Grainger PLC Director/PDMR Shareholding (1373Z)
13 December 2017 - 3:28AM
UK Regulatory
TIDMGRI
RNS Number : 1373Z
Grainger PLC
12 December 2017
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 adopted a new Deferred Bonus
Share Plan ("DBSP") in accordance with its Remuneration Policy
approved by shareholders at the 2017 Annual General Meeting. The
DBSP introduces the compulsory deferral of 25% of any bonus payable
to participants into shares for a period of three years. Initial
grants of nil cost share options ("Options") over ordinary shares
of 5p each in the capital of the Company ("Shares") pursuant to the
DBSP were made on 11 December 2017.
Grant of Options
On 11 December 2017, Grainger granted Options of a total of
63,751 Shares to its Directors and Persons Discharging Managerial
Responsibilities ("PDMRs") for the Company (as specified in the
table below).
Director Position No. of shares under
2017 DBSP
--------------- ----------------- --------------------
Chief Executive
Helen Gordon Officer 34,051
--------------- ----------------- --------------------
Chief Financial
Vanessa Simms Officer 20,974
--------------- ----------------- --------------------
Chief Operating
John Kenny Officer 8,726
--------------- ----------------- --------------------
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.
Details of the person discharging managerial
1 responsibilities / person closely associated
--- -------------------------------------------------------------------
a) Names Helen Gordon
--- -------------------- ---------------------------------------------
2 Reason for the notification
--- -------------------------------------------------------------------
a) Position/status Chief Executive Officer, Director
--- -------------------- ---------------------------------------------
b) Initial Initial Notification
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 Ordinary Shares of 5p each in Grainger
of the financial plc
instrument,
type of
instrument
--- ---------------------- -------------------------------------------
b) Identification GB00B04V1276
code
--- ---------------------- -------------------------------------------
c) Nature of Grant of nil cost Options over Ordinary
the transaction 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 Price - Nil
volumes Volume: 34,051 Ordinary Shares
--- ---------------------- -------------------------------------------
d) Aggregated
information N/A
- Aggregated
volume
- Price
--- ---------------------- -------------------------------------------
e) Date of 11 December 2017
the transaction
--- ---------------------- -------------------------------------------
f) Place of Outside a trading venue
the transaction
--- ---------------------- -------------------------------------------
Details of the person discharging managerial
1 responsibilities / person closely associated
--- ---------------------------------------------------------------
a) Names Vanessa Simms
--- ------------------- ------------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------
a) Position/status Chief Financial Officer, Director
--- ------------------- ------------------------------------------
b) Initial Initial Notification
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 Ordinary Shares of 5p each in Grainger
of the plc
financial
instrument,
type of
instrument
--- ------------------- ------------------------------------------
b) Identification GB00B04V1276
code
--- ------------------- ------------------------------------------
c) Nature Grant of nil cost Options over Ordinary
of the Shares pursuant to the Grainger plc
transaction Deferred Bonus Share Plan which shall
ordinarily vest and become exercisable
from the third anniversary of the grant
date.
--- ------------------- ------------------------------------------
d) Price and Price - Nil
volumes Volumes: 20,974 Ordinary Shares
--- ------------------- ------------------------------------------
d) Aggregated
information N/A
- Aggregated
volume
- Price
--- ------------------- ------------------------------------------
e) Date of 11 December 2017
the transaction
--- ------------------- ------------------------------------------
f) Place of Outside a trading venue
the transaction
--- ------------------- ------------------------------------------
Details of the person discharging managerial
1 responsibilities / person closely associated
--- ---------------------------------------------------------------
a) Names John Kenny
--- -------------------- -----------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------
a) Position/status Chief Operating Officer, PDMR
--- -------------------- -----------------------------------------
b) Initial Initial Notification
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 Ordinary Shares of 5p each in Grainger
of the financial plc
instrument,
type of
instrument
--- -------------------- -----------------------------------------
b) Identification GB00B04V1276
code
--- -------------------- -----------------------------------------
c) Nature of Grant of nil cost Options over Ordinary
the transaction 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 Price - Nil
volumes Volumes: 8,726 Ordinary Shares
--- -------------------- -----------------------------------------
d) Aggregated
information N/A
- Aggregated
volume
- Price
--- -------------------- -----------------------------------------
e) Date of 11 December 2017
the transaction
--- -------------------- -----------------------------------------
f) Place of Outside a trading venue
the transaction
--- -------------------- -----------------------------------------
Name of authorised official of issuer responsible for making
notification.
Adam McGhin
Group General Counsel and Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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