TIDMNG.

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        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   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          Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code         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        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   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          Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code         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        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   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          American Depository Shares 
       financial instrument, 
       type of instrument 
 
       Identification code         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        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   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          Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code         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        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   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          American Depository Shares 
       financial instrument, 
       type of instrument 
 
       Identification code         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        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   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          Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code         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        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   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          Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code         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) 
     --------------------------  ----------------------------------------- 
 

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.

END

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August 10, 2020 05:36 ET (09:36 GMT)

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