Remuneration Information • Dec 12, 2019
Remuneration Information
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RNS Number : 6666W
Grainger PLC
12 December 2019
Grainger plc
("Grainger" or the "Company")
GRAINGER PLC DEFERRED BONUS SHARE PLAN AND GRANT OF OPTIONS TO DIRECTORS/PDMRs
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 Deferred Bonus Share Plan ("DBSP") on 10 December 2019. The DBSP includes the compulsory deferral of 25% of any bonus payable to participants into Options over Shares for a period of three years.
Grant of Options
On 10 December 2019, Grainger granted Options of a total of 48,466 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 2019 DBSP |
| Helen Gordon | Chief Executive Officer | 16,429 |
| Vanessa Simms | Chief Financial Officer | 9,796 |
| Andrew Saunderson | Director of Investments | 10,676 |
| Michael Keaveney | Director of Land and Development | 11,565 |
Vesting of the Options is not subject to any performance conditions and, subject to continued employment with Grainger, the Options will normally become exercisable after the three-year vesting period.
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 Deferred Bonus Share Plan which shall ordinarily vest and become exercisable from the third anniversary of the grant date. | |
| d) | Price and volumes | Price - Nil Volume: 16,429 Ordinary Shares |
|
| d) | Aggregated information - Aggregated volume - Price |
N/A | |
| e) | Date of the transaction | 10 December 2019 | |
| 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 Deferred Bonus Share Plan which shall ordinarily vest and become exercisable from the third anniversary of the grant date. |
| d) | Price and volumes | Price - Nil Volumes: 9,796 Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price |
N/A |
| e) | Date of the transaction | 10 December 2019 |
| 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 Deferred Bonus Share Plan which shall ordinarily vest and become exercisable from the third anniversary of the grant date. |
| d) | Price and volumes | Price - Nil Volumes: 10,676 Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price |
N/A |
| e) | Date of the transaction | 10 December 2019 |
| 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 Deferred Bonus Share Plan which shall ordinarily vest and become exercisable from the third anniversary of the grant date. |
| d) | Price and volumes | Price - Nil Volumes: 11,565 Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price |
N/A |
| e) | Date of the transaction | 10 December 2019 |
| 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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