Grainger PLC Director/PDMR Shareholding (6666W)

TIDMGRI

RNS Number : 6666W

Grainger PLC

12 December 2019

Grainger plc

("Grainger" or the "Company")

GRAINGER PLC DEFERRED BONUS SHARE PLAN AND GRANT OF OPTIONS TO DIRECTORS/PDMRs

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 Deferred Bonus Share Plan ("DBSP") on 10 December 2019. The DBSP includes the compulsory deferral of 25% of any bonus payable to participants into Options over Shares for a period of three years.

Grant of Options

On 10 December 2019, Grainger granted Options of a total of 48,466 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 2019 
                                                  DBSP 
 Helen Gordon         Chief Executive Officer    16,429 
                     -------------------------  ------------------------- 
 Vanessa Simms        Chief Financial Officer     9,796 
                     -------------------------  ------------------------- 
 Andrew Saunderson    Director of Investments    10,676 
                     -------------------------  ------------------------- 
                      Director of Land and 
 Michael Keaveney      Development               11,565 
                     -------------------------  ------------------------- 
 

Vesting of the Options is not subject to any performance conditions and, subject to continued employment with Grainger, the Options will normally become exercisable after the three-year vesting period.

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 responsibilities 
  1     / 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 plc 
         of the financial 
         instrument, 
         type of instrument 
b)      Identification             GB00B04V1276 
         code 
c)      Nature of the              Grant of nil cost Options over Ordinary Shares pursuant 
         transaction                to the Grainger plc Deferred Bonus Share Plan which 
                                    shall ordinarily vest and become exercisable from 
                                    the third anniversary of the grant date. 
d)      Price and volumes          Price - Nil 
                                    Volume: 16,429 Ordinary Shares 
d)      Aggregated 
         information                 N/A 
         - Aggregated 
         volume 
         - Price 
e)      Date of the              10 December 2019 
         transaction 
f)      Place of the             Outside a trading venue 
         transaction 
 
 
 
     Details of the person discharging managerial responsibilities 
  1   / 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             Ordinary Shares of 5p each in Grainger plc 
         of the financial 
         instrument, 
         type of instrument 
b)      Identification          GB00B04V1276 
         code 
c)      Nature of               Grant of nil cost Options over Ordinary Shares pursuant 
         the transaction         to the Grainger plc Deferred Bonus Share Plan which 
                                 shall ordinarily vest and become exercisable from 
                                 the third anniversary of the grant date. 
d)      Price and               Price - Nil 
         volumes                 Volumes: 9,796 Ordinary Shares 
d)      Aggregated 
         information              N/A 
         - Aggregated 
         volume 
         - Price 
e)      Date of the             10 December 2019 
         transaction 
f)      Place of the            Outside a trading venue 
         transaction 
 
 
        Details of the person discharging managerial responsibilities 
  1      / person closely associated 
a)      Names                  Andrew Saunderson 
2       Reason for the notification 
a)      Position/status        Director of Investments, 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            Ordinary Shares of 5p each in Grainger plc 
         of the financial 
         instrument, 
         type of instrument 
b)      Identification         GB00B04V1276 
         code 
c)      Nature of              Grant of nil cost Options over Ordinary Shares 
         the transaction        pursuant to the Grainger plc Deferred Bonus Share 
                                Plan which shall ordinarily vest and become exercisable 
                                from the third anniversary of the grant date. 
d)      Price and              Price - Nil 
         volumes                Volumes: 10,676 Ordinary Shares 
d)      Aggregated 
         information             N/A 
         - Aggregated 
         volume 
         - Price 
e)      Date of the            10 December 2019 
         transaction 
f)      Place of the           Outside a trading venue 
         transaction 
 
        Details of the person discharging managerial responsibilities 
  1      / 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            Ordinary Shares of 5p each in Grainger plc 
         of the financial 
         instrument, 
         type of instrument 
b)      Identification         GB00B04V1276 
         code 
c)      Nature of              Grant of nil cost Options over Ordinary Shares 
         the transaction        pursuant to the Grainger plc Deferred Bonus Share 
                                Plan which shall ordinarily vest and become exercisable 
                                from the third anniversary of the grant date. 
d)      Price and              Price - Nil 
         volumes                Volumes: 11,565 Ordinary Shares 
d)      Aggregated 
         information             N/A 
         - Aggregated 
         volume 
         - Price 
e)      Date of the            10 December 2019 
         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

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END

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December 12, 2019 04:43 ET (09:43 GMT)