Grainger PLC Director/PDMR Shareholding (1492H)
25 July 2023 - 11:20PM
UK Regulatory
TIDMGRI
RNS Number : 1492H
Grainger PLC
25 July 2023
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 ("LTIP"), in respect of the shares that vested
on 6 February 2023, Mike Keaveney, PDMR, exercised his share
options on 11 July 2023. In order to fund the resulting tax and
national insurance liability arising from the exercise, a disposal
of 29,011 ordinary shares took place on 21 July 2023 at a price of
GBP2.56. Grainger was notified of the completion of this disposal
on 25 July 2023.
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 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 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 Grainger LTIP
transaction in order to cover the tax liability arising
on exercise.
d) Price and volumes Price: GBP2.56
Volumes: 29,011 Ordinary Shares
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 21 July 2023
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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END
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