REG - National Grid PLC - Director/PDMR Shareholding

National GridAnnouncement

13/12/2021 16:30

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RNS Number : 4859V  National Grid PLC  13 December 2021

13 December 2021

 

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 being granted an award
under the Company's Retention Award Plan ('RAP').

The RAP Award (the Award) will vest in two tranches on or after 1 March 2023
and 1 March 2024 respectively. The Award is conditional on continued
employment and on the satisfaction of the performance conditions approved by
the Remuneration Committee. This award is subject to clawback and malus
provisions.

In accordance with MAR the relevant Financial Conduct Authority ('FCA')
notification 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 External 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  Ordinary shares of 12 204/473p each

      Identification code

                                                                   GB00BDR05C01

 b)   Nature of the transaction                                    Acquisition of a conditional award over securities, for nil consideration,

                                                            under the RAP. This award is a buy-out incentive in respect of incentive
                                                                   arrangements put in place by Mr Wilson's previous employer that were forfeited

                                                            upon joining National Grid.

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   Nil       38,483
 d)   Aggregated information

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      2021.12.10

 f)   Place of the transaction                                     Outside a trading venue

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2021.12.10

f)

 

Place of the transaction

 

 

Outside a trading venue

 

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