Grainger PLC Director/PDMR Shareholding (0783N)
January 27 2021 - 6:22AM
UK Regulatory
TIDMGRI
RNS Number : 0783N
Grainger PLC
27 January 2021
Grainger plc
("Grainger" or the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Grainger plc announces that pursuant to the Enhanced Deferred
Bonus Plan ("EDBP"), in respect of the shares that vested on 12
January 2021, Andrew Saunderson exercised his share options on 21
January 2021. In order to fund the resulting tax and national
insurance liability arising from the exercise, disposal of ordinary
shares (as set out below) took place on 22 January 2021 at a price
of GBP2.740. Grainger was notified of the completion of these
disposals on 26 January 2021.
PDMR Award Plan Original Number of Number of Net vested
number ordinary shares sold shares
of options shares vested to cover
awarded the tax and
national
insurance
liability
arising from
vesting
Grainger
Andrew Saunderson EDBP 16,112 13,680 6,335 7,345
------------ ------------ --------------- -------------- -----------
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide 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 Ordinary Shares of 5p each in Grainger plc
the financial
instrument, type
of instrument
b) Identification GB00B04V1276
code
c) Nature of the Sale of shares vested under the Grainger Enhanced
transaction Deferred Bonus Plan in order to cover the tax
liability arising on exercise.
d) Price and volumes Price: GBP2,740
Volumes: 6,335 Ordinary Shares
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 22 January 2021
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
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END
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