Director/PDMR Shareholding

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

 

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