RNS Number : 8235Q
Grainger PLC
19 December 2024
 

GRAINGER PLC

("GRAINGER" OR THE "COMPANY")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

GRANT OF OPTIONS UNDER THE GRAINGER PLC 2017 LONG TERM INCENTIVE PLAN

The Company announces that it has made the following grants of nil cost share options ("Options") over ordinary shares of 5p each in the capital of the Company ("Shares") pursuant to the 2017 Long Term Incentive Plan ("LTIP") on 18 December 2024.

Grant of Options

On 18 December 2024, Grainger granted Options over a total of 1,122,815 Shares to its Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") of the Company (as specified in the table below).

Director/ PDMR

Position

Number of shares under Option

Helen Gordon

Chief Executive Officer (Director)

515,032

Rob Hudson 

Chief Financial Officer (Director)

351,575

Michael Keaveney

Director of Land and Development (PDMR)

137,254

Eliza Pattinson

Director of Operations and Asset Management (PDMR)

118,954

 

Options will generally vest and become exercisable three years from the date of grant, subject to continued employment. Vesting of the Options is subject to performance conditions, details of which are set out in the 2024 Annual Report on page 108. 

A holding period of two years from date of vesting is also applicable to the Options granted to the Executive Directors.

All vested awards normally remain exercisable until 10 years from their grant.

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Helen Gordon

2

Reason for the notification

a)

Position/status

 

Chief Executive Officer

 

b)

Initial notification /Amendment

 

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 the financial instrument, type of instrument

 

 Ordinary Shares of £0.05 each

 

b)

 

Identification code

 

 ISIN: GB00B04V1276

c)

 

Nature of the transaction

 

Grant of a nil cost Option over Shares pursuant to the Grainger plc 2017 Long Term Incentive Plan

d)

 

Price(s) and volume(s)

 

 

 Price(s)

 

   Volume(s)

1.  £nil

 

1.   515,032

 

e)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

 

 

f)

 

Date of the transaction

 

18 December 2024

g)

 

Place of the transaction

 

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Rob Hudson 

2

Reason for the notification

a)

Position/status

 

Chief Financial Officer

 

b)

Initial notification /Amendment

 

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 the financial instrument, type of instrument

 

 Ordinary Shares of £0.05 each

 

b)

 

Identification code

 

 ISIN: GB00B04V1276

c)

 

Nature of the transaction

 

Grant of a nil cost Option over Shares pursuant to the Grainger plc 2017 Long Term Incentive Plan

d)

 

Price(s) and volume(s)

 

 

 Price(s)

 

   Volume(s)

1.  £nil

 

1. 351,575

 

e)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

 

 

f)

 

Date of the transaction

 

18 December 2024

g)

 

Place of the transaction

 

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Michael Keaveney

2

Reason for the notification

a)

Position/status

 

Director of Land and Development (PDMR)

b)

Initial notification /Amendment

 

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 the financial instrument, type of instrument

 

 Ordinary Shares of £0.05 each

 

b)

 

Identification code

 

 ISIN: GB00B04V1276

c)

 

Nature of the transaction

 

Grant of a nil cost Option over Shares pursuant to the Grainger plc 2017 Long Term Incentive Plan

d)

 

Price(s) and volume(s)

 

 

 Price(s)

 

   Volume(s)

1.  £nil

 

1.  137,254

 

e)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

 

 

f)

 

Date of the transaction

 

18 December 2024

g)

 

Place of the transaction

 

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 Eliza Pattinson

2

Reason for the notification

a)

Position/status

 

Director of Operations and Asset Management (PDMR)

 

b)

Initial notification /Amendment

 

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 the financial instrument, type of instrument

 

 Ordinary Shares of £0.05 each

 

b)

 

Identification code

 

 ISIN: GB00B04V1276

c)

 

Nature of the transaction

 

Grant of a nil cost Option over Shares pursuant to the Grainger plc 2017 Long Term Incentive Plan

d)

 

Price(s) and volume(s)

 

 

 Price(s)

 

   Volume(s)

1.  £nil

 

1.  118,954

 

e)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

N/A

 

 

f)

 

Date of the transaction

 

18 December 2024

g)

 

Place of the transaction

 

Outside a trading venue

 

 

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