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National Grid PLC — Director's Dealing 2020
Aug 10, 2020
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Director's Dealing
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National Storage Mechanism | Additional information
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)
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 [email protected] or visit www.rns.com.
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