National Grid PLC announced the monthly purchases of securities under the Share Incentive Plan (SIP) on behalf of its Persons Discharging Managerial Responsibilities (PDMRs). The transactions were made in accordance with Article 19 of the Market Abuse Regulation and the relevant Financial Conduct Authority notifications. The Chief Financial Officer, Chief Executive Officer, Chief People & Culture Officer, and Chief Strategy and Regulation Officer were among the PDMRs involved in the transactions.
The transactions involved the purchase of ordinary shares of 12 204/473p each at a price of GBP 10.37631 per share. Each PDMR purchased a different volume of shares, with the transactions taking place on the London Stock Exchange (XLON) on February 7, 2024.
The Chief Financial Officer, Andy Agg, purchased 14 shares, while the Chief Executive Officer, John Pettigrew, purchased 15 shares. The Chief People & Culture Officer, Will Serle, and the Chief Strategy and Regulation Officer, Ben Wilson, each purchased 14 shares. These transactions reflect the PDMRs' participation in the SIP and their commitment to the company's long-term performance and growth.
The announcement provides transparency regarding the PDMRs' shareholding activities, aligning with regulatory requirements and demonstrating the company's adherence to market regulations. These transactions also underscore the PDMRs' confidence in the company's future and their commitment to its success.