26th Mar 2007 16:12
Grainger PLC26 March 2007 Letter to: RNS Director Shareholdings Further to the approval of the Grainger plc 2007 Long Term Incentive Plan at theannual general meeting on 28 February 2007 the following directors of Grainger plc ("the Company") were, on 23 March 2007, awarded the following conditional share interests in the ordinary share capital of the Company. Performance interests Matching interests Rupert Dickinson 108,129 21,625Andrew Cunningham 81,213 16,242 They were also granted conditional nil cost options in conjunction with the grant of the share interests over such number of shares which at vesting have a market value equal to the initial value of the shares comprised in the share interests. Rupert Dickinson and Andrew Cunningham were also each awarded 4,680 approved share options under the Company's Executive Share Options scheme. These options were granted at £6.409, being the average mid-market price of the shares for the previous five working days. In addition the Company announces that it has provided funding to enable TheGrainger Employee Benefit Trust to purchase 520,000 shares in the Company. Theseshares which were acquired at an average of £6.544 per share will be used tosatisfy share interests and options granted in the Grainger plc 2007 Long TermIncentive Plan. From: M P Windle Assistant Company Secretary Grainger Trust Plc This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Grainger plc