Grainger PLC Director/PDMR Shareholding (4241I)
December 11 2020 - 7:26AM
UK Regulatory
TIDMGRI
RNS Number : 4241I
Grainger PLC
11 December 2020
Grainger plc
("Grainger" or the "Company")
GRAINGER PLC 2017 LONG TERM INCENTIVE PLAN AND GRANT OF OPTIONS
TO DIRECTORS
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 10 December 2020 (under the LTIP
rules as amended and approved by the shareholders at the Company's
AGM on 5 February 2020).
Grant of Options
On 10 December 2020, Grainger granted Options over a total of
525,062 Shares to its Executive Directors and Persons Discharging
Managerial Responsibilities ("PDMRs") of the Company (as specified
in the table below).
Director/ PDMR Position No. of shares under Option
Helen Gordon Chief Executive Officer 350,496
------------------------- ---------------------------
Andrew Saunderson Director of Investments 87,283
------------------------- ---------------------------
Director of Land and
Michael Keaveney Development 87,283
------------------------- ---------------------------
The 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 certain performance
conditions, namely the Total Property Return ("TPR") performance,
relative Total Shareholder Return ("TSR") and Secured PRS
Investment. Half of the Shares under an Option are subject to TSR
performance conditions, a quarter of the Shares under an Option are
subject to TPR performance conditions and a quarter of the Shares
under an Option are subject to the Secured PRS Investment
performance conditions.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the person discharging managerial responsibilities
1 / 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 Ordinary Shares of 5p each in Grainger plc
of the financial
instrument,
type of instrument
b) Identification GB00B04V1276
code
c) Nature of the Grant of nil cost Options over Ordinary Shares pursuant
transaction to the Grainger plc 2017 Long Term Incentive Plan
which shall ordinarily vest and become exercisable
from the third anniversary of the grant date subject
to continued service and to the extent to which
the performance conditions set for the Option are
satisfied
d) Price and volumes Price - Nil
Volume: 350,496 Ordinary Shares
d) Aggregated
information N/A
- Aggregated
volume
- Price
e) Date of the 10 December 2020
transaction
f) Place of the Outside a trading venue
transaction
Details of the person discharging managerial responsibilities
1 / 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 Ordinary Shares of 5p each in Grainger plc
of the financial
instrument,
type of instrument
b) Identification GB00B04V1276
code
c) Nature of Grant of nil cost Options over Ordinary Shares
the transaction pursuant to the Grainger plc 2017 Long Term Incentive
Plan which shall ordinarily vest and become exercisable
from the third anniversary of the grant date subject
to continued service and to the extent to which
the performance conditions set for the Option are
satisfied
d) Price and Price - Nil
volumes Volumes: 87,283 Ordinary Shares
d) Aggregated
information N/A
- Aggregated
volume
- Price
e) Date of the 10 December 2020
transaction
f) Place of the Outside a trading venue
transaction
Details of the person discharging managerial responsibilities
1 / 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 Ordinary Shares of 5p each in Grainger plc
of the financial
instrument,
type of instrument
b) Identification GB00B04V1276
code
c) Nature of Grant of nil cost Options over Ordinary Shares
the transaction pursuant to the Grainger plc 2017 Long Term Incentive
Plan which shall ordinarily vest and become exercisable
from the third anniversary of the grant date subject
to continued service and to the extent to which
the performance conditions set for the Option are
satisfied
d) Price and Price - Nil
volumes Volumes: 87,283 Ordinary Shares
d) Aggregated
information N/A
- Aggregated
volume
- Price
e) Date of the 10 December 2020
transaction
f) Place of the Outside a trading venue
transaction
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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