Weir Group Inc. — Director's Dealing 2017

Apr 3, 2017

National Storage Mechanism | Additional information

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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/ 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

Grant of Performance Share 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.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	87,038

d)

Aggregated information

-     Aggregated volume

-     Price

N/A

e)

Date of the transaction

29 March 2017

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/ 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

Grant of Performance Share 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.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	42,849

d)

Aggregated information

-     Aggregated volume

-     Price

N/A

e)

Date of the transaction

29 March 2017

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

Director of Strategy and Corporate Affairs

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

Grant of Performance Share 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.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	28,778

d)

Aggregated information

-     Aggregated volume

-     Price

N/A

e)

Date of the transaction

29 March 2017

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

Division President of Weir Minerals

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

1) Grant of Performance Share 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 volume(s)

	Price(s)	Volume(s)
1	Nil	51,018
2	Nil	12,000

d)

Aggregated information

-     Aggregated volume

-     Price

Price(s)	Volume(s)
Nil	63,018

e)

Date of the transaction

29 March 2017

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

Division President of Weir Oil & Gas

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

1) Grant of Performance Share 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 volume(s)

	Price(s)	Volume(s)
1	Nil	24,332
2	Nil	14,599

d)

Aggregated information

-     Aggregated volume

-     Price

Price(s)	Volume(s)
Nil	38,931

e)

Date of the transaction

29 March 2017

f)

Place of the transaction

Outside a trading venue

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/ 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

1) Grant of Performance Share 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 volume(s)

	Price(s)	Volume(s)
1	Nil	18,346
2	Nil	11,007

d)

Aggregated information

-     Aggregated volume

-     Price

Price(s)	Volume(s)
Nil	29,353

e)

Date of the transaction

29 March 2017

f)

Place of the transaction

Outside a trading venue

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/ 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

1) Grant of Performance Share 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 volume(s)

	Price(s)	Volume(s)
1	Nil	12,745
2	Nil	7,647

d)

Aggregated information

-     Aggregated volume

-     Price

Price(s)	Volume(s)
Nil	20,392

e)

Date of the transaction

29 March 2017

f)

Place of the transaction

Outside a trading venue

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/ 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

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 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 volume(s)

Price(s)	Volume(s)
Nil	6,813

d)

Aggregated information

-     Aggregated volume

-     Price

N/A

e)

Date of the transaction

29 March 2017

f)

Place of the transaction

Outside a trading venue

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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