Director/PDMR Shareholding

RNS Number : 1382Z

Grainger PLC

08 December 2014

 

Director/PDMR Shareholding

Grainger plc Director  / PDMRShareholdings

Grainger plc ('The Company') announces that pursuant to the Grainger 2007 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 2 December 2011vested in full on 3 December 2014.

Executive Director	Share award 2 December 2011
	Shares Vesting
Andrew Cunningham	750,595
Mark Greenwood	268,141
Nick Jopling	362,676
		1,381,412

Arrangements are in hand 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 5 December 2014 at a price of 199.15p.

Executive Director	Shares Sold
Andrew Cunningham	452,780
Mark Greenwood	126,026
Nick Jopling	170,458
		749,264

The total shareholding of the above directors after these transactions is:-

Executive Director	Holding prior to notification	Holding following notification	Percentage holding following notification
Andrew Cunningham	1,424,344	1,722,159	0.41%
Mark Greenwood	306,815	448,930	0.11%
Nick Jopling	402,737	594,955	0.14%

The Company also announces that Computershare Trustees (Jersey) Limited as trustees of the EBT acquired 1,000,000 Grainger plc 5p ordinary shares at a price of 199.15p per share on 5 December 2014.

These shares are being held by the EBT to satisfy share awards arising under Grainger plc's employee shares schemes.  Subsequent to the above transactions the EBT holds 4,022,827 shares in Grainger plc which represents 0.97% of the issued shares capital.

For and on behalf of

Grainger plc

M P Windle

Deputy Company Secretary

 

END

 

 

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