Director/PDMR Shareholding

RNS Number : 5585U

Grainger PLC

03 December 2013

 



                                                                                    grainger plc

3 December 2013

Dear Sirs

Grainger plc Director / PDMR Shareholdings

Grainger plc ('The Company) announces that pursuant to The Grainger 20047 Long Term Incentive Plan ('LTIP') and following an assessment of the performance conditions by its remuneration Committee, the share awards set out below, conditionally granted on 26 November 2010, vested in full on 26 November 2013.

Executive Director	Share Award 26 November 2010
	Shares Vesting
Andrew Cunningham	800,677
Peter Couch	293,828
Mark Greenwood	285,863
Nick Jopling	383,094
	1,763,462

Arrangement are in had to transfer the shares that are vesting from the Grainger plc Employee Benefits Trust ('EBT') to the Executive Directors.

The company further announces the following sales of ordinary shares by the above directors of the company on 26 No9vember 2013 at a price of 201.41 p.

Executive Director	Share Sold
Andrew Cunningham	576,350
Peter Couch	293,820
Mark Greenwood	134,400
Nick Jopling	180,100
	1,184,670

The total shareholdings of the above directors after these transaction is: -

Executive Director	Holding prior to notification	Holding following notification	Percentage holding following notification
Andrew Cunningham	1,164,178	1,388,505	0.33%
Peter Couch	247,265	247,273	0.06%
Mark Greenwood	109,163	260,626	0.06%
Nick Jopling	171,904	374,898	0.09%

The company also announces that Computershare Trustees (Jersey) Limited as trustees of EBT accquired 1,000,000 Grainger plc 5p ordinary shares at a price of 201.41p per share on 29th November 2013.

These shares are being held by the EBT to satisfy share awards arising under Grainger plc's employee share schemes. Subsequent to the above transactions the EBT holds 4,262,936 shares in Grainger plc which represents 1.03% of the issued share capital.

For and on behalf of

Grainger plc

M P Windle

Group Company Secretary

 

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