Director/PDMR Shareholding

RNS Number : 5776C

National Grid PLC

18 April 2017

 

NATIONAL GRID PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

The attached individual notification made under article 19.1 of the Market Abuse Regulation ('MAR') relates to an award promised upon recruitment on behalf of a PDMR. 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: 2017.04.18

NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS

DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Badar Khan
2	Reason for the notification
a)	Position/status	Group Director Corporate Development and 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	American Depository Shares US 6362743006
b)	Nature of the transaction	Acquisition of a conditional award over securities, for nil consideration, under the Retention Award Plan. This award is a buy-out incentive in respect of incentive arrangements put in place by Mr Khan's previous employer that were lost on recruitment to National Grid.
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 37,782
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) NIL 37,782
e)	Date of the transaction	2017.04.12
f)	Place of the transaction	Outside 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 6362743006
b)	Nature of the transaction	Acquisition of 8,935 ADSs following the first release of the buyout incentive granted to Mr Khan under the Retention Award Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 8,935
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) Nil 8,935
e)	Date of the transaction	2017.04.12
f)	Place of the transaction	Outside 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 6362743006
b)	Nature of the transaction	Automatic disposal of 4,493 ADSs to cover statutory deductions following the first release of the buyout incentive granted to Mr Khan under the Retention Award Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) $64.960585 4,493
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) $64.960585 4,493
e)	Date of the transaction	2017.04.12
f)	Place of the transaction	Outside a trading venue

 

END

 

 

DSHSFSSUAFWSEEL