Grainger PLC Director/PDMR Shareholding (7503J)
24 December 2020 - 6:00PM
UK Regulatory
TIDMGRI
RNS Number : 7503J
Grainger PLC
24 December 2020
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, in respect of the shares that vested on 11
December 2020, Vanessa Simms and Andrew Saunderson exercised their
respective options on 21 December 2020. In order to fund the
resulting tax and national insurance liability arising from the
exercise, disposals of ordinary shares (as set out below) took
place on 22 December 2020 at a price of GBP2.8271. Grainger was
notified of the completion of these disposals on 23 December
2020.
The net vested shares ( based on the performance conditions and
assessment as set out in the 2020 Annual Report and Accounts and
including the dividend equivalent shares as noted in the 2020
Annual Report & Accounts) as set out below are subject to a
2-year holding period from the date of vesting in accordance with
the Remuneration Policy.
Executive Award Plan Original Number of Number of Net vested
Director/PDMR number ordinary shares sold shares subject
of options shares vested to cover to a 2- year
awarded (including the tax and holding period
dividend national from the
shares) insurance date of vesting
liability
arising from
vesting
Grainger
Vanessa Simms 2017 LTIP 163,453 115,832 53,372 62,460
------------ ------------ --------------- -------------- -----------------
Grainger
Andrew Saunderson 2017 LTIP 81,039 57,429 26,462 30,967
------------ ------------ --------------- -------------- -----------------
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 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 2017 LTIP option
transaction plan in order to cover the tax liability arising
on exercise.
d) Price and volumes Price: GBP2.8271
Volumes: 53,372 Ordinary Shares
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 22 December 2020
f) Place of the transaction London Stock Exchange
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 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 2017 LTIP option
transaction plan in order to cover the tax liability arising
on exercise.
d) Price and volumes Price: GBP2.8271
Volumes: 26,462 Ordinary Shares
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 22 December 2020
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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