Grainger PLC Director/PDMR Shareholding (7500J)
December 24 2020 - 1:00AM
UK Regulatory
TIDMGRI
RNS Number : 7500J
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 Deferred
Bonus Share Plan ("DBSP"), 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.
Executive Award Original Number of Number of Net vested
Director/PDMR Plan number of ordinary shares sold shares
options shares vested to cover
awarded (including the tax and
dividend national
shares) insurance
liability
arising from
vesting
Grainger
Vanessa Simms DBSP 23,210 24,597 11,334 13,263
---------- ----------- --------------- -------------- -----------
Grainger
Andrew Saunderson DBSP 9,656 10,233 4,716 5,517
---------- ----------- --------------- -------------- -----------
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 Grainger Deferred
transaction Bonus Share Plan in order to cover the tax
liability arising on exercise.
d) Price and volumes Price: GBP2.8271
Volumes: 11,334 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 Grainger Deferred
transaction Bonus Share Plan in order to cover the tax
liability arising on exercise.
d) Price and volumes Price: GBP2.8271
Volumes: 4,716 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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