REG - National Grid PLC - Director/PDMR Shareholding
06/03/2024 17:15
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RNS Number : 8834F National Grid PLC 06 March 2024
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 Ordinary shares of 12 204/473p each
Identification code
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)
Price(s) Volume(s)
Nil 28,128
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 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)
£10.410000 13,267
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2024.03.05
f) Place of the transaction London Stock Exchange (XLON)
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)
Price(s) Volume(s)
£10.410000 13,267
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 Ordinary shares of 12 204/473p each
Identification code
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)
Price(s) Volume(s)
Nil 11,471
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 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)
£10.410000 5,756
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2024.03.05
f) Place of the transaction London Stock Exchange (XLON)
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)
Price(s) Volume(s)
£10.410000 5,756
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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