Director/PDMR Shareholding

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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