Last checked at 15 Dec 2017 11:25
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 grant of nil cost share options ("Options") over ordinary shares of 5p each in the capital of the Company ("Shares") pursuant to the Grainger plc Deferred Bonus Share Plan ("DBSP") on 14 December 2017.
Grant of Options
On 14 December 2017, Grainger granted Options of a total of 8,726 Shares to Andrew Saunderson, a Person Discharging Managerial Responsibilities ("PDMR") of the Company.
Vesting of the Options is not subject to any performance conditions and the only condition is the three-year holding period applied under the rules of the DBSP.
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 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 Volumes: 8,726 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