10 Feb 2017 15:41
Grainger plc
("Grainger" or the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
The Company was notified on 8 February 2017, that the following transactions have taken place in relation to the Grainger Share Incentive Plan ("SIP") on 7 February 2017. The SIP is an all-employee plan approved by HM Revenue and Customs, under which employees are able to receive allocations of free 5p ordinary shares in the Company ("Ordinary Shares").
A total of 76,788 Ordinary Shares were purchased at a price of 246.2p per share on 7 February ("Free Shares"). The Free Shares were allocated to all employees participating in the SIP as Free Shares and registered in the name of Capita IRG.
Nick Jopling, who is a director and person discharging managerial responsibilities, was allocated 877 Free Shares as a participant in the SIP, for no consideration. As a result of the above transaction, the interests of Nick Jopling and his connected persons in the Company's Ordinary Shares (excluding options, awards under the Company's LTIPs and interests as potential beneficiaries of the Company's Employee Benefit Trusts) are as follows:
Director/PDMR | Total holdings following notification | Total % holding of issued shares following notification
| ||
Nick Jopling | 830,935 | 0.20% | ||
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 | Nick Jopling
| |
2
| Reason for the notification | ||
a)
| Position/status
| 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
| Acquisition of Free Shares under the Grainger plc Share Incentive Plan | |
d)
| Price and volumes | Price - Nil Volumes: 877 Ordinary Shares
| |
d)
| Aggregated information - Aggregated volume - Price |
N/A
| |
e)
| Date of the transaction | 7 February 2017 | |
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
Grainger plc (GRI)