Grainger PLC Director/PDMR Shareholding (5143Z)
15 December 2017 - 10:25PM
UK Regulatory
TIDMGRI
RNS Number : 5143Z
Grainger PLC
15 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 made the following grant of
nil cost share options ("Options") over ordinary shares of 5p each
in the capital of the Company ("Shares") pursuant to the Grainger
plc Deferred Bonus Share Plan ("DBSP") on 14 December 2017.
Grant of Options
On 14 December 2017, Grainger granted Options of a total of
8,726 Shares to Andrew Saunderson, a Person Discharging Managerial
Responsibilities ("PDMR") of the Company.
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 Andrew Saunderson
--- -------------------- -----------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------
a) Position/status Director of Investments, 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 14 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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