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Weir Group Inc.
Transaction in Own Shares • Apr 10, 2025
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Transaction in Own Shares
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National Storage Mechanism | Additional information 
RNS Number : 5444E
Weir Group PLC
10 April 2025
10 April 2025
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 the second tranches of various restricted share awards over ordinary shares in the Company that were made in 2021 under The Weir Group Share Reward Plan vested on 8 April 2025 and were subsequently released to each of the PDMRs listed below on the same day, together with additional shares in respect of dividend equivalent payments. A portion of the shares acquired by each of the PDMRs was then sold automatically to cover each PDMR's tax liability in respect of acquisition of shares following the vesting of the share awards. The remaining vested shares are subject to a further retention period of two years during which the PDMR is not entitled to sell the shares or otherwise deal with them.
| PDMR | Shares vested | Dividend equivalent shares received | Total shares received | Shares sold to cover tax liability | Total shares acquired |
| Jon Stanton | 12,106 | 592 | 12,698 | 5,983 | 6,715 |
| Andrew Neilson | 5,072 | 246 | 5,318 | 2,665 | 2,653 |
| Rosemary McGinness | 3,656 | 177 | 3,833 | 1,922 | 1,911 |
| Garry Fingland | 3,767 | 183 | 3,950 | 1,980 | 1,970 |
| Graham Vanhegan | 3,656 | 177 | 3,833 | 1,827 | 2,006 |
| Paula Cousins | 2,216 | 107 | 2,323 | 1,165 | 1,158 |
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
Transaction 1 - share vesting
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 2021 under The Weir Group Share Reward Plan, including dividend equivalent shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 12,698 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
8 April 2025
f)
Place of the transaction
Outside a trading venue
Transaction 2 - sale of shares to cover tax
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
Sale of ordinary shares to cover the tax arising on the vesting of awards made in 2021 under The Weir Group Share Reward Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £20.223463 | 5,983 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
8 April 2025
f)
Place of the transaction
London Stock Exchange Main Market (XLON)
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Andrew Neilson
2.
Reason for the notification
a)
Position/status
Division President
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
Transaction 1 - share vesting
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 2021 under The Weir Group Share Reward Plan, including dividend equivalent shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 5,318 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
8 April 2025
f)
Place of the transaction
Outside a trading venue
Transaction 2 - sale of shares to cover tax
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
Sale of ordinary shares to cover the tax arising on the vesting of awards made in 2021 under The Weir Group Share Reward Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £20.223463 | 2,665 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
8 April 2025
f)
Place of the transaction
London Stock Exchange Main Market (XLON)
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Rosemary McGinness
2.
Reason for the notification
a)
Position/status
Chief People 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
Transaction 1 - share vesting
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 2021 under The Weir Group Share Reward Plan, including dividend equivalent shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 3,833 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
8 April 2025
f)
Place of the transaction
Outside a trading venue
Transaction 2 - sale of shares to cover tax
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
Sale of ordinary shares to cover the tax arising on the vesting of awards made in 2021 under The Weir Group Share Reward Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £20.223463 | 1,922 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
8 April 2025
f)
Place of the transaction
London Stock Exchange Main Market (XLON)
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Garry Fingland
2.
Reason for the notification
a)
Position/status
Chief Information 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
Transaction 1 - share vesting
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 2021 under The Weir Group Share Reward Plan, including dividend equivalent shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 3,950 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
8 April 2025
f)
Place of the transaction
Outside a trading venue
Transaction 2 - sale of shares to cover tax
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
Sale of ordinary shares to cover the tax arising on the vesting of awards made in 2021 under The Weir Group Share Reward Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £20.223463 | 1,980 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
8 April 2025
f)
Place of the transaction
London Stock Exchange Main Market (XLON)
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Graham Vanhegan
2.
Reason for the notification
a)
Position/status
Chief Legal 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
Transaction 1 - share vesting
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 2021 under The Weir Group Share Reward Plan, including dividend equivalent shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 3,833 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
8 April 2025
f)
Place of the transaction
Outside a trading venue
Transaction 2 - sale of shares to cover tax
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
Sale of ordinary shares to cover the tax arising on the vesting of awards made in 2021 under The Weir Group Share Reward Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £20.223463 | 1,827 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
8 April 2025
f)
Place of the transaction
London Stock Exchange Main Market (XLON)
1.
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Paula Cousins
2.
Reason for the notification
a)
Position/status
Chief Strategy & Sustainability 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
Transaction 1 - share vesting
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 2021 under The Weir Group Share Reward Plan, including dividend equivalent shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 2,323 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
8 April 2025
f)
Place of the transaction
Outside a trading venue
Transaction 2 - sale of shares to cover tax
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
Sale of ordinary shares to cover the tax arising on the vesting of awards made in 2021 under The Weir Group Share Reward Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £20.223463 | 1,165 |
d)
Aggregated information
- Aggregated volume
- Price
N/A Single transaction
e)
Date of the transaction
8 April 2025
f)
Place of the transaction
London Stock Exchange Main Market (XLON)
For further information, please contact:
Jennifer Haddouk
Company Secretary
Telephone: 0141 308 3771
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