Director/PDMR Shareholding

RNS Number : 4427K
Grainger PLC
13 December 2018
 

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 12 December 2018. The DBSP includes the compulsory deferral of 25% of any bonus payable to participants into shares for a period of three years.

Grant of Options

On 12 December 2018, Grainger granted Options of a total of 126,431 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 DBSP

Helen Gordon

Chief Executive Officer

55,256

Vanessa Simms

Chief Financial Officer

33,863

John Kenny

Chief Operating Officer

13,992

Andrew Saunderson

Director of Investments

13,992

Michael Keaveney

Director of Land and Development

9,328

Vesting of the Options is not subject to any performance conditions and the only condition is the three-year holding period applied under the rules of the DBSP.

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.

 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 the financial instrument, type of instrument

 

Ordinary Shares of 5p each in Grainger plc

b)

Identification code 

 

GB00B04V1276

c)

 

Nature of the transaction 

 

Grant of nil cost Options over Ordinary Shares 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 volumes

Price - Nil

Volume: 55,256 Ordinary Shares

d)

 

Aggregated information 

- Aggregated volume

- Price

 

N/A

 

e)

 

Date of the transaction 

 12 December 2018

f)

Place of the transaction

Outside a trading venue

 

 

 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 the financial instrument, type of instrument

Ordinary Shares of 5p each in Grainger plc

b)

Identification code 

 

GB00B04V1276

c)

 

Nature of the transaction 

 

Grant of nil cost Options over Ordinary Shares 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 volumes

Price - Nil

Volumes: 33,863 Ordinary Shares

 

d)

 

Aggregated information 

- Aggregated volume

- Price

 

N/A

 

e)

 

Date of the transaction 

12 December 2018

f)

Place of the transaction

Outside a trading venue

 

 

 1

 

Details of the person discharging managerial responsibilities / person closely associated 

a)

 

Names 

John Kenny 

2

 

Reason for the notification

a)

 

Position/status

 

Chief Operating Officer, 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 

 

Grant of nil cost Options over Ordinary Shares 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 volumes

Price - Nil

Volumes: 13,992 Ordinary Shares

d)

 

Aggregated information 

- Aggregated volume

- Price

 

N/A

 

e)

 

Date of the transaction 

12 December 2018

f)

Place of the transaction

Outside a trading venue



 

 

 1

 

Details of the person discharging managerial responsibilities / 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 of the financial instrument, type of instrument

 

Ordinary Shares of 5p each in Grainger plc

b)

Identification code 

 

GB00B04V1276

c)

 

Nature of the transaction 

 

Grant of nil cost Options over Ordinary Shares 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 volumes

Price - Nil

Volumes: 13,992 Ordinary Shares

d)

 

Aggregated information 

- Aggregated volume

- Price

 

N/A

 

e)

 

Date of the transaction 

12 December 2018

f)

Place of the transaction

Outside a trading venue


 

 


 1

 

Details of the person discharging managerial responsibilities / 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 of the financial instrument, type of instrument

 

Ordinary Shares of 5p each in Grainger plc

b)

Identification code 

 

GB00B04V1276

c)

 

Nature of the transaction 

 

Grant of nil cost Options over Ordinary Shares 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 volumes

Price - Nil

Volumes: 9,328 Ordinary Shares

d)

 

Aggregated information 

- Aggregated volume

- Price

 

N/A

 

e)

 

Date of the transaction 

12 December 2018

f)

Place of the transaction

Outside a trading venue

Name of authorised official of issuer responsible for making notification.

 

Adam McGhin

Group General Counsel and Company Secretary


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