TIDMNG.

RNS Number : 2710T

National Grid PLC

16 July 2020

16 July 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 Annual Performance Plan (APP) on 15 July 2020, which relates to a percentage of the award for 2019/20 being paid in shares, and which (after tax on the gross award) must be retained until the shareholding requirement is met, and in any event for two years after receipt. This award is subject to clawback and malus provisions.

As reported in the Company's 2019/20 Annual Report and Accounts, John Pettigrew will also donate 20% of his 2019/20 APP (net of tax) to a charity involved in the emergency COVID-19 response in the Company's US service territories.

For further details of the APP, 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        Initial notification 
       /Amendment 
     --------------------------  -------------------------------------- 
 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          Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code         GB00BDR05C01 
     --------------------------  -------------------------------------- 
 b)   Nature of the transaction   Under the National Grid plc Annual 
                                   Performance Plan ("APP") Ordinary 
                                   shares were purchased in the market, 
                                   w hich relates to 50% of the APP for 
                                   2019/20 being paid in shares. 
     --------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)     Volume(s) 
                                     GBP 8.808    15,794 
                                                 ---------- 
     --------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     2020.07.15 
     --------------------------  -------------------------------------- 
 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        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------ 
 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          Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code         GB00BDR05C01 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   Under the National Grid plc Annual 
                                   Performance Plan ("APP") Ordinary 
                                   shares were purchased in the market, 
                                   w hich relates to 33.33% of the APP 
                                   for 2019/20 being paid in shares. 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)     Volume(s) 
                                     GBP 8.808    2,764 
                                                 ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     2020.07.15 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    London Stock Exchange (XLON) 
     --------------------------  ------------------------------------------ 
 
 
 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        Initial notification 
       /Amendment 
     --------------------------  -------------------------------------- 
 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          Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code         GB00BDR05C01 
     --------------------------  -------------------------------------- 
 b)   Nature of the transaction   Under the National Grid plc Annual 
                                   Performance Plan ("APP") Ordinary 
                                   shares were purchased in the market, 
                                   w hich relates to 33.33% of the APP 
                                   for 2019/20 being paid in shares. 
     --------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)     Volume(s) 
                                     GBP 8.808    5,189 
                                                 ---------- 
     --------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     2020.07.15 
     --------------------------  -------------------------------------- 
 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         Initial notification 
       /Amendment 
     ---------------------------  -------------------------------------- 
 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           American Depository Shares 
       financial instrument, 
       type of instrument 
 
       Identification code          US 636274409 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Under the National Grid plc Annual 
                                    Performance Plan ("APP") American 
                                    Depositary Shares (ADS) 
                                    were purchased in the market, w hich 
                                    relates to 33.33% of the APP for 
                                    2019/20 being paid in shares. 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)      Volume(s) 
                                      USD 55.020    2,139 
                                                   ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      2020.07.15 
     ---------------------------  -------------------------------------- 
 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        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------ 
 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          Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code         GB00BDR05C01 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   Under the National Grid plc Annual 
                                   Performance Plan ("APP") Ordinary 
                                   shares were purchased in the market, 
                                   w hich relates to 33.33% of the APP 
                                   for 2019/20 being paid in shares. 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)     Volume(s) 
                                     GBP 8.808    4,521 
                                                 ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     2020.07.15 
     --------------------------  ------------------------------------------ 
 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         Initial notification 
       /Amendment 
     ---------------------------  -------------------------------------- 
 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           American Depository Shares 
       financial instrument, 
       type of instrument 
 
       Identification code          US 636274409 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Under the National Grid plc Annual 
                                    Performance Plan ("APP") American 
                                    Depositary Shares (ADS) 
                                    were purchased in the market, w hich 
                                    relates to 33.33% of the APP for 
                                    2019/20 being paid in shares. 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)      Volume(s) 
                                      USD 55.020    2,567 
                                                   ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      2020.07.15 
     ---------------------------  -------------------------------------- 
 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         Initial notification 
       /Amendment 
     ---------------------------  -------------------------------------- 
 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           Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code          GB00BDR05C01 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Under the National Grid plc Annual 
                                    Performance Plan ("APP") Ordinary 
                                    shares were purchased in the market, 
                                    w hich relates to 40% of the APP 
                                    for 2019/20 being paid in shares. 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)     Volume(s) 
                                      GBP 8.808    21,591 
                                                  ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      2020.07.15 
     ---------------------------  -------------------------------------- 
 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         Initial notification 
       /Amendment 
     ---------------------------  -------------------------------------- 
 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           Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code          GB00BDR05C01 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Under the National Grid plc Annual 
                                    Performance Plan ("APP") Ordinary 
                                    shares were purchased in the market, 
                                    w hich relates to 50% of the APP 
                                    for 2019/20 being paid in shares. 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)     Volume(s) 
                                      GBP 8.808    11,634 
                                                  ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      2020.07.15 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     London Stock Exchange (XLON) 
     ---------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         Barney Wyld 
     ---------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status              Group Corporate Affairs Director 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial notification 
       /Amendment 
     ---------------------------  -------------------------------------- 
 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           Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code          GB00BDR05C01 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Under the National Grid plc Annual 
                                    Performance Plan ("APP") Ordinary 
                                    shares were purchased in the market, 
                                    w hich relates to 33.3% of the APP 
                                    for 2019/20 being paid in shares. 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)     Volume(s) 
                                      GBP 8.808    3,497 
                                                  ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      2020.07.15 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     London Stock Exchange (XLON) 
     ---------------------------  -------------------------------------- 
 

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 rns@lseg.com or visit www.rns.com.

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July 16, 2020 12:03 ET (16:03 GMT)

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