Director/PDMR Shareholding

RNS Number : 0332B

Grainger PLC

08 February 2022

 

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") and the Grainger Deferred Bonus Share Plan ("DBSP"), in respect of the shares that vested on 12 December 2021, Mike Keaveney, PDMR, exercised his share options on 25 January 2022. In order to fund the resulting tax and national insurance liability arising from the exercise, a disposal of 28,925 ordinary shares took place on 3 February 2022 at a price of £3.00. Grainger was notified of the completion of these disposals on 4 February 2022.

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 DBSP and LTIP in order to cover the tax liability arising on exercise.
d)	Price and volumes		Price: £3.00 Volumes: 28,925  Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price		N/A
e)	Date of the transaction		3 February 2022
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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