Director/PDMR Shareholding

RNS Number : 0600M

National Grid PLC

25 July 2017

 

NATIONAL GRID PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

The attached individual notifications made under article 19.1 of the Market Abuse Regulation ('MAR') relate to awards made under the National Grid Long Term Performance Plan on behalf of PDMRs. 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: 2017.07.25

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	Acquisition of a conditional award over securities, for nil consideration, under the Long Term Performance Plan. The extent to which the award will vest will depend upon the Company's performance against the relevant conditions. Subject to performance, the shares will vest in July 2020 and the shares will be transferred to the participant net of deductions.
c)	Price(s) and volume(s)	Price(s) Volume(s)  NIL 2,311
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2017.07.24
f)	Place of the transaction	Outside a trading venue

Name of officer of issuer responsible for making notification: Robin Kerner. Date of notification: 2017.07.25

 

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