Director/PDMR Shareholding

RNS Number : 4979G

Grainger PLC

25 November 2020

 

Grainger plc

("Grainger" or the "Company")

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

Grainger plc announces that pursuant to the Grainger 2017 Long Term Incentive Plan, in respect of the shares that vested on 9 February 2020, Helen Gordon and Vanessa Simms exercised their respective options on 19 November 2020. In order to fund the resulting tax and national insurance liability arising from the exercise, disposals of ordinary shares (as set out below) took place on 20 November 2020 at a price of £3.064. Grainger was notified of the completion of these disposals on 23 November 2020.

The net vested shares ( based on the performance conditions and assessment as set out in the 2019 Annual Report and Accounts and including the dividend equivalent shares as noted in the 2020 Annual Report & Accounts) as set out below are subject to a 2-year holding period from the date of vesting in accordance with the Remuneration Policy.

Executive Director	Award Plan	Original number of options awarded	Number of ordinary shares vested (including dividend shares)	Number of shares sold to cover the tax and national insurance liability arising from vesting	Net vested shares subject to a 2- year holding period from the date of vesting
Helen Gordon	Grainger 2017 LTIP	364,254	139,026	65,816	73,210
Vanessa Simms	Grainger 2017 LTIP	188,235	71,844	34,012	37,832

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: £3.064 Volumes: 65,816 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price		N/A
e)	Date of the transaction		20 November 2020
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: £3.064 Volumes: 34,012 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price		N/A
e)	Date of the transaction		20 November 2020
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

 

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