Grainger plc
("Grainger" or the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Grainger announces that pursuant to the Company's Deferred Bonus Share Plan ("DBSP") and one-off recruitment awards, Rob Hudson, Chief Financial Officer, has completed the following exercise of awards and sale of the resulting ordinary shares of 5 pence each in the Company ("Shares"). Following these transactions, Rob transferred 52,649 Shares to his civil partner Robert Driscoll, a person closely associated ("PCA") with him.
Following these transactions Rob's total shareholding is 171,773. Rob's total shareholding includes (a) Shares held by Link Market Services Trustees and held pursuant to Grainger's Share Incentive Plan (SIP); and (b) Shares held by his PCA.
In order to fund the income tax and NIC liability arising from the award exercises, sale of Shares (as set out below) took place on 19 December 2024 at an average price of £2.205.
| Award | Number of vested Shares subject to exercised award (including dividend equivalent Shares) | Number of Shares sold to cover tax and NIC liability arising on exercise | Number of Shares retained |
| 2019 Recruitment Award | 98,902 | 47,494 | 51,408 |
| 2021 DBSP | 2,389 | 1,148 | 1,241
|
The notifications below, made in accordance with the requirements of the UK 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)
| Name | 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
| Exercise of 1) 2019 Recruitment Award and 2) 2021 DBSP award | ||||||||||
| d)
| Price and volumes |
| ||||||||||
| d)
| Aggregated information - Aggregated volume - Price |
| ||||||||||
| e)
| Date of the transaction | 19 December 2024 | ||||||||||
| f) | 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
| PDMR: 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
| Sale of shares resulting from exercise of 2019 Recruitment Award and 2021 DBSP award to fund payment of income tax and NIC liability arising on exercise. | |||||
| d)
| Price and volumes |
| |||||
| d)
| Aggregated information - Aggregated volume - Price |
| |||||
| e)
| Date of the transaction | 19 December 2024 | |||||
| f) | Place of the transaction | London Stock Exchange | |||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated | ||||||
| a)
| Name | PDMR - Rob Hudson PCA - Robert Driscoll | |||||
| 2
| Reason for the notification | ||||||
| a)
| Position/status
| PDMR - Chief Financial Officer/Director PCA - Person closely associated with 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
| Transfer of 52,649 Ordinary Shares of £0.05 each to Robert Driscoll, PCA of Rob Hudson | |||||
| d)
| Price and volumes |
| |||||
| d)
| Aggregated information - Aggregated volume - Price |
| |||||
| e)
| Date of the transaction | 19 December 2024 | |||||
| f) | Place of the transaction | Outside a trading venue | |||||
Name of authorised official of issuer responsible for making notification:
Sapna B FitzGerald, Group General Counsel and Company Secretary
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