REG - National Grid PLC - Director/PDMR Shareholding

National GridAnnouncement

16/07/2020 17:05

RNS Number : 2710T
  
National Grid PLC
  
16 July 2020
  
 

16 July 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 following Executive Directors and PDMRs being granted awards under the Company's Annual Performance Plan (APP) on 15 July 2020, which relates to a percentage of the award for 2019/20 being paid in shares, and which (after tax on the gross award) must be retained until the shareholding requirement is met, and in any event for two years after receipt. This award is subject to clawback and malus provisions. 
As reported in the Company's 2019/20 Annual Report and Accounts, John Pettigrew will also donate 20% of his 2019/20 APP (net of tax) to a charity involved in the emergency COVID-19 response in the Company's US service territories.
For further details of the APP, please see the Company's 2019/20 Annual Report and Accounts.
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 
 
 


Under the National Grid plc Annual Performance Plan ("APP") Ordinary shares were purchased in the market, which relates to 50% of the APP for 2019/20 being paid in shares.
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP 8.808


15,794








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.07.15




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 
 
 


Under the National Grid plc Annual Performance Plan ("APP") Ordinary shares were purchased in the market, which relates to 33.33% of the APP for 2019/20 being paid in shares.
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP 8.808


2,764








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.07.15




f) 
 


Place of the transaction 
 
 


London Stock Exchange (XLON)



 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Andy Doyle




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Chief Human Resources 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 
 
 


Under the National Grid plc Annual Performance Plan ("APP") Ordinary shares were purchased in the market, which relates to 33.33% of the APP for 2019/20 being paid in shares.
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP 8.808


5,189








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.07.15




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 
 
 


Under the National Grid plc Annual Performance Plan ("APP") American Depositary Shares (ADS)
were purchased in the market, which relates to 33.33% of the APP for 2019/20 being paid in shares.
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




USD 55.020


2,139








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.07.15




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 
 
 


Under the National Grid plc Annual Performance Plan ("APP") Ordinary shares were purchased in the market, which relates to 33.33% of the APP for 2019/20 being paid in shares.
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP 8.808


4,521








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.07.15




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 
 
 


Under the National Grid plc Annual Performance Plan ("APP") American Depositary Shares (ADS)
were purchased in the market, which relates to 33.33% of the APP for 2019/20 being paid in shares.
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




USD 55.020


2,567








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.07.15




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 
 
 


Under the National Grid plc Annual Performance Plan ("APP") Ordinary shares were purchased in the market, which relates to 40% of the APP for 2019/20 being paid in shares.
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP 8.808


21,591








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.07.15




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 
 
 


Under the National Grid plc Annual Performance Plan ("APP") Ordinary shares were purchased in the market, which relates to 50% of the APP for 2019/20 being paid in shares.
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP 8.808


11,634








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.07.15




f) 
 


Place of the transaction 
 
 


London Stock Exchange (XLON)



 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 
 


Barney Wyld




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Group Corporate Affairs Director




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 
 
 


Under the National Grid plc Annual Performance Plan ("APP") Ordinary shares were purchased in the market, which relates to 33.3% of the APP for 2019/20 being paid in shares.
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




GBP 8.808


3,497








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.07.15




f) 
 


Place of the transaction 
 
 


London Stock Exchange (XLON)



 


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