RNS Number : 9062X
National Grid PLC
25 July 2024
 

25 July 2024

 

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 23 July 2024.

Each of the LTPP Awards will vest on or after 1 July 2027 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 2023/24 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 2023/24 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

247,193

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2024.07.23

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 Chief Legal 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

 122,600

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2024.07.23

f)

 

Place of the transaction

 

 

Outside of a Trading Venue

 

1  

 

Details of the person discharging managerial responsibilities / person closely associated  

 

a)  

 

Name  

 

Courtney Geduldig

2  

 

Reason for the notification  

 

a)  

 

Position/status  

Chief Corporate Affairs 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 

 19,517

 

d)  

 

Aggregated information  

 

- Aggregated volume  

 

 

- Price  

 

 

 

 

 

 

 

 

e)  

 

Date of the transaction  

 

 

2024.07.23

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

 438,141

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2024.07.23

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

 109,576

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2024.07.23

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 Regulations 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

 119,800

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2024.07.23

f)

 

Place of the transaction

 

 

Outside of a Trading Venue

 

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