TIDMNG.

RNS Number : 4928W

National Grid PLC

18 August 2020

18 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 following Executive Directors and PDMRs being granted awards under the Company's Long Term Performance Plan ('LTPP') on 17 August 2020.

Each of the LTPP Awards will vest on or after 3 July 2023 and are conditional on continued employment and on the satisfaction of the performance conditions approved by the Remuneration Committee.

In addition, as disclosed in the Company's 2019/20 Annual Report and Accounts, the Executive Directors are required to retain the after-tax value of any shares under the LTPP award until the shareholding requirement is met, and in any event for Executive Directors two years after receipt. This award is subject to clawback and malus provisions.

For further details of the LTPP, 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        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------- 
 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          Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code         GB00BDR05C01 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Acquisition of a conditional award 
                                   over securities, for nil consideration, 
                                   under the Long Term Performance Plan. 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         213,795 
                                                ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     2020.08.17 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Outside of a Trading Venue 
     --------------------------  ----------------------------------------- 
 
 
 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        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------ 
 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          Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code         GB00BDR05C01 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   Acquisition of a conditional award 
                                   over securities, for nil consideration, 
                                   under the Long Term Performance Plan. 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         86,988 
                                                ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     2020.08.17 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    Outside of a Trading Venue 
     --------------------------  ------------------------------------------ 
 
 
 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        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------- 
 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          Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code         GB00BDR05C01 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Acquisition of a conditional award 
                                   over securities, for nil consideration, 
                                   under the Long Term Performance Plan. 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         107,542 
                                                ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     2020.08.17 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Outside of a Trading Venue 
     --------------------------  ----------------------------------------- 
 
 
 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        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------- 
 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          American Depository Shares 
       financial instrument, 
       type of instrument 
 
       Identification code         US 636274409 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Acquisition of a conditional award 
                                   over securities, for nil consideration, 
                                   under the Long Term Performance Plan. 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         28,713 
                                                ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     2020.08.17 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Outside of a Trading Venue 
     --------------------------  ----------------------------------------- 
 
 
 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        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------- 
 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          American Depository Shares 
       financial instrument, 
       type of instrument 
 
       Identification code         US 636274409 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Acquisition of a conditional award 
                                   over securities, for nil consideration, 
                                   under the Long Term Performance Plan. 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         38,669 
                                                ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     2020.08.17 
     --------------------------  ----------------------------------------- 
 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        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------- 
 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          Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code         GB00BDR05C01 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Acquisition of a conditional award 
                                   over securities, for nil consideration, 
                                   under the Long Term Performance Plan. 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         405,217 
                                                ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     2020.08.17 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Outside of a Trading Venue 
     --------------------------  ----------------------------------------- 
 
 
 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        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------- 
 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          Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code         GB00BDR05C01 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Acquisition of a conditional award 
                                   over securities, for nil consideration, 
                                   under the Long Term Performance Plan. 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         189,452 
                                                ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     2020.08.17 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Outside of a Trading Venue 
     --------------------------  ----------------------------------------- 
 

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 rns@lseg.com or visit www.rns.com.

END

DSHSFLFLAESSEEA

(END) Dow Jones Newswires

August 18, 2020 10:35 ET (14:35 GMT)

Grafico Azioni National Grid (LSE:NG.)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di National Grid
Grafico Azioni National Grid (LSE:NG.)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di National Grid