Director/PDMR Shareholding

Grainger PLC

25 July 2023

 

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 ("LTIP"), in respect of the shares that vested on 6 February 2023, Mike Keaveney, PDMR, exercised his share options on 11 July 2023. In order to fund the resulting tax and national insurance liability arising from the exercise, a disposal of 29,011 ordinary shares took place on 21 July 2023 at a price of £2.56. Grainger was notified of the completion of this disposal on 25 July 2023.

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	Michael Keaveney
2	Reason for the notification
a)	Position/status	Director of Land and Development /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 LTIP in order to cover the tax liability arising on exercise.
d)	Price and volumes		Price: £2.56 Volumes: 29,011 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price		N/A
e)	Date of the transaction		21 July 2023
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