Weir Group PLC Director/PDMR Shareholding (3948B)
April 03 2017 - 8:22AM
UK Regulatory
TIDMWEIR
RNS Number : 3948B
Weir Group PLC
03 April 2017
3 April 2017
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 29
March 2017, Awards over ordinary 12.5 pence shares in the Company
were granted under The Weir Group PLC Long Term Incentive Plan 2014
to the PDMRs noted below.
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 Ordinary shares of 12.5p each
of the financial fully paid
instrument, GB0009465807
type of instrument
Identification
code
---- ------------------------------ ---------------------------------------
b) Nature of Grant of Performance Share Award
the transaction under The Weir Group PLC Long
Term Incentive Plan 2014. The
Award is subject to performance
conditions. The vesting date
of the Award will be 29 March
2020, being the third anniversary
of the Award date. No consideration
was paid for the grant of the
award.
---- ------------------------------ ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 87,038
---------- ----------
---- ------------------------------ ---------------------------------------
d) Aggregated N/A
information
* Aggregated volume
* Price
---- ------------------------------ ---------------------------------------
e) Date of the 29 March 2017
transaction
---- ------------------------------ ---------------------------------------
f) Place of the Outside a trading venue
transaction
---- ------------------------------ ---------------------------------------
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 Ordinary shares of 12.5p each
of the financial fully paid
instrument, GB0009465807
type of instrument
Identification
code
---- ------------------------------ ---------------------------------------
b) Nature of Grant of Performance Share Award
the transaction under The Weir Group PLC Long
Term Incentive Plan 2014. The
Award is subject to performance
conditions. The vesting date
of the Award will be 29 March
2020, being the third anniversary
of the Award date. No consideration
was paid for the grant of the
award.
---- ------------------------------ ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 42,849
---------- ----------
---- ------------------------------ ---------------------------------------
d) Aggregated N/A
information
* Aggregated volume
* Price
---- ------------------------------ ---------------------------------------
e) Date of the 29 March 2017
transaction
---- ------------------------------ ---------------------------------------
f) Place of the Outside a trading venue
transaction
---- ------------------------------ ---------------------------------------
1. Details of the person discharging managerial
responsibilities/ person closely associated
---- -----------------------------------------------------------------------
a) Name Andrew Neilson
---- -------------------------------- -------------------------------------
2. Reason for the notification
---- -----------------------------------------------------------------------
a) Position/status Director of Strategy and Corporate
Affairs
---- -------------------------------- -------------------------------------
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 Ordinary shares of 12.5p each
of the financial fully paid
instrument, GB0009465807
type of instrument
Identification
code
---- ------------------------------ ---------------------------------------
b) Nature of Grant of Performance Share Award
the transaction under The Weir Group PLC Long
Term Incentive Plan 2014. The
Award is subject to performance
conditions. The vesting date
of the Award will be 29 March
2020, being the third anniversary
of the Award date. No consideration
was paid for the grant of the
award.
---- ------------------------------ ---------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 28,778
---------- ----------
---- ------------------------------ ---------------------------------------
d) Aggregated N/A
information
* Aggregated volume
* Price
---- ------------------------------ ---------------------------------------
e) Date of the 29 March 2017
transaction
---- ------------------------------ ---------------------------------------
f) Place of the Outside a trading venue
transaction
---- ------------------------------ ---------------------------------------
1. Details of the person discharging managerial
responsibilities/ person closely associated
---- ---------------------------------------------------------------------------
a) Name Ricardo Garib
---- -------------------------------- -----------------------------------------
2. Reason for the notification
---- ---------------------------------------------------------------------------
a) Position/status Division President of Weir Minerals
---- -------------------------------- -----------------------------------------
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 Ordinary shares of 12.5p each
of the financial fully paid
instrument, GB0009465807
type of instrument
Identification
code
---- ------------------------------ -------------------------------------------
b) Nature of 1) Grant of Performance Share
the transaction Award under The Weir Group PLC
Long Term Incentive Plan 2014.
The Award is subject to performance
conditions. The vesting date
of the Award will be 29 March
2020, being the third anniversary
of the Award date. No consideration
was paid for the grant of the
award.
2) Grant of Restricted Share
Award under The Weir Group PLC
Long Term Incentive Plan 2014.
The Award is not subject to performance
conditions. The vesting date
of the Award will be 29 March
2020, being the third anniversary
of the Award date. No consideration
was paid for the grant of the
award.
---- ------------------------------ -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
1 Nil 51,018
--------- ----------
2 Nil 12,000
--------- ----------
---- ------------------------------ -------------------------------------------
d) Aggregated Price(s) Volume(s)
information ---------- ----------
* Aggregated volume Nil 63,018
---------- ----------
* Price
---- ------------------------------ -------------------------------------------
e) Date of the 29 March 2017
transaction
---- ------------------------------ -------------------------------------------
f) Place of the Outside a trading venue
transaction
---- ------------------------------ -------------------------------------------
1. Details of the person discharging managerial
responsibilities/ person closely associated
---- ---------------------------------------------------------------------------
a) Name Paul Coppinger
---- -------------------------------- -----------------------------------------
2. Reason for the notification
---- ---------------------------------------------------------------------------
a) Position/status Division President of Weir Oil
& Gas
---- -------------------------------- -----------------------------------------
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 Ordinary shares of 12.5p each
of the financial fully paid
instrument, GB0009465807
type of instrument
Identification
code
---- ------------------------------ -------------------------------------------
b) Nature of 1) Grant of Performance Share
the transaction Award under The Weir Group PLC
Long Term Incentive Plan 2014.
The Award is subject to performance
conditions. The vesting date
of the Award will be 29 March
2020, being the third anniversary
of the Award date. No consideration
was paid for the grant of the
award.
2) Grant of Restricted Share
Award under The Weir Group PLC
Long Term Incentive Plan 2014.
The Award is not subject to performance
conditions. The vesting date
of the Award will be 29 March
2020, being the third anniversary
of the Award date. No consideration
was paid for the grant of the
award.
---- ------------------------------ -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
1 Nil 24,332
--------- ----------
2 Nil 14,599
--------- ----------
---- ------------------------------ -------------------------------------------
d) Aggregated Price(s) Volume(s)
information ---------- ----------
* Aggregated volume Nil 38,931
---------- ----------
* Price
---- ------------------------------ -------------------------------------------
e) Date of the 29 March 2017
transaction
---- ------------------------------ -------------------------------------------
f) Place of the Outside a trading venue
transaction
---- ------------------------------ -------------------------------------------
1. Details of the person discharging managerial
responsibilities/ person closely associated
---- ---------------------------------------------------------------------------
a) Name David Paradis
---- -------------------------------- -----------------------------------------
2. Reason for the notification
---- ---------------------------------------------------------------------------
a) Position/status Division President of Weir Flow
Control
---- -------------------------------- -----------------------------------------
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 Ordinary shares of 12.5p each
of the financial fully paid
instrument, GB0009465807
type of instrument
Identification
code
---- ------------------------------ -------------------------------------------
b) Nature of 1) Grant of Performance Share
the transaction Award under The Weir Group PLC
Long Term Incentive Plan 2014.
The Award is subject to performance
conditions. The vesting date
of the Award will be 29 March
2020, being the third anniversary
of the Award date. No consideration
was paid for the grant of the
award.
2) Grant of Restricted Share
Award under The Weir Group PLC
Long Term Incentive Plan 2014.
The Award is not subject to performance
conditions. The vesting date
of the Award will be 29 March
2020, being the third anniversary
of the Award date. No consideration
was paid for the grant of the
award.
---- ------------------------------ -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
1 Nil 18,346
--------- ----------
2 Nil 11,007
--------- ----------
---- ------------------------------ -------------------------------------------
d) Aggregated Price(s) Volume(s)
information ---------- ----------
* Aggregated volume Nil 29,353
---------- ----------
* Price
---- ------------------------------ -------------------------------------------
e) Date of the 29 March 2017
transaction
---- ------------------------------ -------------------------------------------
f) Place of the Outside a trading venue
transaction
---- ------------------------------ -------------------------------------------
1. Details of the person discharging managerial
responsibilities/ person closely associated
---- ---------------------------------------------------------------------------
a) Name Geetha Dabir
---- -------------------------------- -----------------------------------------
2. Reason for the notification
---- ---------------------------------------------------------------------------
a) Position/status Chief Technology 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 Ordinary shares of 12.5p each
of the financial fully paid
instrument, GB0009465807
type of instrument
Identification
code
---- ------------------------------ -------------------------------------------
b) Nature of 1) Grant of Performance Share
the transaction Award under The Weir Group PLC
Long Term Incentive Plan 2014.
The Award is subject to performance
conditions. The vesting date
of the Award will be 29 March
2020, being the third anniversary
of the Award date. No consideration
was paid for the grant of the
award.
2) Grant of Restricted Share
Award under The Weir Group PLC
Long Term Incentive Plan 2014.
The Award is not subject to performance
conditions. The vesting date
of the Award will be 29 March
2020, being the third anniversary
of the Award date. No consideration
was paid for the grant of the
award.
---- ------------------------------ -------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
1 Nil 12,745
--------- ----------
2 Nil 7,647
--------- ----------
---- ------------------------------ -------------------------------------------
d) Aggregated Price(s) Volume(s)
information ---------- ----------
* Aggregated volume Nil 20,392
---------- ----------
* Price
---- ------------------------------ -------------------------------------------
e) Date of the 29 March 2017
transaction
---- ------------------------------ -------------------------------------------
f) Place of the Outside a trading venue
transaction
---- ------------------------------ -------------------------------------------
1. Details of the person discharging managerial
responsibilities/ person closely associated
---- --------------------------------------------------------------------
a) Name Christopher Morgan
---- -------------------------------- ----------------------------------
2. Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Company Secretary and General
Counsel
---- -------------------------------- ----------------------------------
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 Ordinary shares of 12.5p each
of the financial fully paid
instrument, GB0009465807
type of instrument
Identification
code
---- ------------------------------ ------------------------------------
b) Nature of Restricted Share Award under
the transaction The Weir Group PLC Long Term
Incentive Plan 2014. The Award
is not subject to performance
conditions. The vesting date
of the Award will be in three
equal tranches on 29 March 2018,
29 March 2019 and 29 March 2020.
No consideration was paid for
the grant of the award.
---- ------------------------------ ------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
Nil 6,813
---------- ----------
---- ------------------------------ ------------------------------------
d) Aggregated N/A
information
* Aggregated volume
* Price
---- ------------------------------ ------------------------------------
e) Date of the 29 March 2017
transaction
---- ------------------------------ ------------------------------------
f) Place of the Outside a trading venue
transaction
---- ------------------------------ ------------------------------------
For further information, please contact:
Christopher Morgan
Company Secretary
Telephone: 0141 308 3771
This information is provided by RNS
The company news service from the London Stock Exchange
END
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