Grainger PLC Director/PDMR Shareholding (4979G)

TIDMGRI

RNS Number : 4979G

Grainger PLC

25 November 2020

Grainger plc

("Grainger" or the "Company")

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

Grainger plc announces that pursuant to the Grainger 2017 Long Term Incentive Plan, in respect of the shares that vested on 9 February 2020, Helen Gordon and Vanessa Simms exercised their respective options on 19 November 2020. In order to fund the resulting tax and national insurance liability arising from the exercise, disposals of ordinary shares (as set out below) took place on 20 November 2020 at a price of GBP3.064. Grainger was notified of the completion of these disposals on 23 November 2020.

The net vested shares ( based on the performance conditions and assessment as set out in the 2019 Annual Report and Accounts and including the dividend equivalent shares as noted in the 2020 Annual Report & Accounts) as set out below are subject to a 2-year holding period from the date of vesting in accordance with the Remuneration Policy.

 
   Executive         Award       Original       Number of        Number of        Net vested 
    Director          Plan         number        ordinary       shares sold     shares subject 
                                 of options    shares vested      to cover       to a 2- year 
                                  awarded       (including      the tax and     holding period 
                                                 dividend         national         from the 
                                                  shares)        insurance      date of vesting 
                                                                 liability 
                                                                arising from 
                                                                  vesting 
                   Grainger 
  Helen Gordon     2017 LTIP      364,254        139,026          65,816            73,210 
                 ------------  ------------  ---------------  --------------  ----------------- 
                   Grainger 
 Vanessa Simms     2017 LTIP      188,235         71,844          34,012            37,832 
                 ------------  ------------  ---------------  --------------  ----------------- 
 

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: GBP3.064 
                                     Volumes: 65,816 Ordinary Shares 
d)    Aggregated information 
       - Aggregated volume            N/A 
       - Price 
e)    Date of the transaction      20 November 2020 
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: GBP3.064 
                                     Volumes: 34,012 Ordinary Shares 
d)    Aggregated information 
       - Aggregated volume            N/A 
       - Price 
e)    Date of the transaction      20 November 2020 
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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November 25, 2020 07:14 ET (12:14 GMT)