Director/PDMR Shareholding

RNS Number : 6509L

Grainger PLC

14 January 2009

 



                                                                    Grainger plc

Director Shareholdings

Under the terms of the Grainger plc 2007 Long Term Incentive Plan, the following directors of Grainger plc ('the Company') were, on 23 December 2008 awarded the following conditional share interests in the ordinary share capital of the Company.

Director	Performance Interests	Matching  Interests
Rupert Dickinson	596,590	119,318
Andrew Cunningham	450,487	90,097

They were also granted conditional nil cost options in conjunction with the grant of the share interest over such number of shares which at vesting have a market value equal to the initial value of the shares comprised in the share interests.

In addition, the company announces that The Grainger Employee Benefit Trust has acquired 785,202 shares from the Company at an average price of £1.232 per share, 452,912 of these shares were transferred from Treasury and 332,290 of the shares were transferred from one of the Company's subsidiaries. These shares will be used to satisfy share interests and options granted in the Grainger plc 2007 Long Term Incentive Plan.

Following these transfers Grainger plc no longer holds any shares as Treasury shares.

M P Windle
Assistant Company Secretary

 

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