3rd Mar 2025 13:46
3 March 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 first tranche of various restricted share awards over ordinary shares in the Company under The Weir Group Share Reward Plan that were granted in 2024 to Brian Puffer to compensate him for incentive awards that he forfeited on leaving bp plc, vested on 28 February 2025. The vested shares were subsequently released to Brian Puffer on the same day, together with additional shares in respect of dividend equivalent payments. A portion of the shares acquired by Brian Puffer were then sold automatically to cover his tax liability in respect of acquisition of shares following the vesting of the share awards.
PDMR | Shares vested | Dividend equivalent shares received | Total shares received | Shares sold to cover tax liability | Total shares acquired |
Brian Puffer | 20,441 | 342 | 20,783 | 9,794 | 10,989 |
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 | Brian Puffer | |||||
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 | ||||||
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 award granted in 2024 under The Weir Group Share Reward Plan, including dividend equivalent shares. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price | N/A Single transaction | |||||
e) | Date of the transaction | 28 February 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 an award made in 2024 under The Weir Group Share Reward Plan. | |||||
c) | Price(s) and volume(s) |
| |||||
d) | Aggregated information - Aggregated volume - Price | N/A Single transaction | |||||
e) | Date of the transaction | 28 February 2025 | |||||
f) | Place of the transaction | London Stock Exchange Main Market (XLON) | |||||
For further information, please contact:
Jennifer Haddouk
Company Secretary
Telephone: 0141 637 7111
Related Shares:
Weir Group