Grainger PLC

Remuneration Information • Dec 20, 2021

National Storage Mechanism | Additional information

RNS Number : 1982W

Grainger PLC

20 December 2021

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 2017 Long Term Incentive Plan ("LTIP") on 16 December 2021 (under the LTIP rules as amended and approved by the shareholders at the Company's AGM on 5 February 2020).

Grant of Options

On 16 December 2021, Grainger granted Options over a total of 721,110 Shares to its Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") of the Company (as specified in the table below).

Director/ PDMR	Position	No. of shares under Option
Helen Gordon	Chief Executive Officer	325,665
Rob Hudson	Chief Financial Officer	233,045
Michael Keaveney	Director of Land and Development	81,200
John Blanshard	Director of Operations	81,200

The Options will generally vest and become exercisable three years from the date of grant, subject to continued employment. Vesting of the Options is subject to certain performance conditions, namely the Total Property Return ("TPR") performance, relative Total Shareholder Return ("TSR") and Secured PRS Investment. One third of the Shares under an Option are subject to TSR performance conditions, one third of the Shares under an Option are subject to TPR performance conditions and one third of the Shares under an Option are subject to the Secured PRS Investment 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 Option are satisfied
d)	Price and volumes		Price - Nil Volume: 325,665 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price		N/A
e)	Date of the transaction		16 December 2021
f)	Place of the transaction		Outside a trading venue

1		Details of the person discharging managerial responsibilities / person closely associated
a)		Names		Rob Hudson
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 Option are satisfied
d)		Price and volumes		Price - Nil Volumes:   233,045 Ordinary Shares
d)		Aggregated information  - Aggregated volume - Price		N/A
e)		Date of the transaction		16 December 2021
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 Option are satisfied
d)		Price and volumes		Price - Nil Volumes: 81,200 Ordinary Shares
d)		Aggregated information  - Aggregated volume - Price		N/A
e)		Date of the transaction		16 December 2021
f)		Place of the transaction		Outside a trading venue
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names		John Blanshard
2	Reason for the notification
a)	Position/status		Director of Operations, 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 Option are satisfied
d)	Price and volumes				Price - Nil Volume: 81,200 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price				N/A
e)	Date of the transaction				16 December 2021
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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