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") Helen Gordon (Group CEO) and Eliza Patterson (PDMR) have completed the following exercise of awards and sale of the resulting ordinary shares of 5 pence each in the Company ("Shares").
The sale of Shares took place between 10th and 15th January 2025 at an average price of £2.153.
|
| Award | Number of vested Shares subject to exercised award (including dividend equivalent Shares) | Number of Shares sold | Number of Shares retained |
| Helen Gordon | 2019 DBSP | 17,340 | 8,179 | 9,142 |
| 2020 DBSP | 46,100 | 21,813 | 24,306 | |
| 2021 DBSP | 40,920 | 19,345 | 21,575 | |
| Eliza Pattinson | 2021 DBSP | 5,255 | 5,255 | - |
| 2021 LTIP | 11,603 | 11,603 | - |
The sale of Shares by Helen and Eliza included the sale of Shares to fund the income tax and NIC liability arising from the related award exercises. Following these transactions Helen's total shareholding is 662,433 and this includes (a) Shares held by Link Market Services Trustees and held pursuant to Grainger's Share Incentive Plan (SIP); and (b) Shares held both legally and beneficially by Helen.
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 | Helen Gordon | |||||||||||||
| 2
| Reason for the notification | ||||||||||||||
| a)
| Position/status
| Group CEO/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 DBSP and 2) 2020 DBSP award and 3) 2021 DBSP | |||||||||||||
| d)
| Price and volumes |
| |||||||||||||
| d)
| Aggregated information - Aggregated volume - Price |
| |||||||||||||
| e)
| Date of the transaction | Between 10 and 15 January 2025 | |||||||||||||
| f) | Place of the transaction | Outside a trading venue | |||||||||||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated | ||||||||
| a)
| Name | Helen Gordon | |||||||
| 2
| Reason for the notification | ||||||||
| a)
| Position/status
| Group CEO/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 DBSP; 2020 DBSP and 2021 DBSP awards 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 | 14 and 15 January 2025 | |||||||
| f) | Place of the transaction | London Stock Exchange | |||||||
| 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 | |||||||
| 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) 2021DBSP; and 2) 2021 LTIP award | |||||||
| d)
| Price and volumes |
| |||||||
| d)
| Aggregated information - Aggregated volume - Price |
| |||||||
| e)
| Date of the transaction | Between 10 and 15 January 2025 | |||||||
| f) | 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 | |||||||
| 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 2021 DBSP award | |||||||
| d)
| Price and volumes |
| |||||||
| d)
| Aggregated information - Aggregated volume - Price |
| |||||||
| e)
| Date of the transaction | 14 and 15 January 2025 | |||||||
| f) | Place of the transaction | London Stock Exchange | |||||||
Name of authorised official of issuer responsible for making notification:
Sapna B FitzGerald, Group General Counsel and Company Secretary
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