Information  X 
Enter a valid email address

National Grid PLC (NG.)

  Print   

Tuesday 29 June, 2021

National Grid PLC

Director/PDMR Shareholding

RNS Number : 5495D
National Grid PLC
29 June 2021
 

29 June 2021

 

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 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 28 June 2021. 

Each of the LTPP Awards will vest on or after 1 July 2024 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 2020/21 Annual Report and Accounts, 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 two years after receipt. This award is subject to clawback and malus provisions.

For further details of the LTPP, please see the Company's 2020/21 Annual Report and Accounts.

In accordance with MAR the relevant Financial Conduct Authority 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

218,993

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2021.06.28

f)

 

Place of the transaction

 

 

Outside of a Trading Venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Justine Campbell

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 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

112,051

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2021.06.28

f)

 

Place of the transaction

 

 

Outside of a Trading Venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Alice Delahunty

2

 

Reason for the notification

 

a)

 

Position/status

 

President, UK Electricity Transmission

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

46,718

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2021.06.28

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 People and Culture 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

105,847

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2021.06.28

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 6362744095

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

26,617

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2021.06.28

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 6362744095

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

35,832

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2021.06.28

f)

 

Place of the transaction

 

 

Outside of a Trading Venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Cordi O'Hara

2

 

Reason for the notification

 

a)

 

Position/status

 

President, 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

91,247

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2021.06.28

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

398,568

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2021.06.28

f)

 

Place of the transaction

 

 

Outside of a Trading Venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

David Wright

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Chief Engineer

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

31,168

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2021.06.28

f)

 

Place of the transaction

 

 

Outside of a Trading Venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Rudolph Wynter

2

 

Reason for the notification

 

a)

 

Position/status

President, National Grid New York

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

 

 

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

21,774

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2021.06.28

f)

 

Place of the transaction

 

 

Outside of a Trading Venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHSEWFMUEFSEFM

a d v e r t i s e m e n t