Director/PDMR Shareholding

Source: RNS
RNS Number : 4431K
Grainger PLC
13 December 2018
 

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 the 2017 Long Term Incentive Plan ("LTIP") on 12 December 2018.

Grant of Options

On 12 December 2018, Grainger granted Options of a total of 891,682 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 2017 LTIP

Helen Gordon

Chief Executive Officer

374,640

Vanessa Simms

Chief Financial Officer

193,602

John Kenny

Chief Operating Officer

111,693

Andrew Saunderson

Director of Investments

104,735

Michael Keaveney

Director of Land and Development

107,012

Vesting of the Options is subject to certain performance conditions, namely the Total Property Return ("TPR") performance and relative Total Shareholder Return ("TSR"). Half of the Shares under an Option are subject to TPR performance conditions, and half of the Shares under an Option are subject to TSR 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 Award are satisfied

d)

 

Price and volumes

Price - Nil

Volume: 374,640 Ordinary Shares

d)

 

Aggregated information 

- Aggregated volume

- Price

 

N/A

 

e)

 

Date of the transaction 

 12 December 2018

f)

Place of the transaction

Outside a trading venue

 

 

 1

 

Details of the person discharging managerial responsibilities / person closely associated 

a)

 

Names 

Vanessa Simms

 

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 Award are satisfied

 

d)

 

Price and volumes

Price - Nil

Volumes: 193,602 Ordinary Shares

 

d)

 

Aggregated information 

- Aggregated volume

- Price

 

N/A

 

e)

 

Date of the transaction 

12 December 2018

f)

Place of the transaction

Outside a trading venue

 

 

 1

 

Details of the person discharging managerial responsibilities / person closely associated 

a)

 

Names 

John Kenny 

2

 

Reason for the notification

a)

 

Position/status

 

Chief Operating Officer, 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 Award are satisfied

d)

 

Price and volumes

Price - Nil

Volumes: 111,693 Ordinary Shares

d)

 

Aggregated information 

- Aggregated volume

- Price

 

N/A

 

e)

 

Date of the transaction 

12 December 2018

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 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 Award are satisfied

d)

 

Price and volumes

Price - Nil

Volumes: 104,735 Ordinary Shares

d)

 

Aggregated information 

- Aggregated volume

- Price

 

N/A

 

e)

 

Date of the transaction 

12 December 2018

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 Award are satisfied

d)

 

Price and volumes

Price - Nil

Volumes: 107,012 Ordinary Shares

d)

 

Aggregated information 

- Aggregated volume

- Price

 

N/A

 

e)

 

Date of the transaction 

12 December 2018

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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