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National Grid PLC — Remuneration Information 2020
Jul 16, 2020
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Remuneration Information
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National Storage Mechanism | Additional information
RNS Number : 2710T
National Grid PLC
16 July 2020
16 July 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 following Executive Directors and PDMRs being granted awards under the Company's Annual Performance Plan (APP) on 15 July 2020, which relates to a percentage of the award for 2019/20 being paid in shares, and which (after tax on the gross award) must be retained until the shareholding requirement is met, and in any event for two years after receipt. This award is subject to clawback and malus provisions.
As reported in the Company's 2019/20 Annual Report and Accounts, John Pettigrew will also donate 20% of his 2019/20 APP (net of tax) to a charity involved in the emergency COVID-19 response in the Company's US service territories.
For further details of the APP, please see the Company's 2019/20 Annual Report and Accounts.
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
Under the National Grid plc Annual Performance Plan ("APP") Ordinary shares were purchased in the market, which relates to 50% of the APP for 2019/20 being paid in shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 8.808 | 15,794 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.07.15
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
Under the National Grid plc Annual Performance Plan ("APP") Ordinary shares were purchased in the market, which relates to 33.33% of the APP for 2019/20 being paid in shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 8.808 | 2,764 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.07.15
f)
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andy Doyle
2
Reason for the notification
a)
Position/status
Chief Human Resources 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
Under the National Grid plc Annual Performance Plan ("APP") Ordinary shares were purchased in the market, which relates to 33.33% of the APP for 2019/20 being paid in shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 8.808 | 5,189 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.07.15
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
Under the National Grid plc Annual Performance Plan ("APP") American Depositary Shares (ADS)
were purchased in the market, which relates to 33.33% of the APP for 2019/20 being paid in shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| USD 55.020 | 2,139 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.07.15
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
Under the National Grid plc Annual Performance Plan ("APP") Ordinary shares were purchased in the market, which relates to 33.33% of the APP for 2019/20 being paid in shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 8.808 | 4,521 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.07.15
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
Under the National Grid plc Annual Performance Plan ("APP") American Depositary Shares (ADS)
were purchased in the market, which relates to 33.33% of the APP for 2019/20 being paid in shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| USD 55.020 | 2,567 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.07.15
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
Under the National Grid plc Annual Performance Plan ("APP") Ordinary shares were purchased in the market, which relates to 40% of the APP for 2019/20 being paid in shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 8.808 | 21,591 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.07.15
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
Under the National Grid plc Annual Performance Plan ("APP") Ordinary shares were purchased in the market, which relates to 50% of the APP for 2019/20 being paid in shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 8.808 | 11,634 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.07.15
f)
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Barney Wyld
2
Reason for the notification
a)
Position/status
Group 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
Under the National Grid plc Annual Performance Plan ("APP") Ordinary shares were purchased in the market, which relates to 33.3% of the APP for 2019/20 being paid in shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| GBP 8.808 | 3,497 |
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2020.07.15
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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