Grainger PLC Director/PDMR Shareholding (6535W)

TIDMGRI

RNS Number : 6535W

Grainger PLC

10 February 2017

Grainger plc

("Grainger" or the "Company")

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

The Company was notified on 8 February 2017, that the following transactions have taken place in relation to the Grainger Share Incentive Plan ("SIP") on 7 February 2017. The SIP is an all-employee plan approved by HM Revenue and Customs, under which employees are able to receive allocations of free 5p ordinary shares in the Company ("Ordinary Shares").

A total of 76,788 Ordinary Shares were purchased at a price of 246.2p per share on 7 February ("Free Shares"). The Free Shares were allocated to all employees participating in the SIP as Free Shares and registered in the name of Capita IRG.

Nick Jopling, who is a director and person discharging managerial responsibilities, was allocated 877 Free Shares as a participant in the SIP, for no consideration. As a result of the above transaction, the interests of Nick Jopling and his connected persons in the Company's Ordinary Shares (excluding options, awards under the Company's LTIPs and interests as potential beneficiaries of the Company's Employee Benefit Trusts) are as follows:

 
 Director/PDMR             Total holdings                     Total % holding 
                   following notification                    of issued shares 
                                                       following notification 
 Nick Jopling                     830,935                              0.20% 
 
 
 

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

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

 
       Details of the person discharging managerial 
  1     responsibilities / person closely associated 
---  ----------------------------------------------------------------- 
a)     Names                 Nick Jopling 
---  ---------------------  ------------------------------------------ 
2     Reason for the notification 
---  ----------------------------------------------------------------- 
a)     Position/status       Director 
---  ---------------------  ------------------------------------------ 
b)     Initial               Initial Notification 
        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              Ordinary Shares of 5p each in Grainger 
        of the financial         plc 
        instrument, 
        type of instrument 
---  -----------------------  ---------------------------------------- 
b)     Identification           GB00B04V1276 
        code 
---  -----------------------  ---------------------------------------- 
c)     Nature of the            Acquisition of Free Shares under 
        transaction              the Grainger plc Share Incentive 
                                 Plan 
---  -----------------------  ---------------------------------------- 
d)     Price and volumes        Price - Nil 
                                 Volumes: 877 Ordinary Shares 
---  -----------------------  ---------------------------------------- 
d)     Aggregated 
        information               N/A 
        - Aggregated 
        volume 
        - Price 
---  -----------------------  ---------------------------------------- 
e)     Date of the               7 February 2017 
        transaction 
---  -----------------------  ---------------------------------------- 
f)     Place of the             London Stock Exchange 
        transaction 
---  -----------------------  ---------------------------------------- 
 
 

Name of authorised official of issuer responsible for making notification.

Adam McGhin

Group General Counsel and Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 10, 2017 10:41 ET (15:41 GMT)