6 March 2024
National Grid plc ('National Grid' or 'Company')
Notification of Transaction of Person Discharging Managerial Responsibilities ('PDMR')
This announcement is made in accordance with Article 19 of the Market Abuse Regulation ('MAR') and relates to the following PDMR acquiring shares following the partial vesting of an award under the Company's Retention Award Plan ('RAP').
This vesting relates to RAP Awards made to PDMR's in December 2021 & June 2022 respectively. The awards were conditional on continued employment with the Company and on the satisfaction of the performance conditions approved by the Remuneration Committee, which (after tax on the gross award) must be retained until the shareholding requirement is met. The awards are subject to malus and clawback provisions.
In accordance with MAR the relevant Financial Conduct Authority modification is set out below.
| 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 Regulation 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
| Vesting of the second tranche of shares in respect of the 10 December 2021 RAP Award. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
| e)
| Date of the transaction
| 2024.03.01
| ||||
| f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
| 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
| Automatic disposal of shares resulting from RAP Award exercise to cover tax liabilities. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
| e)
| Date of the transaction
| 2024.03.05 | ||||
| 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 & 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
| Vesting of the fourth tranche of shares in respect of the 1 June 2022 RAP Award. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
| e)
| Date of the transaction
| 2024.03.01
| ||||
| f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
| 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
| Automatic disposal of shares resulting from RAP Award exercise to cover tax liabilities. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
| ||||
| e)
| Date of the transaction
| 2024.03.05 | ||||
| f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
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