REG - National Grid PLC - Director/PDMR Shareholding

National GridAnnouncement

18/08/2020 15:35

RNS Number : 4928W
  
National Grid PLC
  
18 August 2020
  
 

18 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 following Executive Directors and PDMRs being granted awards under the Company's Long Term Performance Plan ('LTPP') on 17 August 2020.  
Each of the LTPP Awards will vest on or after 3 July 2023 and are conditional on continued employment and on the satisfaction of the performance conditions approved by the Remuneration Committee.
In addition, as disclosed in the Company's 2019/20 Annual Report and Accounts, the Executive Directors are required to retain the after-tax value of any shares under the LTPP award until the shareholding requirement is met, and in any event for Executive Directors two years after receipt. This award is subject to clawback and malus provisions. 
For further details of the LTPP, 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 
 
 


Acquisition of a conditional award over securities, for nil consideration, under the Long Term Performance Plan. 
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




Nil


213,795








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.17




f) 
 


Place of the transaction 
 
 


Outside of a Trading Venue



 



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 a conditional award over securities, for nil consideration, under the Long Term Performance Plan. 
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




Nil


86,988








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.17




f) 
 


Place of the transaction 
 
 


Outside of a Trading Venue



 



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 
 
 


Acquisition of a conditional award over securities, for nil consideration, under the Long Term Performance Plan. 
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




Nil


107,542








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.17




f) 
 


Place of the transaction 
 
 


Outside of a Trading Venue



 



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 a conditional award over securities, for nil consideration, under the Long Term Performance Plan. 
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




Nil


28,713








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.17




f) 
 


Place of the transaction 
 
 


Outside of a Trading Venue



 



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 a conditional award over securities, for nil consideration, under the Long Term Performance Plan. 
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




Nil


38,669








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.17




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 a conditional award over securities, for nil consideration, under the Long Term Performance Plan. 
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




Nil


405,217








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.17




f) 
 


Place of the transaction 
 
 


Outside of a Trading Venue



 
 



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 a conditional award over securities, for nil consideration, under the Long Term Performance Plan. 
 




c) 
 


Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




Nil


189,452








d) 
 


Aggregated information 
 
- Aggregated volume 
 
 
- Price 
 


 
 
 
 
 
 
 




e) 
 


Date of the transaction 
 
 


2020.08.17




f) 
 


Place of the transaction 
 
 


Outside of a Trading Venue



 


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