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GRI Grainger Plc

253.50
0.50 (0.20%)
Last Updated: 09:46:15
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Grainger Plc LSE:GRI London Ordinary Share GB00B04V1276 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.20% 253.50 253.00 254.00 253.50 249.00 249.00 25,899 09:46:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 106.1M 25.6M 0.0347 73.05 1.87B

Grainger PLC Director/PDMR Shareholding (1378Z)

12/12/2017 4:28pm

UK Regulatory


Grainger (LSE:GRI)
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TIDMGRI

RNS Number : 1378Z

Grainger PLC

12 December 2017

Grainger plc

("Grainger" or the "Company")

GRAINGER PLC 2017 LONG TERM INCENTIVE PLAN AND GRANT OF OPTIONS TO DIRECTORS

The Company announces that it has made the following grants of nil cost share options ("Options") over ordinary shares of 5p each in the capital of the Company ("Shares") pursuant to the the 2017 Long Term Incentive Plan ("LTIP") on 11 December 2017.

Grant of Options

On 11 December 2017, Grainger granted Options of a total of 518,746 Shares to its Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") of the Company (as specified in the table below).

 
 Director         Position           No. of shares under 
                                      2017 LTIP 
---------------  -----------------  -------------------- 
                  Chief Executive 
 Helen Gordon      Officer           285,825 
---------------  -----------------  -------------------- 
                  Chief Financial 
 Vanessa Simms     Officer           147,706 
---------------  -----------------  -------------------- 
                  Chief Operating 
 John Kenny        Officer           85,215 
---------------  -----------------  -------------------- 
 

Vesting of the Options is subject to certain performance conditions, namely the Total Property Return ("TPR") performance and relative Total Shareholder Return ("TSR"). Half of the Shares under an Option are subject to TPR performance conditions, and half of the Shares under an Option are subject to TSR performance conditions.

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              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               Grant of nil cost Options over Ordinary 
         the transaction         Shares pursuant to the Grainger plc 
                                 2017 Long Term Incentive Plan which 
                                 shall ordinarily vest and become exercisable 
                                 from the third anniversary of the grant 
                                 date subject to continued service and 
                                 to the extent to which the performance 
                                 conditions set for the Award are satisfied 
---  ----------------------  ------------------------------------------------ 
d)      Price and               Price - Nil 
         volumes                 Volume: 285,825 Ordinary Shares 
---  ----------------------  ------------------------------------------------ 
d)      Aggregated 
         information              N/A 
         - Aggregated 
         volume 
         - Price 
---  ----------------------  ------------------------------------------------ 
e)      Date of                11 December 2017 
         the transaction 
---  ----------------------  ------------------------------------------------ 
f)      Place of              Outside a trading venue 
         the transaction 
---  ----------------------  ------------------------------------------------ 
 
 
 
     Details of the person discharging managerial 
  1   responsibilities / person closely associated 
---  -------------------------------------------------------------------- 
a)      Names               Vanessa Simms 
---  -------------------  ----------------------------------------------- 
2       Reason for the notification 
---  -------------------------------------------------------------------- 
a)      Position/status     Chief Financial Officer, 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              plc 
         financial 
         instrument, 
         type of 
         instrument 
---  -------------------  ----------------------------------------------- 
b)      Identification      GB00B04V1276 
         code 
---  -------------------  ----------------------------------------------- 
c)      Nature              Grant of nil cost Options over Ordinary 
         of the              Shares pursuant to the Grainger plc 
         transaction         2017 Long Term Incentive Plan which 
                             shall ordinarily vest and become exercisable 
                             from the third anniversary of the grant 
                             date subject to continued service and 
                             to the extent to which the performance 
                             conditions set for the Award are satisfied 
---  -------------------  ----------------------------------------------- 
d)      Price and           Price - Nil 
         volumes             Volumes: 147,706 Ordinary Shares 
---  -------------------  ----------------------------------------------- 
d)      Aggregated 
         information          N/A 
         - Aggregated 
         volume 
         - Price 
---  -------------------  ----------------------------------------------- 
e)      Date of              11 December 2017 
         the transaction 
---  -------------------  ----------------------------------------------- 
f)      Place of            Outside a trading venue 
         the transaction 
---  -------------------  ----------------------------------------------- 
 
 
        Details of the person discharging managerial 
  1      responsibilities / person closely associated 
---  -------------------------------------------------------------------- 
a)      Names               John Kenny 
---  --------------------  ---------------------------------------------- 
2       Reason for the notification 
---  -------------------------------------------------------------------- 
a)      Position/status     Chief Operating Officer, PDMR 
---  --------------------  ---------------------------------------------- 
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           Grant of nil cost Options over Ordinary 
         the transaction     Shares pursuant to the Grainger plc 
                             2017 Long Term Incentive Plan which 
                             shall ordinarily vest and become exercisable 
                             from the third anniversary of the grant 
                             date subject to continued service and 
                             to the extent to which the performance 
                             conditions set for the Award are satisfied 
---  --------------------  ---------------------------------------------- 
d)      Price and           Price - Nil 
         volumes             Volumes: 85,215 Ordinary Shares 
---  --------------------  ---------------------------------------------- 
d)      Aggregated 
         information          N/A 
         - Aggregated 
         volume 
         - Price 
---  --------------------  ---------------------------------------------- 
e)      Date of             11 December 2017 
         the transaction 
---  --------------------  ---------------------------------------------- 
f)      Place of            Outside a trading venue 
         the 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

DSHGGGAPPUPMGQP

(END) Dow Jones Newswires

December 12, 2017 11:28 ET (16:28 GMT)

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