect of 25% of the
Restricted Share Award; and 8 April 2025,
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 (except for
any shares sold to cover any applicable
tax withholding requirement) for a period
of two additional years (three years in
respect of the proportion which vests in
2022) 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) Price(s) Volume(s)
Nil 49,951
----------
------------------------------ ----------------------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Price
------------------------------ ----------------------------------------------------
e) Date of the transaction 8 April 2020
------------------------------ ----------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ----------------------------------------------------
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/ Initial Notification
Amendment
-------------------------------- --------------------------------------------------
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 Ordinary shares of 12.5p each fully paid
the financial GB0009465807
instrument, type
of instrument
Identification
code
------------------------------ ----------------------------------------------------
b) Nature of the Grant of Restricted Share Award under The
transaction Weir Group Share Reward Plan. The vesting
dates of the Award are 8 April 2022, being
the second anniversary of the date of grant,
in respect of 25% of the Restricted Share
Award; 8 April 2023, being the third anniversary
of the date of grant, in respect of 25%
of the Restricted Share Award; 8 April
2024, being the fourth anniversary of the
date of grant, in respect of 25% of the
Restricted Share Award; and 8 April 2025,
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 (except for
any shares sold to cover any applicable
tax withholding requirement) for a period
of two additional years (three years in
respect of the proportion which vests in
2022) 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) Price(s) Volume(s)
Nil 32,862
----------
------------------------------ ----------------------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Price
------------------------------ ----------------------------------------------------
e) Date of the transaction 8 April 2020
------------------------------ ----------------------------------------------------
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/ Initial Notification
Amendment
-------------------------------- --------------------------------------------------
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 Ordinary shares of 12.5p each fully paid
the financial GB0009465807
instrument, type
of instrument
Identification
code
------------------------------ ----------------------------------------------------
b) Nature of the Grant of Restricted Share Award under The
transaction Weir Group Share Reward Plan. The vesting
dates of the Award are 8 April 2022, being
the second anniversary of the date of grant,
in respect of 25% of the Restricted Share
Award; 8 April 2023, being the third anniversary
of the date of grant, in respect of 25%
of the Restricted Share Award; 8 April
2024, being the fourth anniversary of the
date of grant, in respect of 25% of the
Restricted Share Award; and 8 April 2025,
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 (except for
any shares sold to cover any applicable
tax withholding requirement) for a period
of two additional years (three years in
respect of the proportion which vests in
2022) 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) Price(s) Volume(s)
Nil 32,862
----------
------------------------------ ----------------------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Price
------------------------------ ----------------------------------------------------
e) Date of the transaction 8 April 2020
------------------------------ ----------------------------------------------------
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/ Initial Notification
Amendment
-------------------------------- --------------------------------------------------
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 Ordinary shares of 12.5p each fully paid
the financial GB0009465807
instrument, type
of instrument
Identification
code
------------------------------ ----------------------------------------------------
b) Nature of the Grant of Restricted Share Award under The
transaction Weir Group Share Reward Plan. The vesting
dates of the Award are 8 April 2022, being
the second anniversary of the date of grant,
in respect of 25% of the Restricted Share
Award; 8 April 2023, being the third anniversary
of the date of grant, in respect of 25%
of the Restricted Share Award; 8 April
2024, being the fourth anniversary of the
date of grant, in respect of 25% of the
Restricted Share Award; and 8 April 2025,
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 (except for
any shares sold to cover any applicable
tax withholding requirement) for a period
of two additional years (three years in
respect of the proportion which vests in
2022) 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) Price(s) Volume(s)
Nil 32,862
----------
------------------------------ ----------------------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Price
------------------------------ ----------------------------------------------------
e) Date of the transaction 8 April 2020
------------------------------ ----------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ----------------------------------------------------
1. Details of the person discharging managerial responsibilities/
person closely associated
a) Name Andrew Neilson
-------------------------------- --------------------------------------------------
2. Reason for the notification
------------------------------------------------------------------------------------
a) Position/status Weir Minerals Regional Managing Director
Europe, North Africa, Central Asia & Russia
-------------------------------- --------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
-------------------------------- --------------------------------------------------
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 Ordinary shares of 12.5p each fully paid
the financial GB0009465807
instrument, type
of instrument
Identification
code
------------------------------ ----------------------------------------------------
b) Nature of the Grant of Restricted Share Award under The
transaction Weir Group Share Reward Plan. The vesting
dates of the Award are 8 April 2022, being
the second anniversary of the date of grant,
in respect of 25% of the Restricted Share
Award; 8 April 2023, being the third anniversary
of the date of grant, in respect of 25%
of the Restricted Share Award; 8 April
2024, being the fourth anniversary of the
date of grant, in respect of 25% of the
Restricted Share Award; and 8 April 2025,
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 (except for
any shares sold to cover any applicable
tax withholding requirement) for a period
of two additional years (three years in
respect of the proportion which vests in
2022) 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) Price(s) Volume(s)
Nil 44,258
----------
------------------------------ ----------------------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Price
------------------------------ ----------------------------------------------------
e) Date of the transaction 8 April 2020
------------------------------ ----------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ----------------------------------------------------
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 and Sustainability Officer
-------------------------------- --------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
-------------------------------- --------------------------------------------------
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 Ordinary shares of 12.5p each fully paid
the financial GB0009465807
instrument, type
of instrument
Identification
code
------------------------------ ----------------------------------------------------
b) Nature of the Grant of Restricted Share Award under The
transaction Weir Group Share Reward Plan. The vesting
dates of the Award are 8 April 2022, being
the second anniversary of the date of grant,
in respect of 25% of the Restricted Share
Award; 8 April 2023, being the third anniversary
of the date of grant, in respect of 25%
of the Restricted Share Award; 8 April
2024, being the fourth anniversary of the
date of grant, in respect of 25% of the
Restricted Share Award; and 8 April 2025,
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 (except for
any shares sold to cover any applicable
tax withholding requirement) for a period
of two additional years (three years in
respect of the proportion which vests in
2022) 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) Price(s) Volume(s)
Nil 17,690
----------
------------------------------ ----------------------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Price
------------------------------ ----------------------------------------------------
e) Date of the transaction 8 April 2020
------------------------------ ----------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ----------------------------------------------------
For further information, please contact:
Graham Vanhegan
Company Secretary
Telephone: 0141 308 3771
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHILMFTMTMMBJM
(END) Dow Jones Newswires
April 09, 2020 12:07 ET (16:07 GMT)
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