Director's Dealing • Dec 13, 2018
Director's Dealing
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National Storage Mechanism | Additional information
RNS Number : 4431K
Grainger PLC
13 December 2018
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 the 2017 Long Term Incentive Plan ("LTIP") on 12 December 2018.
Grant of Options
On 12 December 2018, Grainger granted Options of a total of 891,682 Shares to its Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") of the Company (as specified in the table below).
| Director | Position | No. of shares under 2017 LTIP |
| Helen Gordon | Chief Executive Officer | 374,640 |
| Vanessa Simms | Chief Financial Officer | 193,602 |
| John Kenny | Chief Operating Officer | 111,693 |
| Andrew Saunderson | Director of Investments | 104,735 |
| Michael Keaveney | Director of Land and Development | 107,012 |
Vesting of the Options is subject to certain performance conditions, namely the Total Property Return ("TPR") performance and relative Total Shareholder Return ("TSR"). Half of the Shares under an Option are subject to TPR performance conditions, and half of the Shares under an Option are subject to TSR 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.
| 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 | Grant of nil cost Options over Ordinary Shares 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 Award are satisfied | |
| d) | Price and volumes | Price - Nil Volume: 374,640 Ordinary Shares |
|
| d) | Aggregated information - Aggregated volume - Price |
N/A | |
| e) | Date of the transaction | 12 December 2018 | |
| f) | Place of the transaction | Outside a trading venue | |
| 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 | Grant of nil cost Options over Ordinary Shares 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 Award are satisfied |
| d) | Price and volumes | Price - Nil Volumes: 193,602 Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price |
N/A |
| e) | Date of the transaction | 12 December 2018 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Names | John Kenny |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Operating Officer, 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 | Grant of nil cost Options over Ordinary Shares 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 Award are satisfied |
| d) | Price and volumes | Price - Nil Volumes: 111,693 Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price |
N/A |
| e) | Date of the transaction | 12 December 2018 |
| f) | Place of the transaction | Outside a trading venue |
| 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 the financial instrument, type of instrument | Ordinary Shares of 5p each in Grainger plc |
| b) | Identification code | GB00B04V1276 |
| c) | Nature of the transaction | Grant of nil cost Options over Ordinary Shares 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 Award are satisfied |
| d) | Price and volumes | Price - Nil Volumes: 104,735 Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price |
N/A |
| e) | Date of the transaction | 12 December 2018 |
| f) | Place of the transaction | Outside a trading venue |
| 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 | Grant of nil cost Options over Ordinary Shares 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 Award are satisfied |
| d) | Price and volumes | Price - Nil Volumes: 107,012 Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price |
N/A |
| e) | Date of the transaction | 12 December 2018 |
| 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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