REG - Grainger PLC - Director/PDMR Shareholding

GraingerAnnouncement

08/02/2022 10:15

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RNS Number : 0332B  Grainger PLC  08 February 2022

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 ("LTIP") and the Grainger Deferred Bonus Share Plan ("DBSP"), in respect
of the shares that vested on 12 December 2021, Mike Keaveney, PDMR, exercised
his share options on 25 January 2022. In order to fund the resulting tax and
national insurance liability arising from the exercise, a disposal of 28,925
ordinary shares took place on 3 February 2022 at a price of £3.00. Grainger
was notified of the completion of these disposals on 4 February 2022.

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                           Michael Keaveney

 2    Reason for the notification

 a)   Position/status                 Director of Land and Development /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 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 Grainger DBSP and LTIP in order to cover the

                                                                    tax liability arising on exercise.

 d)   Price and volumes                                               Price: £3.00

                                                                      Volumes: 28,925  Ordinary Shares

 d)   Aggregated information

      - Aggregated volume                                              N/A

      - Price
 e)   Date of the transaction                                          3 February 2022

 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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