Grainger PLC Director/PDMR Shareholding

RNS Number : 1584R

Grainger PLC

23 December 2024

 

Grainger plc

("Grainger" or the "Company")

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

Grainger announces that pursuant to the Company's Deferred Bonus Share Plan ("DBSP") and Long Terms Incentive Plan ("LTIP"), Michael Keaveny, Director of Land & Development and PDMR, has completed the following exercise of awards and sale of the resulting ordinary shares of 5 pence each in the Company ("Shares").

In order to fund the income tax and NIC liability arising from the award exercises, sale of Shares (as set out below) took place on 19 December 2024 at an average price of £2.21.

Award	Number of vested Shares subject to exercised award (including dividend equivalent Shares)	Number of Shares sold to cover tax and NIC liability arising on exercise	Number of Shares retained
2020 LTIP	29,433	14,197	15,236
2021 LTIP	38,860	18,744	20,116
2021 DBSP	12,264	5,916	6,348

 

The notifications below, made in accordance with the requirements of the UK 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)	Name	Michael Keaveney
2	Reason for the notification
a)	Position/status	Director of Land & 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 of the financial instrument, type of instrument		Ordinary Shares of 5p each in Grainger plc
b)	Identification code		GB00B04V1276
c)	Nature of the transaction		Exercise of 1) 2019 LTIP Award; and 2) 2021 LTIP Award; and 3) 2021 DBSP award
d)	Price and volumes		Price(s) Volume(s) 1) Nil 29,433 2) Nil 38,860 3) Nil 12,264
d)	Aggregated information  - Aggregated volume - Price		Price Aggregate Volume Nil 80,557
e)	Date of the transaction		19 December 2024
f)	Place of the transaction		Outside a trading venue

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Keaveney
2	Reason for the notification
a)	Position/status	Director of Land & 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 of the financial instrument, type of instrument		Ordinary Shares of 5p each in Grainger plc
b)	Identification code		GB00B04V1276
c)	Nature of the transaction		Sale of shares resulting from exercise of 2019 Recruitment Award and 2021 DBSP award to fund payment of income tax and NIC liability arising on exercise.
d)	Price and volumes		Price(s) Volume(s) 2.21 38,857
d)	Aggregated information  - Aggregated volume - Price		Price Aggregate Volume 2.21 38,857
e)	Date of the transaction		19 December 2024
f)	Place of the transaction		London Stock Exchange

 

Name of authorised official of issuer responsible for making notification:

Sapna B FitzGerald, Group General Counsel and Company Secretary

 

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