Last checked at 18 Apr 2017 10:24
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 PLCNOTIFICATION 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 /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 6362743006 | ||||
b)
| Nature of the transaction
| Acquisition of a conditional 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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- 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 instrument, type of instrument
Identification code
|
American Depository Shares
US 6362743006 | ||||
b)
| Nature of the transaction
| Acquisition of 8,935 ADSs following the first release of the buyout incentive granted to Mr Khan under the Retention Award Plan. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- 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 instrument, type of instrument
Identification code
|
American Depository Shares
US 6362743006 | ||||
b)
| Nature of the transaction
| Automatic disposal of 4,493 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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
e)
| Date of the transaction
| 2017.04.12 | ||||
f)
| Place of the transaction
| Outside a trading venue | ||||