Director/PDMR Shareholding

RNS Number : 3242P

National Grid PLC

30 August 2017

 

NATIONAL GRID PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

On 1 and 2 August 2017, National Grid plc (the 'Company') made notifications under article 19.3 of the Market Abuse Regulation ('MAR') which detailed the number of securities acquired by PDMRs of the Company following the vesting of awards granted under the National Grid Long Term Performance Plan ('LTPP') in 2013 and 2014.

The Company subsequently discovered that an administrative error relating to the calculation of dividend equivalent entitlements had caused the number of securities that each PDMR was entitled to acquire to be overstated. To correct the error, each impacted PDMR has  disposed of enough securities (for nil consideration) to correct the position, as detailed in the table below.

PDMR	2013 LTPP (ROE portion)		2014 LTPP		Number of securities disposed of to correct the vesting level
	Previously disclosed vesting level	Corrected vesting level	Previously disclosed vesting level	Corrected vesting level
Andrew Bonfield	31,188	29,035	259,851	241,196	20,808
Alison Kay	6,964	6,483	56,612	52,547	4,546
George Mayhew	6,569	6,116	53,407	49,573	4,287
John Pettigrew	20,289	18,888	180,462	167,507	14,356
Mike Westcott	9,303	8,660	75,626	70,196	6,073
Dean Seavers	N/A	N/A	34,176	31,775	2,401

The attached individual notifications were made under article 19.1 of MAR.

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: 2017.08.30

NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS

DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Bonfield
2	Reason for the notification
a)	Position/status	Finance Director
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	Disposal of securities for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 20,808
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2017.08.25
f)	Place of the transaction	Outside a trading venue

Name of officer of issuer responsible for making notification: Robin Kerner. Date of notification: 2017.08.30

NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS

DISCHARGING MANAGERIAL RESPONSIBILITIES

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	Disposal of securities for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 4,546
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2017.08.25
f)	Place of the transaction	Outside a trading venue

Name of officer of issuer responsible for making notification: Robin Kerner. Date of notification: 2017.08.30

NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS

DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	George Mayhew
2	Reason for the notification
a)	Position/status	Corporate Affairs Director
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	Disposal of securities for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 4,287
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2017.08.25
f)	Place of the transaction	Outside a trading venue

Name of officer of issuer responsible for making notification: Robin Kerner. Date of notification: 2017.08.30

NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS

DISCHARGING MANAGERIAL RESPONSIBILITIES

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 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	Disposal of securities for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 14,356
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2017.08.25
f)	Place of the transaction	Outside a trading venue

Name of officer of issuer responsible for making notification: Robin Kerner. Date of notification: 2017.08.30

NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS

DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mike Westcott
2	Reason for the notification
a)	Position/status	Group HR Director
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	Disposal of securities for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 6,073
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2017.08.25
f)	Place of the transaction	Outside a trading venue

Name of officer of issuer responsible for making notification: Robin Kerner. Date of notification: 2017.08.30

NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS

DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dean Seavers
2	Reason for the notification
a)	Position/status	Executive Director, 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	Disposal of securities for nil consideration.
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 2,401
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2017.08.25
f)	Place of the transaction	Outside a trading venue

Name of officer of issuer responsible for making notification: Robin Kerner. Date of notification: 2017.08.30

 

END

 

 

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