Director/PDMR Shareholding

Released : 30 Jun 2023 15:30

RNS Number : 6070ENational Grid PLC30 June 2023

30 June 2023

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 Market Abuse Regulation ('MAR') and relates to the following PDMRs being granted awards under the Company's Long Term Performance Plan ('LTPP') on 28 June 2023.

Each of the LTPP Awards will vest on or after 1 July 2026 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 2022/23 Annual Report and Accounts, 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 two years after receipt. The LTPP award is subject to clawback and malus provisions.

For further details of the LTPP, please see the Company's 2022/23 Annual Report and Accounts.

In accordance with MAR the relevant Financial Conduct Authority 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 /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.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

214,445

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.06.28

f)

Place of the transaction

Outside of a Trading Venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Justine Campbell

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

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

106,871

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.06.28

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 /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

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

27,693

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.06.28

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 /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.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

380,130

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.06.28

f)

Place of the transaction

Outside of a Trading Venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Will Serle

2

Reason for the notification

a)

Position/status

Chief People and Culture 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

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

95,063

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.06.28

f)

Place of the transaction

Outside of a Trading Venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ben Wilson

2

Reason for the notification

a)

Position/status

Chief Strategy and External Affairs Officer & Interim President, 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

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.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

104,441

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.06.28

f)

Place of the transaction

Outside of a Trading Venue

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