Director/PDMR Shareholding

RNS Number : 4239I
Grainger PLC
11 December 2020
 

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 2020. 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 2020, Grainger granted Options of a total of 67,136 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 2020 DBSP

Helen Gordon

Chief Executive Officer

43,397

Andrew Saunderson

Director of Investments

12,541

Michael Keaveney

Director of Land and Development

11,198

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.

 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: 43,397 Ordinary Shares

d)

 

Aggregated information 

- Aggregated volume

- Price

 

N/A

 

e)

 

Date of the transaction 

10 December 2020

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: 12,541 Ordinary Shares

d)

 

Aggregated information 

- Aggregated volume

- Price

 

N/A

 

e)

 

Date of the transaction 

10 December 2020

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: 11,198 Ordinary Shares

d)

 

Aggregated information 

- Aggregated volume

- Price

 

N/A

 

e)

 

Date of the transaction 

10 December 2020

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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