REG - National Grid PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">NG.L</Origin>

National GridAnnouncement

18/04/2017 10:25

RNS Number : 5776C
National Grid PLC
18 April 2017
NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
The attached individual notification made under article 19.1 of the Market Abuse Regulation ('MAR') relates to an award promised upon recruitment on behalf of a PDMR. This announcement is made in accordance with Article 19.3 of MAR.
Name of officer of issuer responsible for making notification: Robin Kerner. Date of notification: 2017.04.18
NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS 
DISCHARGING MANAGERIAL RESPONSIBILITIES
1 
Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 
Badar Khan
2 
Reason for the notification 
a) 
Position/status 
Group Director Corporate Development and 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 
American Depository Shares
US 6362743006
b) 
Nature of the transaction 
Acquisition of a conditional award over securities, for nil consideration, under the Retention Award Plan. This award is a buy-out incentive in respect of incentive arrangements put in place by Mr Khan's previous employer that were lost on recruitment to National Grid.
c) 
Price(s) and volume(s) 
Price(s)
Volume(s)
NIL
37,782
d) 
Aggregated information 
- Aggregated volume 
- Price 
Price(s)
Volume(s)
NIL
37,782
e) 
Date of the transaction 
2017.04.12
f) 
Place of the transaction 
Outside 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 6362743006
b) 
Nature of the transaction 
Acquisition of 8,935 ADSs following the first release of the buyout incentive granted to Mr Khan under the Retention Award Plan.
c) 
Price(s) and volume(s) 
Price(s)
Volume(s)
Nil
8,935
d) 
Aggregated information 
- Aggregated volume 
- Price 
Price(s)
Volume(s)
Nil
8,935
e) 
Date of the transaction 
2017.04.12
f) 
Place of the transaction 
Outside 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 6362743006
b) 
Nature of the transaction 
Automatic disposal of 4,493 ADSs to cover statutory deductions following the first release of the buyout incentive granted to Mr Khan under the Retention Award Plan.
c) 
Price(s) and volume(s) 
Price(s)
Volume(s)
$64.960585
4,493
d) 
Aggregated information 
- Aggregated volume 
- Price 
Price(s)
Volume(s)
$64.960585
4,493
e) 
Date of the transaction 
2017.04.12
f) 
Place of the transaction 
Outside a trading venue

This information is provided by RNS
The company news service from the London Stock Exchange
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