National Grid PLC announced the monthly purchases of securities under the Share Incentive Plan (SIP) on behalf of 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 and 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 10.565 per share. Each PDMR purchased a different volume of shares, with the transactions taking place on the London Stock Exchange (XLON) on March 7, 2024.
Andy Agg, the Chief Financial Officer, purchased 15 shares, while John Pettigrew, the Chief Executive Officer, purchased 14 shares. Will Serle, the Chief People and Culture Officer, and Ben Wilson, the Chief Strategy and Regulation Officer, both purchased 15 shares each. These transactions are part of the company's SIP and are aimed at aligning the interests of PDMRs with those of the shareholders.
The announcement provides transparency regarding the PDMRs' shareholding activities, ensuring compliance with regulatory requirements and demonstrating the company's commitment to ethical and accountable business practices.