Weir Group Inc. — Director's Dealing 2017

Mar 22, 2017

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 1989A

Weir Group PLC

22 March 2017

22 March 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 20 March 2017 the PDMRs listed below exercised the restricted awards granted to them under The Weir Group PLC Long Term Incentive Plan 2014.

PDMR	Shares vesting	Dividend equivalent shares received	Total shares exercised	Shares sold to cover tax liability	Total shares acquired
Christopher Morgan	1,933	46	1,979	933	1,046
David Paradis	4,867	117	4,984	1,632	3,352

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

Christopher Morgan

David Paradis

2.

Reason for the notification

a)

Position/status

PDMR

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 awards granted in 2016 under The Weir Group PLC Long Term Incentive Plan 2014. 

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:

PDMR	Price(s)	Volume(s)
Christopher Morgan	£19.36	933
David Paradis	£19.36	1,632

d)

Aggregated information

-     Aggregated volume

-     Price

N/A Single transaction

e)

Date of the transaction

20 March 2017

f)

Place of the transaction

London Stock Exchange Main Market (XLON)

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

DSHJTMMTMBJTBFR