TIDMGRI

RNS Number : 1992W

Grainger PLC

20 December 2021

Grainger plc

("Grainger" or the "Company")

GRAINGER PLC DEFERRED BONUS SHARE PLAN AND GRANT OF OPTIONS TO DIRECTORS/PDMRs

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 16 December 2021. The DBSP includes the compulsory deferral of 25% of any bonus payable to participants into Options over Shares for a period of three years.

Grant of Options

On 16 December 2021, Grainger granted Options of a total of 56,842 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 2021 
                                                 DBSP 
 Helen Gordon        Chief Executive Officer    38,238 
                    -------------------------  ------------------------- 
 Rob Hudson          Chief Financial Officer    2,233 
                    -------------------------  ------------------------- 
                     Director of Land and 
 Michael Keaveney     Development               11,460 
                    -------------------------  ------------------------- 
 John Blanshard      Director of Operations     4,911 
                    -------------------------  ------------------------- 
 

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 EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
       Details of the person discharging managerial responsibilities 
  1     / 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                Ordinary Shares of 5p each in Grainger plc 
         of the financial 
         instrument, 
         type of instrument 
b)      Identification             GB00B04V1276 
         code 
c)      Nature of the              Grant of nil cost Options over Ordinary Shares pursuant 
         transaction                to the Grainger plc Deferred Bonus Share Plan which 
                                    shall ordinarily vest and become exercisable from 
                                    the third anniversary of the grant date. 
d)      Price and volumes          Price - Nil 
                                    Volume: 38,238 Ordinary Shares 
d)      Aggregated 
         information                 N/A 
         - Aggregated 
         volume 
         - Price 
e)      Date of the              16 December 2021 
         transaction 
f)      Place of the             Outside a trading venue 
         transaction 
 
 
 
        Details of the person discharging managerial responsibilities 
  1      / 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            Ordinary Shares of 5p each in Grainger plc 
         of the financial 
         instrument, 
         type of instrument 
b)      Identification         GB00B04V1276 
         code 
c)      Nature of              Grant of nil cost Options over Ordinary Shares 
         the transaction        pursuant to the Grainger plc Deferred Bonus Share 
                                Plan which shall ordinarily vest and become exercisable 
                                from the third anniversary of the grant date. 
d)      Price and              Price - Nil 
         volumes                Volumes: 2,233 Ordinary Shares 
d)      Aggregated 
         information             N/A 
         - Aggregated 
         volume 
         - Price 
e)      Date of the            16 December 2021 
         transaction 
f)      Place of the           Outside a trading venue 
         transaction 
 
        Details of the person discharging managerial responsibilities 
  1      / 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            Ordinary Shares of 5p each in Grainger plc 
         of the financial 
         instrument, 
         type of instrument 
b)      Identification         GB00B04V1276 
         code 
c)      Nature of              Grant of nil cost Options over Ordinary Shares 
         the transaction        pursuant to the Grainger plc Deferred Bonus Share 
                                Plan which shall ordinarily vest and become exercisable 
                                from the third anniversary of the grant date. 
d)      Price and              Price - Nil 
         volumes                Volumes: 11,460 Ordinary Shares 
d)      Aggregated 
         information             N/A 
         - Aggregated 
         volume 
         - Price 
e)      Date of the            16 December 2021 
         transaction 
f)      Place of the           Outside a trading venue 
         transaction 
        Details of the person discharging managerial responsibilities 
  1      / 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            Ordinary Shares of 5p each in Grainger plc 
         of the financial 
         instrument, 
         type of instrument 
b)      Identification         GB00B04V1276 
         code 
c)      Nature of              Grant of nil cost Options over Ordinary Shares 
         the transaction        pursuant to the Grainger plc Deferred Bonus Share 
                                Plan which shall ordinarily vest and become exercisable 
                                from the third anniversary of the grant date. 
d)      Price and              Price - Nil 
         volumes                Volumes: 4,911 Ordinary Shares 
d)      Aggregated 
         information             N/A 
         - Aggregated 
         volume 
         - Price 
e)      Date of the            16 December 2021 
         transaction 
f)      Place of the           Outside a trading venue 
         transaction 
 

Name of authorised official of issuer responsible for making notification.

Adam McGhin

Group General Counsel and Company Secretary

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END

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December 20, 2021 05:26 ET (10:26 GMT)

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