Last checked at 3 Dec 2013 12:27
grainger plc
3 December 2013
Dear Sirs
Grainger plc Director / PDMR Shareholdings
Grainger plc ('The Company) announces that pursuant to The Grainger 20047 Long Term Incentive Plan ('LTIP') and following an assessment of the performance conditions by its remuneration Committee, the share awards set out below, conditionally granted on 26 November 2010, vested in full on 26 November 2013.
Executive Director
| Share Award 26 November 2010 |
Shares Vesting | |
Andrew Cunningham | 800,677 |
Peter Couch | 293,828 |
Mark Greenwood | 285,863 |
Nick Jopling | 383,094 |
1,763,462 |
Arrangement are in had to transfer the shares that are vesting from the Grainger plc Employee Benefits Trust ('EBT') to the Executive Directors.
The company further announces the following sales of ordinary shares by the above directors of the company on 26 No9vember 2013 at a price of 201.41 p.
Executive Director | Share Sold |
Andrew Cunningham | 576,350 |
Peter Couch | 293,820 |
Mark Greenwood | 134,400 |
Nick Jopling | 180,100 |
1,184,670 |
The total shareholdings of the above directors after these transaction is: -
Executive Director | Holding prior to notification | Holding following notification | Percentage holding following notification |
Andrew Cunningham | 1,164,178 | 1,388,505 | 0.33% |
Peter Couch | 247,265 | 247,273 | 0.06% |
Mark Greenwood | 109,163 | 260,626 | 0.06% |
Nick Jopling | 171,904 | 374,898 | 0.09% |
The company also announces that Computershare Trustees (Jersey) Limited as trustees of EBT accquired 1,000,000 Grainger plc 5p ordinary shares at a price of 201.41p per share on 29th November 2013.
These shares are being held by the EBT to satisfy share awards arising under Grainger plc's employee share schemes. Subsequent to the above transactions the EBT holds 4,262,936 shares in Grainger plc which represents 1.03% of the issued share capital.
For and on behalf of
Grainger plc
M P Windle
Group Company Secretary