Grainger PLC Director/PDMR Shareholding (8712Y)

TIDMGRI

RNS Number : 8712Y

Grainger PLC

08 March 2017

Grainger plc

("Grainger" or the "Company")

GRAINGER PLC BUY OUT AWARD VESTING

The Company announces that the second tranche of the buyout award granted to Helen Gordon, CEO, on 12 January 2016, vested on 7 March 2017. Following an assessment of the applicable performance conditions, 21,353 shares options vested (30.8% of the 69,328 share award).

Arrangements are in hand to transfer the vested shares from the Grainger plc Employee Benefits Trust to the Executive Director.

The total shareholding of Helen Gordon after this transaction is:

 
 Chief Executive       Holding prior   Holding following           Percentage 
  Director           to notification        notification    holding following 
                                                                 notification 
-----------------  -----------------  ------------------  ------------------- 
 Helen Gordon            80,943                  102,296                0.02% 
-----------------  -----------------  ------------------  ------------------- 
 

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                  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             Ordinary Shares of 5p each in Grainger 
         of the financial        plc 
         instrument, 
         type of instrument 
---  ----------------------  ---------------------------------------------- 
b)      Identification          GB00B04V1276 
         code 
---  ----------------------  ---------------------------------------------- 
c)      Nature of               Exercise of buyout award that vested 
         the transaction         on 7 March 2017 
---  ----------------------  ---------------------------------------------- 
d)      Price and                     1. Exercise 
         volumes                       Price - Nil; Volume: 21,353 Ordinary 
                                       Shares 
---  ----------------------  ---------------------------------------------- 
d)      Aggregated 
         information              Volume: 21,353 Ordinary Shares 
         - Aggregated 
         volume                   Price - Nil 
         - Price 
---  ----------------------  ---------------------------------------------- 
e)      Date of the            8 March 2017 
         transaction 
---  ----------------------  ---------------------------------------------- 
f)      Place of the          Outside a Trading Venue 
         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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March 08, 2017 06:07 ET (11:07 GMT)