National Grid PLC Director/PDMR Shareholding (5776C)

TIDMNG.

RNS Number : 5776C

National Grid PLC

18 April 2017

NATIONAL GRID PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

The attached individual notification made under article 19.1 of the Market Abuse Regulation ('MAR') relates to an award promised upon recruitment on behalf of a PDMR. 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: 2017.04.18

NATIONAL GRID PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS

DISCHARGING MANAGERIAL RESPONSIBILITIES

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------------- 
 a)   Name                       Badar Khan 
---  -------------------------  -------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------- 
 a)   Position/status            Group Director Corporate 
                                  Development and 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 financial               American Depository Shares 
       instrument, type 
       of instrument               US 6362743006 
 
       Identification 
       code 
---  -------------------------  -------------------------------------- 
 b)   Nature of the              Acquisition of a conditional 
       transaction                award over securities, for 
                                  nil consideration, under 
                                  the Retention Award Plan. 
                                  This award is a buy-out incentive 
                                  in respect of incentive arrangements 
                                  put in place by Mr Khan's 
                                  previous employer that were 
                                  lost on recruitment to National 
                                  Grid. 
---  -------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    NIL         37,782 
                                   ----------  ---------- 
---  -------------------------  -------------------------------------- 
 d)   Aggregated information 
 
                                    Price(s)    Volume(s) 
       - Aggregated volume         ----------  ---------- 
                                    NIL         37,782 
                                   ----------  ---------- 
       - Price 
---  -------------------------  -------------------------------------- 
 e)   Date of the transaction    2017.04.12 
---  -------------------------  -------------------------------------- 
 f)   Place of the transaction   Outside 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               American Depository Shares 
       instrument, type 
       of instrument               US 6362743006 
 
       Identification 
       code 
---  -------------------------  --------------------------------- 
 b)   Nature of the              Acquisition of 8,935 ADSs 
       transaction                following the first release 
                                  of the buyout incentive granted 
                                  to Mr Khan under the Retention 
                                  Award Plan. 
---  -------------------------  --------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    Nil         8,935 
                                   ----------  ---------- 
---  -------------------------  --------------------------------- 
 d)   Aggregated information 
                                    Price(s)    Volume(s) 
                                   ----------  ---------- 
       - Aggregated volume          Nil         8,935 
                                   ----------  ---------- 
 
       - Price 
---  -------------------------  --------------------------------- 
 e)   Date of the transaction    2017.04.12 
---  -------------------------  --------------------------------- 
 f)   Place of the transaction   Outside 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               American Depository Shares 
       instrument, type 
       of instrument               US 6362743006 
 
       Identification 
       code 
---  -------------------------  ------------------------------------ 
 b)   Nature of the              Automatic disposal of 4,493 
       transaction                ADSs to cover statutory deductions 
                                  following the first release 
                                  of the buyout incentive granted 
                                  to Mr Khan under the Retention 
                                  Award Plan. 
---  -------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)       Price(s)     Volume(s) 
                                   -----------  ---------- 
                                    $64.960585   4,493 
                                   -----------  ---------- 
---  -------------------------  ------------------------------------ 
 d)   Aggregated information 
 
                                    Price(s)     Volume(s) 
       - Aggregated volume         -----------  ---------- 
                                    $64.960585   4,493 
                                   -----------  ---------- 
       - Price 
---  -------------------------  ------------------------------------ 
 e)   Date of the transaction    2017.04.12 
---  -------------------------  ------------------------------------ 
 f)   Place of the transaction   Outside a trading venue 
---  -------------------------  ------------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 18, 2017 05:24 ET (09:24 GMT)