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27 Jan 2021 11:22
Grainger plc
("Grainger" or the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Grainger plc announces that pursuant to the Enhanced Deferred Bonus Plan ("EDBP"), in respect of the shares that vested on 12 January 2021, Andrew Saunderson exercised his share options on 21 January 2021. In order to fund the resulting tax and national insurance liability arising from the exercise, disposal of ordinary shares (as set out below) took place on 22 January 2021 at a price of £2.740. Grainger was notified of the completion of these disposals on 26 January 2021.
PDMR | Award Plan | Original number of options awarded | Number of ordinary shares vested
| Number of shares sold to cover the tax and national insurance liability arising from vesting
| Net vested shares |
Andrew Saunderson | Grainger EDBP
| 16,112 | 13,680 | 6,335 | 7,345 |
The notifications below, made in accordance with the requirements of the EU 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)
| 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 | Sale of shares vested under the Grainger Enhanced Deferred Bonus Plan in order to cover the tax liability arising on exercise. | |
d)
| Price and volumes | Price: £2,740 Volumes: 6,335 Ordinary Shares
| |
d)
| Aggregated information - Aggregated volume - Price |
N/A | |
e)
| Date of the transaction | 22 January 2021 | |
f) | Place of the transaction | London Stock Exchange
| |
Name of authorised official of issuer responsible for making notification.
Adam McGhin
Group General Counsel and Company Secretary
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