Grainger PLC Director/PDMR Shareholding (0450Q)

TIDMGRI

RNS Number : 0450Q

Grainger PLC

14 February 2019

Grainger plc

("Grainger" or the "Company")

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

Grainger plc announces that further to the announcement made on 24 January 2019 and pursuant to the Grainger 2007 Long Term Incentive Plan, that in respect of the shares that vested on 23 January 2019, the following sale of ordinary shares by Helen Gordon and Vanessa Simms took place on 12 February 2019 at a price of GBP2.42 in order to fund the resulting tax liability arising from the vesting as set out below. Grainger plc was notified of this transaction on 13 February 2019.

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

 
 Executive            Award Plan   Original number             Number of            Number of 
  Director                              of options       ordinary shares          shares sold 
                                           awarded          vested based             to cover 
                                                      on the performance    the tax liability 
                                                              conditions         arising from 
                                                                                      vesting 
                   Grainger 2007 
 Helen Gordon               LTIP           381,270                30,089               13,465 
                 ---------------  ----------------  --------------------  ------------------- 
                   Grainger 2007 
 Vanessa Simms              LTIP           157,962                12,466                5,579 
                 ---------------  ----------------  --------------------  ------------------- 
 

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                   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 of                Ordinary Shares of 5p each in Grainger plc 
       the financial 
       instrument, type 
       of instrument 
b)    Identification                GB00B04V1276 
       code 
c)    Nature of the                 Sale of shares vested under the 2007 LTIP option 
       transaction                   plan in order to cover the tax liability arising 
                                     on exercise. 
d)    Price and volumes             Price: GBP2.426 
                                     Volumes: 13,465 Ordinary Shares 
d)    Aggregated information 
       - Aggregated volume            N/A 
       - Price 
e)    Date of the transaction      12 February 2019 
f)    Place of the transaction       London Stock Exchange 
 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
a)    Names                   Vanessa Simms 
2    Reason for the notification 
a)    Position/status         Chief Financial 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 of                Ordinary Shares of 5p each in Grainger plc 
       the financial 
       instrument, type 
       of instrument 
b)    Identification                GB00B04V1276 
       code 
c)    Nature of the                 Sale of shares vested under the 2007 LTIP option 
       transaction                   plan in order to cover the tax liability arising 
                                     on exercise. 
d)    Price and volumes             Price: GBP2.426 
                                     Volumes: 5,579 Ordinary Shares 
d)    Aggregated information 
       - Aggregated volume            N/A 
       - Price 
e)    Date of the transaction      12 February 2019 
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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February 14, 2019 06:42 ET (11:42 GMT)