Grainger PLC Director/PDMR Shareholding (0450Q)
14 February 2019 - 10:42PM
UK Regulatory
TIDMGRI
RNS Number : 0450Q
Grainger PLC
14 February 2019
Grainger plc
("Grainger" or the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Grainger plc announces that further to the announcement made on
24 January 2019 and pursuant to the Grainger 2007 Long Term
Incentive Plan, that in respect of the shares that vested on 23
January 2019, the following sale of ordinary shares by Helen Gordon
and Vanessa Simms took place on 12 February 2019 at a price of
GBP2.42 in order to fund the resulting tax liability arising from
the vesting as set out below. Grainger plc was notified of this
transaction on 13 February 2019.
Arrangements are in hand to transfer the remaining shares that
vested from the Grainger plc Employee Benefits Trust to the
Executive Directors.
Executive Award Plan Original number Number of Number of
Director of options ordinary shares shares sold
awarded vested based to cover
on the performance the tax liability
conditions arising from
vesting
Grainger 2007
Helen Gordon LTIP 381,270 30,089 13,465
--------------- ---------------- -------------------- -------------------
Grainger 2007
Vanessa Simms LTIP 157,962 12,466 5,579
--------------- ---------------- -------------------- -------------------
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 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 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 2007 LTIP option
transaction plan in order to cover the tax liability arising
on exercise.
d) Price and volumes Price: GBP2.426
Volumes: 13,465 Ordinary Shares
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 12 February 2019
f) Place of the transaction London Stock Exchange
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 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 2007 LTIP option
transaction plan in order to cover the tax liability arising
on exercise.
d) Price and volumes Price: GBP2.426
Volumes: 5,579 Ordinary Shares
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 12 February 2019
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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