Weir Group PLC Director/PDMR Shareholding (8165U)
31 Julio 2020 - 9:07AM
UK Regulatory
TIDMWEIR
RNS Number : 8165U
Weir Group PLC
31 July 2020
31 July 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 30
July 2020, the PDMR noted below was granted a restricted share
award 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 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, in
respect of 25% of the Restricted Share
Award; 8 April 2023, in respect of 25%
of the Restricted Share Award; 8 April
2024, in respect of 25% of the Restricted
Share Award; and 8 April 2025, 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 2,968
----------
------------------------------ -------------------------------------------------
d) Aggregated information N/A
* Aggregated volume
* Price
------------------------------ -------------------------------------------------
e) Date of the transaction 30 July 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
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