Last checked at 30 Aug 2017 16:00
NATIONAL GRID PLC
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
On 1 and 2 August 2017, National Grid plc (the 'Company') made notifications under article 19.3 of the Market Abuse Regulation ('MAR') which detailed the number of securities acquired by PDMRs of the Company following the vesting of awards granted under the National Grid Long Term Performance Plan ('LTPP') in 2013 and 2014.
The Company subsequently discovered that an administrative error relating to the calculation of dividend equivalent entitlements had caused the number of securities that each PDMR was entitled to acquire to be overstated. To correct the error, each impacted PDMR has disposed of enough securities (for nil consideration) to correct the position, as detailed in the table below.
PDMR | 2013 LTPP (ROE portion) | 2014 LTPP | Number of securities disposed of to correct the vesting level | ||
Previously disclosed vesting level | Corrected vesting level | Previously disclosed vesting level | Corrected vesting level | ||
Andrew Bonfield | 31,188 | 29,035 | 259,851 | 241,196 | 20,808 |
Alison Kay | 6,964 | 6,483 | 56,612 | 52,547 | 4,546 |
George Mayhew | 6,569 | 6,116 | 53,407 | 49,573 | 4,287 |
John Pettigrew | 20,289 | 18,888 | 180,462 | 167,507 | 14,356 |
Mike Westcott | 9,303 | 8,660 | 75,626 | 70,196 | 6,073 |
Dean Seavers | N/A | N/A | 34,176 | 31,775 | 2,401 |
The attached individual notifications were made under article 19.1 of MAR.
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: 2017.08.30
NATIONAL GRID PLCNOTIFICATION OF TRANSACTIONS OF PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Andrew Bonfield | ||||
2 | Reason for the notification | |||||
a) | Position/status | Finance 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 | Disposal of securities for nil consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
| ||||
e) | Date of the transaction | 2017.08.25 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Name of officer of issuer responsible for making notification: Robin Kerner. Date of notification: 2017.08.30 |
NATIONAL GRID PLCNOTIFICATION OF TRANSACTIONS OF PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
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 | Disposal of securities for nil consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
| ||||
e) | Date of the transaction | 2017.08.25 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Name of officer of issuer responsible for making notification: Robin Kerner. Date of notification: 2017.08.30 |
NATIONAL GRID PLCNOTIFICATION OF TRANSACTIONS OF PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | George Mayhew | ||||
2 | Reason for the notification | |||||
a) | Position/status | 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 | Disposal of securities for nil consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
| ||||
e) | Date of the transaction | 2017.08.25 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Name of officer of issuer responsible for making notification: Robin Kerner. Date of notification: 2017.08.30 |
NATIONAL GRID PLCNOTIFICATION OF TRANSACTIONS OF PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
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 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 | Disposal of securities for nil consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
| ||||
e) | Date of the transaction | 2017.08.25 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Name of officer of issuer responsible for making notification: Robin Kerner. Date of notification: 2017.08.30 |
NATIONAL GRID PLCNOTIFICATION OF TRANSACTIONS OF PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
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 | Disposal of securities for nil consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
| ||||
e) | Date of the transaction | 2017.08.25 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Name of officer of issuer responsible for making notification: Robin Kerner. Date of notification: 2017.08.30 |
NATIONAL GRID PLCNOTIFICATION OF TRANSACTIONS OF PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Dean Seavers | ||||
2 | Reason for the notification | |||||
a) | Position/status | Executive Director, 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 6362744095 | ||||
b) | Nature of the transaction | Disposal of securities for nil consideration. | ||||
c) | Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
| ||||
e) | Date of the transaction | 2017.08.25 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Name of officer of issuer responsible for making notification: Robin Kerner. Date of notification: 2017.08.30 |