Director/PDMR Shareholding

RNS Number : 0450Q

Grainger PLC

14 February 2019

 

Grainger plc

("Grainger" or the "Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Grainger plc announces that further to the announcement made on 24 January 2019 and pursuant to the Grainger 2007 Long Term Incentive Plan, that in respect of the shares that vested on 23 January 2019, the following sale of ordinary shares by Helen Gordon and Vanessa Simms took place on 12 February 2019 at a price of £2.42 in order to fund the resulting tax liability arising from the vesting as set out below. Grainger plc was notified of this transaction on 13 February 2019.

Arrangements are in hand to transfer the remaining shares that vested from the Grainger plc Employee Benefits Trust to the Executive Directors.

Executive Director	Award Plan	Original number of options awarded	Number of ordinary shares vested based on the performance conditions	Number of shares sold to cover the tax liability arising from vesting
Helen Gordon	Grainger 2007 LTIP	381,270	30,089	13,465
Vanessa Simms	Grainger 2007 LTIP	157,962	12,466	5,579

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Helen Gordon
2	Reason for the notification
a)	Position/status	Chief Executive Officer/Director
b)	Initial notification	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Grainger plc
b)	LEI		2138007CEIRKZMNI2979
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument		Ordinary Shares of 5p each in Grainger plc
b)	Identification code		GB00B04V1276
c)	Nature of the transaction		Sale of shares vested under the 2007 LTIP option plan in order to cover the tax liability arising on exercise.
d)	Price and volumes		Price: £2.426 Volumes: 13,465 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price		N/A
e)	Date of the transaction		12 February 2019
f)	Place of the transaction		London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Vanessa Simms
2	Reason for the notification
a)	Position/status	Chief Financial Officer/Director
b)	Initial notification	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		Grainger plc
b)	LEI		2138007CEIRKZMNI2979
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument		Ordinary Shares of 5p each in Grainger plc
b)	Identification code		GB00B04V1276
c)	Nature of the transaction		Sale of shares vested under the 2007 LTIP option plan in order to cover the tax liability arising on exercise.
d)	Price and volumes		Price: £2.426 Volumes: 5,579 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price		N/A
e)	Date of the transaction		12 February 2019
f)	Place of the transaction		London Stock Exchange

Name of authorised official of issuer responsible for making notification.

Adam McGhin

Group General Counsel and Company Secretary

 

END

 

 

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