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By LSE RNS

RNS Number : 8712Y
Grainger PLC
08 March 2017
 

Grainger plc

("Grainger" or the "Company") 

GRAINGER PLC BUY OUT AWARD VESTING

The Company announces that the second tranche of the buyout award granted to Helen Gordon, CEO, on 12 January 2016, vested on 7 March 2017. Following an assessment of the applicable performance conditions, 21,353 shares options vested (30.8% of the 69,328 share award).

 

Arrangements are in hand to transfer the vested shares from the Grainger plc Employee Benefits Trust to the Executive Director.

 

The total shareholding of Helen Gordon after this transaction is:

 

Chief Executive Director

Holding prior to notification

Holding following notification

Percentage holding following notification

 

Helen Gordon

80,943

 

102,296

0.02%

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 

Helen Gordon

2

 

Reason for the notification

a)

 

Position/status

Chief Executive Officer, 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 

Exercise of buyout award that vested on 7 March 2017

d)

 

Price and volumes

1.   Exercise

Price - Nil; Volume: 21,353 Ordinary Shares

 

d)

 

Aggregated information 

- Aggregated volume

- Price

 

Volume: 21,353 Ordinary Shares  

 

    Price - Nil

e)

 

Date of the transaction 

 8 March 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


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