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Last checked at 
15 Dec 2017 11:24
Grainger plc
("Grainger" or the "Company")
GRAINGER PLC 2017 LONG TERM INCENTIVE PLAN AND GRANT OF OPTIONS TO DIRECTORS/PDMR
The Company announces that it has made the following grant 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 14 December 2017.
Grant of Options
On 14 December 2017, Grainger granted Options of a total of 73,231 Shares to Andrew Saunderson, a Person Discharging Managerial Responsibilities ("PDMR") of the Company.
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 | 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: 73,231 Ordinary Shares
|
d)
| Aggregated information - Aggregated volume - Price |
N/A
|
e)
| Date of the transaction | 14 December 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
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