Grainger PLC

Remuneration Information • Dec 11, 2020

National Storage Mechanism | Additional information

RNS Number : 4239I

Grainger PLC

11 December 2020

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 2020. 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 2020, Grainger granted Options of a total of 67,136 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 2020 DBSP
Helen Gordon	Chief Executive Officer	43,397
Andrew Saunderson	Director of Investments	12,541
Michael Keaveney	Director of Land and Development	11,198

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: 43,397 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price		N/A
e)	Date of the transaction		10 December 2020
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: 12,541 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transaction	10 December 2020
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: 11,198 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price	N/A
e)	Date of the transaction	10 December 2020
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

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