REG - National Grid PLC - Director/PDMR Shareholding

National GridAnnouncement

10/08/2020 10:40

RNS Number : 6491V
  
National Grid PLC
  
10 August 2020
  
 

10 August 2020
 
National Grid plc ('National Grid' or 'Company')
 
Notification of Transactions of Persons Discharging Managerial 
Responsibilities ('PDMRs')
 
This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation ('MAR') and relates to the acquisition of shares by the following Executive Directors, who are also PDMRs, under the Company's Long Term Performance Plan ('LTPP'). 
These awards relate to the 2017 LTPP and are referred to in the Company's 2019/20 Annual Report and Accounts. The awards were conditional on continued employment with the Company and on the satisfaction of the performance conditions approved by the Remuneration Committee, which (after tax on the gross award) must be retained until the shareholding requirement is met, and in any event for Executive Directors two years after receipt. This award is subject to malus and clawback provisions. 
In accordance with MAR the relevant Financial Conduct Authority ('FCA') notifications are set out below.



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Andy Agg




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Chief Financial Officer




b) 
 


Initial notification /Amendment


Initial notification




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
 




a) 
 


Name 
 


National Grid plc




b) 
 


LEI 
 


8R95QZMKZLJX5Q2XR704




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 
 
Identification code 
 


Ordinary shares of 12 204/473p each
 
 
 
GB00BDR05C01




b) 
 


Nature of the transaction 
 
 


Acquisition of shares in respect of the Long Term Performance Plan ('LTPP') 2017 awards.




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP Nil


11,373




GBP Nil


14,102








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.06




f) 
 


Place of the transaction 
 
 


London Stock Exchange (XLON)




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 
 
Identification code 
 


Ordinary shares of 12 204/473p each
 
 
 
GB00BDR05C01




b) 
 


Nature of the transaction 
 
 


Sale of shares resulting from Long Term Performance Plan ('LTPP') awards exercise to cover tax liabilities.




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP 9.038274


10,236




GBP 9.038274


12,507








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.06




f) 
 


Place of the transaction 
 
 


London Stock Exchange (XLON)



 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Jonathan Butterworth




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Managing Director, National Grid Ventures




b) 
 


Initial notification /Amendment 
 


Initial notification




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
 




a) 
 


Name 
 


National Grid plc




b) 
 


LEI 
 


8R95QZMKZLJX5Q2XR704




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 
 
Identification code 
 


Ordinary shares of 12 204/473p each
 
 
 
GB00BDR05C01




b) 
 


Nature of the transaction 
 
 


Acquisition of shares in respect of the Long Term Performance Plan ('LTPP') 2017 awards.




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP Nil


9,775




GBP Nil


12,121








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.06




f) 
 


Place of the transaction 
 
 


London Stock Exchange (XLON)




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 
 
Identification code 
 


Ordinary shares of 12 204/473p each
 
 
 
GB00BDR05C01




b) 
 


Nature of the transaction 
 
 


Sale of shares resulting from Long Term Performance Plan ('LTPP') awards exercise to cover tax liabilities.




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP 9.038274


8,798




GBP 9.038274


10,749








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.06




f) 
 


Place of the transaction 
 
 


London Stock Exchange (XLON)



 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Adriana Karaboutis




2 
 


Reason for the notification 
 




a) 
 


Position/status 


Chief Information and Digital Officer




b) 
 


Initial notification /Amendment 
 


Initial notification




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
 




a) 
 


Name 
 


National Grid plc




b) 
 


LEI 
 


8R95QZMKZLJX5Q2XR704




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 
 
Identification code 
 


American Depository Shares
 
 
 
US 636274409




b) 
 


Nature of the transaction 
 
 


Acquisition of American Depositary Shares ('ADS') in respect of the Long Term Performance Plan ('LTPP') 2017 award.




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




USD Nil


14,308








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.06




f) 
 


Place of the transaction 
 
 


Outside of a Trading Venue




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 
 
Identification code 
 


American Depository Shares
 
 
 
US 636274409




b) 
 


Nature of the transaction 
 
 


Sale of ADS resulting from Long Term Performance Plan ('LTPP') award exercise to cover tax liabilities.




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




USD 59.3553


11,475








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.06




f) 
 


Place of the transaction 
 
 


Outside of a Trading Venue



 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Alison Kay




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Group General Counsel & Company Secretary




b) 
 


Initial notification /Amendment 
 


Initial notification




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
 




a) 
 


Name 
 


National Grid plc




b) 
 


LEI 
 


8R95QZMKZLJX5Q2XR704




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 
 
Identification code 
 


Ordinary shares of 12 204/473p each
 
 
 
GB00BDR05C01




b) 
 


Nature of the transaction 
 
 


Acquisition of shares in respect of the Long Term Performance Plan ('LTPP') 2017 award.




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP Nil


40,777








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.06




f) 
 


Place of the transaction 
 
 


London Stock Exchange (XLON)




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 
 
Identification code 
 


Ordinary shares of 12 204/473p each
 
 
 
GB00BDR05C01




b) 
 


Nature of the transaction 
 
 


Sale of shares resulting from Long Term Performance Plan ('LTPP') award exercise to cover tax liabilities.




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP 9.038274


36,403








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.06




f) 
 


Place of the transaction 
 
 


London Stock Exchange (XLON)



 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Badar Khan




2 
 


Reason for the notification 
 




a) 
 


Position/status 


President, National Grid US




b) 
 


Initial notification /Amendment 
 


Initial notification




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
 




a) 
 


Name 
 


National Grid plc




b) 
 


LEI 
 


8R95QZMKZLJX5Q2XR704




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 
 
Identification code 
 


American Depository Shares
 
 
 
US 636274409




b) 
 


Nature of the transaction 
 
 


Acquisition of American Depositary Shares (ADS) in respect of the Long Term Performance Plan ('LTPP') 2017 award.




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




USD Nil


16,700








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.06




f) 
 


Place of the transaction 
 
 


Outside of a Trading Venue




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 
 
Identification code 
 


American Depository Shares
 
 
 
US 636274409




b) 
 


Nature of the transaction 
 
 


Sale of ADS resulting from Long Term Performance Plan (LTPP) award exercise to cover tax liabilities.




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




USD 59.3553


11,874








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.06




f) 
 


Place of the transaction 
 
 


Outside of a Trading Venue



 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


John Pettigrew




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Chief Executive 




b) 
 


Initial notification /Amendment 
 


Initial notification




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
 




a) 
 


Name 
 


National Grid plc




b) 
 


LEI 
 


8R95QZMKZLJX5Q2XR704




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 
 
Identification code 
 


Ordinary shares of 12 204/473p each
 
 
 
GB00BDR05C01




b) 
 


Nature of the transaction 
 
 


Acquisition of shares in respect of the Long Term Performance Plan ('LTPP') 2017 award.




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP Nil


167,772








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.06




f) 
 


Place of the transaction 
 
 


London Stock Exchange (XLON)




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 
 
Identification code 
 


Ordinary shares of 12 204/473p each
 
 
 
GB00BDR05C01




b) 
 


Nature of the transaction 
 
 


Sale of shares resulting from Long Term Performance Plan ('LTPP') award exercise to cover tax liabilities.




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP 9.038274


149,770








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.06




f) 
 


Place of the transaction 
 
 


London Stock Exchange (XLON)



 
 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Lucy Nicola Shaw




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Executive Director, UK




b) 
 


Initial notification /Amendment 
 


Initial notification




3 
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 
 




a) 
 


Name 
 


National Grid plc




b) 
 


LEI 
 


8R95QZMKZLJX5Q2XR704




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 
 
Identification code 
 


Ordinary shares of 12 204/473p each
 
 
 
GB00BDR05C01




b) 
 


Nature of the transaction 
 
 


Acquisition of shares in respect of the Long Term Performance Plan ('LTPP') 2017 award.




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP Nil


78,439








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.06




f) 
 


Place of the transaction 
 
 


London Stock Exchange (XLON)




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 
 
Identification code 
 


Ordinary shares of 12 204/473p each
 
 
 
GB00BDR05C01




b) 
 


Nature of the transaction 
 
 


Sale of shares resulting from Long Term Performance Plan ('LTPP') award exercise to cover tax liabilities.




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP 9.038274


70,022








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.06




f) 
 


Place of the transaction 
 
 


London Stock Exchange (XLON)



 
 


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  END
 
 
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