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Weir Group Inc. — Remuneration Information 2017
May 10, 2017
5246_dirs_2017-05-10_efe569b2-9490-4503-9f5d-027f8799d658.html
Remuneration Information
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RNS Number : 7572E
Weir Group PLC
10 May 2017
10 May 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 8 May 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 |
| Paul Coppinger | 4,440 | 320 | 4,760 | 1,306 | 3,454 |
| David Paradis | 866 | 62 | 928 | 247 | 681 |
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
Paul Coppinger
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 2014 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) |
| Paul Coppinger | £18.73 | 1,306 |
| David Paradis | £18.73 | 247 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
8 May 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
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