t
Grainger plc announced that Mike Keaveney, a PDMR and Director of Land and Development, exercised share options under the Grainger 2017 LTIP on 11 July 2023, following their vesting on 6 February 2023. To fund the resulting tax and national insurance liability, 29,011 ordinary shares were disposed of at £2.56 per share on the London Stock Exchange on 21 July 2023.
| Date | 25 Jul 2023 |
| Time | 14:20:45 |
| Category | Director/PDMR dealings |
| ID | 1492H |
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 Grainger 2017 Long Term Incentive Plan ("LTIP"), in respect of the shares that vested on 6 February 2023, Mike Keaveney, PDMR, exercised his share options on 11 July 2023. In order to fund the resulting tax and national insurance liability arising from the exercise, a disposal of 29,011 ordinary shares took place on 21 July 2023 at a price of £2.56. Grainger was notified of the completion of this disposal on 25 July 2023.
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 |
Michael Keaveney |
|
|
2
|
Reason for the notification |
||
|
a)
|
Position/status
|
Director of Land and Development /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 |
Sale of shares vested under the Grainger LTIP in order to cover the tax liability arising on exercise. |
|
|
d)
|
Price and volumes |
Price: £2.56 Volumes: 29,011 Ordinary Shares
|
|
|
d)
|
Aggregated information - Aggregated volume - Price |
N/A |
|
|
e)
|
Date of the transaction |
21 July 2023 |
|
|
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