REG - National Grid PLC - Director/PDMR Shareholding

National GridAnnouncement

11/04/2022 17:00

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RNS Number : 0173I  National Grid PLC  11 April 2022

11 April 2022

 

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 a RAP Award made to the PDMR in December 2020. The
award was 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. This award is subject to malus and clawback
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                                                         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  Ordinary shares of 12 204/473p each

      Identification code

                                                                   GB00BDR05C01

 b)   Nature of the transaction                                    Acquisition of shares in respect of the 14 December 2020 RAP Award partially

                                                            vesting.

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                                   Nil       36,504
 d)   Aggregated information

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      2022.04.08

 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  Ordinary shares of 12 204/473p each

      Identification code

                                                                   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)

Price(s)   Volume(s)

                                                                   GBP 12.28  17,218
 d)   Aggregated information

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      2022.04.08

 f)   Place of the transaction                                     London Stock Exchange (XLON)

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2022.04.08

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)

 

 

 

 Price(s)   Volume(s)

 GBP 12.28  17,218

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2022.04.08

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 

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