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National Grid PLC — Remuneration Information 2017
Aug 30, 2017
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Remuneration Information
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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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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