REG - Grainger PLC - Director/PDMR Shareholding

GraingerAnnouncement

25/11/2020 12:15

RNS Number : 4979G
  
Grainger PLC
  
25 November 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 9 February 2020, Helen Gordon and Vanessa Simms exercised their respective options on 19 November 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 20 November 2020 at a price of £3.064. Grainger was notified of the completion of these disposals on 23 November 2020.
 
The net vested shares (based on the performance conditions and assessment as set out in the 2019 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 Director


Award Plan


Original number of options awarded


Number of ordinary shares vested (including dividend shares) 
 


Number of shares sold to cover the tax and national insurance liability arising from vesting
 


Net vested shares subject to a 2- year holding period from the date of vesting 




Helen Gordon
 


Grainger 2017 LTIP
 


364,254


139,026 


65,816


73,210




Vanessa Simms
 


Grainger 2017 LTIP
 


188,235


71,844


34,012


37,832



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 the financial instrument, type of instrument
 


Ordinary Shares of 5p each in Grainger plc




b)


Identification code 
 


GB00B04V1276




c)
 


Nature of the transaction 


Sale of shares vested under the 2007 LTIP option plan in order to cover the tax liability arising on exercise. 




d)
 
 


Price and volumes


Price: £3.064 
Volumes: 65,816 Ordinary Shares
 




d)
 


Aggregated information 
- Aggregated volume
- Price


 
 N/A




e)
 


Date of the transaction 


 20 November 2020 




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 the financial instrument, type of instrument
 


Ordinary Shares of 5p each in Grainger plc




b)


Identification code 
 


GB00B04V1276




c)
 


Nature of the transaction 
 


Sale of shares vested under the 2007 LTIP option plan in order to cover the tax liability arising on exercise.




d)
 


Price and volumes


Price: £3.064
Volumes: 34,012 Ordinary Shares
 




d)
 


Aggregated information 
- Aggregated volume
- Price


 
 N/A




e)
 


Date of the transaction 


 20 November 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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