Last checked at 8 Mar 2017 11:07
Grainger plc
("Grainger" or the "Company")
GRAINGER PLC BUY OUT AWARD VESTING
The Company announces that the second tranche of the buyout award granted to Helen Gordon, CEO, on 12 January 2016, vested on 7 March 2017. Following an assessment of the applicable performance conditions, 21,353 shares options vested (30.8% of the 69,328 share award).
Arrangements are in hand to transfer the vested shares from the Grainger plc Employee Benefits Trust to the Executive Director.
The total shareholding of Helen Gordon after this transaction is:
Chief Executive Director | Holding prior to notification | Holding following notification | Percentage holding following notification
|
Helen Gordon | 80,943
| 102,296 | 0.02% |
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 | Exercise of buyout award that vested on 7 March 2017 |
d)
| Price and volumes | 1. Exercise Price - Nil; Volume: 21,353 Ordinary Shares
|
d)
| Aggregated information - Aggregated volume - Price |
Volume: 21,353 Ordinary Shares
Price - Nil |
e)
| Date of the transaction | 8 March 2017 |
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