Grainger PLC

Director's Dealing • Feb 18, 2022

National Storage Mechanism | Additional information

RNS Number : 1535C

Grainger PLC

18 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 11 December 2020 and 12 December 2021, Helen Gordon exercised her options on 14 February 2022. 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 16 February 2022 at a price of £2.901. Grainger was notified of the completion of these disposals on 17 February 2022.

The net vested shares in relation to the LTIP share awards are set out below (based on the performance conditions and assessment as set out in the Annual Report and Accounts of the relevant years together with the dividend equivalent shares). The net vested shares are subject to a 2-year holding period from the date of vesting in accordance with the Remuneration Policy.

Executive Director	Award Plan	Original number of options awarded	Number of ordinary shares vested (including dividend shares)	Number of shares sold to cover the tax and national insurance liability arising from vesting	Net vested shares subject to a 2- year holding period from the date of vesting (in respect of the LTIP awards)
Helen Gordon	Grainger 2017 LTIP	316,297	230,875	109,707	121,168
Helen Gordon	Grainger 2018 LTIP	374,640	191,362	90,932	100,430
Helen Gordon	Grainger 2017 DBSP	37,681	39,934	18,976	20,958
Helen Gordon	Grainger 2018 DBSP	55,256	58,689	27,888	30,801

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	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		Sale of shares vested under the 2017 LTIP and DBSP option plans in order to cover the tax liability arising on exercise.
d)	Price and volumes		Price: £2.901 Volumes: 247,503 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price		N/A
e)	Date of the transaction		16 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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