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

National GridAnnouncement

30/08/2017 16:05

RNS Number : 3242P
National Grid PLC
30 August 2017
NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
On 1 and 2 August 2017, National Grid plc (the 'Company') made notifications under article 19.3 of the Market Abuse Regulation ('MAR') which detailed the number of securities acquired by PDMRs of the Company following the vesting of awards granted under the National Grid Long Term Performance Plan ('LTPP') in 2013 and 2014.
The Company subsequently discovered that an administrative error relating to the calculation of dividend equivalent entitlements had caused the number of securities that each PDMR was entitled to acquire to be overstated. To correct the error, each impacted PDMR has disposed of enough securities (for nil consideration) to correct the position, as detailed in the table below.
PDMR
2013 LTPP (ROE portion)
2014 LTPP
Number of securities disposed of to correct the vesting level
Previously disclosed vesting level
Corrected vesting level
Previously disclosed vesting level
Corrected vesting level
Andrew Bonfield
31,188
29,035
259,851
241,196
20,808
Alison Kay
6,964
6,483
56,612
52,547
4,546
George Mayhew
6,569
6,116
53,407
49,573
4,287
John Pettigrew
20,289
18,888
180,462
167,507
14,356
Mike Westcott
9,303
8,660
75,626
70,196
6,073
Dean Seavers
N/A
N/A
34,176
31,775
2,401
The attached individual notifications were made under article 19.1 of MAR.
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: 2017.08.30


NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
1 
Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 
Andrew Bonfield
2 
Reason for the notification 
a) 
Position/status 
Finance 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 
Disposal of securities for nil consideration.
c) 
Price(s) and volume(s) 
Price(s)
Volume(s)
NIL
20,808
d) 
Aggregated information 
- Aggregated volume 
- Price 
e) 
Date of the transaction 
2017.08.25
f) 
Place of the transaction 
Outside a trading venue
Name of officer of issuer responsible for making notification: Robin Kerner.
Date of notification: 2017.08.30

NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
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 
Disposal of securities for nil consideration.
c) 
Price(s) and volume(s) 
Price(s)
Volume(s)
NIL
4,546
d) 
Aggregated information 
- Aggregated volume 
- Price 
e) 
Date of the transaction 
2017.08.25
f) 
Place of the transaction 
Outside a trading venue
Name of officer of issuer responsible for making notification: Robin Kerner.
Date of notification: 2017.08.30


NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
1 
Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 
George Mayhew
2 
Reason for the notification 
a) 
Position/status 
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 
Disposal of securities for nil consideration.
c) 
Price(s) and volume(s) 
Price(s)
Volume(s)
NIL
4,287
d) 
Aggregated information 
- Aggregated volume 
- Price 
e) 
Date of the transaction 
2017.08.25
f) 
Place of the transaction 
Outside a trading venue
Name of officer of issuer responsible for making notification: Robin Kerner.
Date of notification: 2017.08.30


NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
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 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 
Disposal of securities for nil consideration.
c) 
Price(s) and volume(s) 
Price(s)
Volume(s)
NIL
14,356
d) 
Aggregated information 
- Aggregated volume 
- Price 
e) 
Date of the transaction 
2017.08.25
f) 
Place of the transaction 
Outside a trading venue
Name of officer of issuer responsible for making notification: Robin Kerner.
Date of notification: 2017.08.30


NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
1 
Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 
Mike Westcott
2 
Reason for the notification 
a) 
Position/status 
Group HR 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 
Disposal of securities for nil consideration.
c) 
Price(s) and volume(s) 
Price(s)
Volume(s)
NIL
6,073
d) 
Aggregated information 
- Aggregated volume 
- Price 
e) 
Date of the transaction 
2017.08.25
f) 
Place of the transaction 
Outside a trading venue
Name of officer of issuer responsible for making notification: Robin Kerner.
Date of notification: 2017.08.30


NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
1 
Details of the person discharging managerial responsibilities / person closely associated 
a) 
Name 
Dean Seavers
2 
Reason for the notification 
a) 
Position/status 
Executive Director, 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 6362744095
b) 
Nature of the transaction 
Disposal of securities for nil consideration.
c) 
Price(s) and volume(s) 
Price(s)
Volume(s)
NIL
2,401
d) 
Aggregated information 
- Aggregated volume 
- Price 
e) 
Date of the transaction 
2017.08.25
f) 
Place of the transaction 
Outside a trading venue
Name of officer of issuer responsible for making notification: Robin Kerner.
Date of notification: 2017.08.30

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