Grainger PLC

Director's Dealing • Mar 8, 2017

National Storage Mechanism | Additional information

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RNS Number : 8712Y

Grainger PLC

08 March 2017

Grainger plc

("Grainger" or the "Company") 

GRAINGER PLC BUY OUT AWARD VESTING

The Company announces that the second tranche of the buyout award granted to Helen Gordon, CEO, on 12 January 2016, vested on 7 March 2017. Following an assessment of the applicable performance conditions, 21,353 shares options vested (30.8% of the 69,328 share award).

Arrangements are in hand to transfer the vested shares from the Grainger plc Employee Benefits Trust to the Executive Director.

The total shareholding of Helen Gordon after this transaction is:

Chief Executive Director	Holding prior to notification	Holding following notification	Percentage holding following notification
Helen Gordon	80,943	102,296	0.02%

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.

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	Exercise of buyout award that vested on 7 March 2017
d)	Price and volumes	1.   Exercise Price - Nil; Volume: 21,353 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price	Volume: 21,353 Ordinary Shares       Price - Nil
e)	Date of the transaction	8 March 2017
f)	Place of the transaction	Outside a Trading Venue

Name of authorised official of issuer responsible for making notification.

Adam McGhin

Group General Counsel and Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

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