Last checked at 25 Jul 2017 15:29
NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
The attached individual notifications made under article 19.1 of the Market Abuse Regulation ('MAR') relate to awards made under the National Grid Long Term Performance Plan on behalf of PDMRs. 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: 2017.07.25
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
| Acquisition of a conditional award over securities, for nil consideration, under the Long Term Performance Plan. The extent to which the award will vest will depend upon the Company's performance against the relevant conditions. Subject to performance, the shares will vest in July 2020 and the shares will be transferred to the participant net of deductions. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
| ||||
e)
| Date of the transaction
| 2017.07.24 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||
Name of officer of issuer responsible for making notification: Robin Kerner.
Date of notification: 2017.07.25 |