Director/PDMR Shareholding

Released : 16 Jun 2023 13:00

RNS Number : 0369DNational Grid PLC16 June 2023

16 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 Executive Directors and PDMRs being granted awards under the Company's Annual Performance Plan (APP) on 15 June 2023, which relates to a percentage of the award for 2022/23 being paid in shares, and which (after tax on the gross award) must be retained until the shareholding requirement is met, and in any event for two years after receipt. This award is subject to clawback and malus provisions.

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

In accordance with MAR the relevant Financial Conduct Authority (FCA) 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

Under the National Grid plc Annual Performance Plan (APP) Ordinary shares were purchased in the market,which relates to 50% of the APP for 2022/23 being paid in shares.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

GBP 10.347915

18,726

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.06.15

f)

Place of the transaction

London Stock Exchange (XLON)

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

Under the National Grid plc Annual Performance Plan (APP) Ordinary shares were purchased in the market,which relates to 50% of the APP for 2022/23 being paid in shares.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

GBP 10.347915

5,785

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.06.15

f)

Place of the transaction

London Stock Exchange (XLON)

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

Under the National Grid plc Annual Performance Plan (APP) American Depositary Shares (ADS)

were purchased in the market,which relates to 33.33% of the APP for 2022/23 being paid in shares.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

USD 66.989

2,206

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.06.15

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

Under the National Grid plc Annual Performance Plan (APP) Ordinary shares were purchased in the market,which relates to 50% of the APP for 2022/23 being paid in shares.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

GBP 10.347915

28,634

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.06.15

f)

Place of the transaction

London Stock Exchange (XLON)

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

Under the National Grid plc Annual Performance Plan (APP) Ordinary shares were purchased in the market,which relates to 50% of the APP for 2022/23 being paid in shares.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

GBP 10.347915

5,553

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.06.15

f)

Place of the transaction

London Stock Exchange (XLON)

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

Under the National Grid plc Annual Performance Plan (APP) Ordinary shares were purchased in the market,which relates to 50% of the APP for 2022/23 being paid in shares.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

GBP 10.347915

4,959

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.06.15

f)

Place of the transaction

London Stock Exchange (XLON)

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