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Director/PDMR Shareholding

8 Dec 2014 14:20

RNS Number : 1382Z
Grainger PLC
08 December 2014
 

Director/PDMR Shareholding

 

Grainger plc Director / PDMRShareholdings

 

Grainger plc ('The Company') announces that pursuant to the Grainger 2007 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 2 December 2011vested in full on 3 December 2014.

 

Executive Director

Share award 2 December 2011

Shares Vesting

Andrew Cunningham

750,595

Mark Greenwood

268,141

Nick Jopling

362,676

1,381,412

 

Arrangements are in hand 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 5 December 2014 at a price of 199.15p.

 

Executive Director

Shares Sold

Andrew Cunningham

452,780

Mark Greenwood

126,026

Nick Jopling

170,458

749,264

 

 

The total shareholding of the above directors after these transactions is:-

 

 

Executive

Director

Holding prior to notification

Holding following notification

Percentage holding following notification

Andrew Cunningham

1,424,344

1,722,159

0.41%

Mark Greenwood

306,815

448,930

0.11%

Nick Jopling

402,737

594,955

0.14%

 

 

The Company also announces that Computershare Trustees (Jersey) Limited as trustees of the EBT acquired 1,000,000 Grainger plc 5p ordinary shares at a price of 199.15p per share on 5 December 2014.

 

These shares are being held by the EBT to satisfy share awards arising under Grainger plc's employee shares schemes. Subsequent to the above transactions the EBT holds 4,022,827 shares in Grainger plc which represents 0.97% of the issued shares capital.

 

For and on behalf of

Grainger plc

 

 

 

M P Windle

Deputy Company Secretary

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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