Director/PDMR Shareholding

RNS Number : 0783N

Grainger PLC

27 January 2021

 

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 Enhanced Deferred Bonus Plan ("EDBP"), in respect of the shares that vested on 12 January 2021, Andrew Saunderson exercised his share options on 21 January 2021. In order to fund the resulting tax and national insurance liability arising from the exercise, disposal of ordinary shares (as set out below) took place on 22 January 2021 at a price of £2.740. Grainger was notified of the completion of these disposals on 26 January 2021.

PDMR	Award Plan	Original number of options awarded	Number of ordinary shares vested	Number of shares sold to cover the tax and national insurance liability arising from vesting	Net vested shares
Andrew Saunderson	Grainger EDBP	16,112	13,680	6,335	7,345

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	Andrew Saunderson
2	Reason for the notification
a)	Position/status	Director of Investments/PDMR
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 Grainger Enhanced Deferred Bonus Plan in order to cover the tax liability arising on exercise.
d)	Price and volumes		Price: £2,740 Volumes: 6,335 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price		N/A
e)	Date of the transaction		22 January 2021
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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