Last checked at 13 Apr 2021 12:38
13 April 2021
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 2021 the PDMR listed below exercised the restricted award granted to him under The Weir Group Share Reward Plan.
PDMR | Shares vesting | Dividend equivalent shares received | Total shares exercised | Shares sold to cover tax liability | Total shares acquired |
Ricardo Garib | 6,823 | 179 | 7,002 | 0 | 7,002 |
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 | Ricardo Garib | |||||
2. | Reason for the notification | ||||||
a) | Position/status | President of Weir Minerals Division | |||||
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 | Vesting of award granted in 2019 under The Weir Group Share Reward Plan. 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 three additional years during which the PDMR is not entitled to sell the shares or otherwise deal with them. | |||||
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:
| |||||
d) | Aggregated information - Aggregated volume - Price | N/A Single transaction | |||||
e) | Date of the transaction | 9 April 2021 | |||||
f) | Place of the transaction | London Stock Exchange Main Market (XLON) | |||||
For further information, please contact:
Graham Vanhegan
Company Secretary
Telephone: 0141 308 3771