GRAINGER PLC
("GRAINGER" OR THE "COMPANY")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
GRANT OF OPTIONS UNDER THE GRAINGER PLC DEFERRED BONUS SHARE PLAN
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 11 December 2023. The Options have been granted in respect of the compulsory deferral of 25% of the 2023 annual bonus into Shares for a period of 3 years.
Grant of Options
On 11 December 2023, Grainger granted Options over a total of 154,566 Shares to its Executive Directors and Persons Discharging Managerial Responsibilities ("PDMRs") of the Company (as specified in the table below).
| Name of Director/ PDMR | Position | No. of shares under Option |
| Helen Gordon | Chief Executive Officer (Director) | 70,844
|
| Rob Hudson | Chief Financial Officer (Director) | 48,257
|
| Michael Keaveney | Director of Land and Development (PDMR) | 17,969
|
| Eliza Pattinson | Director of Operations and Asset Management (PDMR) | 17,496 |
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 UK Market Abuse Regulation, provides further detail.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Helen Gordon | |
| 2 | Reason for the notification | ||
| a) | Position/status
| Chief Executive Officer / Director | |
| b) | Initial notification /Amendment
| 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 £0.05 each
| |
| b)
| Identification code
| ISIN: GB00B04V1276 | |
| c)
| Nature of the transaction
| Grant of nil cost Option over Ordinary Shares pursuant to the Deferred Bonus Share Plan | |
| d)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
| 1. £nil
| 1. 70,844
| ||
| e)
| Aggregated information
- Aggregated volume
- Price
|
N/A
| |
| f)
| Date of the transaction
| 11 December 2023 | |
| g)
| Place of the transaction
| Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Rob Hudson | |
| 2 | Reason for the notification | ||
| a) | Position/status
| Chief Financial Officer / Director | |
| b) | Initial notification /Amendment
| 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 £0.05 each
| |
| b)
| Identification code
| ISIN: GB00B04V1276 | |
| c)
| Nature of the transaction
| Grant of nil cost Option over Ordinary Shares pursuant to the Deferred Bonus Share Plan | |
| d)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
| 1. £nil
| 1. 48,257
| ||
| e)
| Aggregated information
- Aggregated volume
- Price
|
N/A
| |
| f)
| Date of the transaction
| 11 December 2023 | |
| g)
| Place of the transaction
| Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name
| Michael Keaveney | |
| 2 | Reason for the notification | ||
| a) | Position/status
| Director of Land and Development / PDMR | |
| b) | Initial notification /Amendment
| 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 £0.05 each
| |
| b)
| Identification code
| ISIN: GB00B04V1276 | |
| c)
| Nature of the transaction
| Grant of nil cost Option over Ordinary Shares pursuant to the Deferred Bonus Share Plan | |
| d)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
| 1. £nil
| 1. 17,969
| ||
| e)
| Aggregated information
- Aggregated volume
- Price
|
N/A
| |
| f)
| Date of the transaction
| 11 December 2023 | |
| g)
| Place of the transaction
| Outside a trading venue | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name
| Eliza Pattinson | |
| 2 | Reason for the notification | ||
| a) | Position/status
| Director of Operations and Asset Management / PDMR
| |
| b) | Initial notification /Amendment
| 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 £0.05 each
| |
| b)
| Identification code
| ISIN: GB00B04V1276 | |
| c)
| Nature of the transaction
| Grant of nil cost Option over Ordinary Shares pursuant to the Deferred Bonus Share Plan | |
| d)
| Price(s) and volume(s)
| Price(s)
| Volume(s) |
| 1. £nil
| 1. 17,496
| ||
| e)
| Aggregated information
- Aggregated volume
- Price
|
N/A
| |
| f)
| Date of the transaction
| 11 December 2023 | |
| g)
| Place of the transaction
| Outside a trading venue | |
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