REG - National Grid PLC - Director/PDMR Shareholding
05/07/2024 15:30
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RNS Number : 3760V National Grid PLC 05 July 2024
5 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 acquisition of shares by the following
Group Executive Committee members, who are also PDMRs, under the Company's
Long Term Performance Plan ('LTPP').
These awards relate to the 2021 LTPP and are referred to in the Company's
2023/24 Annual Report and Accounts. 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, and
in any event for Executive Directors two years after receipt. This award is
subject to malus and clawback provisions.
The Company also announces a correction to the announcement made on 14 June
2024. On 3 July 2024 the Company was notified that due to an administration
error, it was incorrectly announced that Andy Agg, Chief Financial Officer,
sold 1,335 rights under the Share Incentive Plan pursuant to the 2024 Rights
Issue. The amended announcement is included below in full which shows his full
take-up of these rights.
In accordance with MAR the relevant Financial Conduct Authority ('FCA')
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 Amendment
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 from a full take-up of rights over a Share Incentive
Plan holding pursuant to the 2024 Rights Issue.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 6.45 1,335
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2024.06.12
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2024.06.12
f)
Place of the transaction
London Stock Exchange (XLON)
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 Ordinary shares of 12 204/473p each
Identification code
GB00BDR05C01
b) Nature of the transaction Acquisition of shares in respect of the Long Term Performance Plan ('LTPP')
2021 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP Nil 229,837
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2024.07.01
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 Sale of shares resulting from Long Term Performance Plan ('LTPP') award
exercise to cover tax liabilities.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 8.919017 108,403
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2024.07.02
f) Place of the transaction London Stock Exchange (XLON)
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 Ordinary shares of 12 204/473p each
Identification code
GB00BDR05C01
b) Nature of the transaction Acquisition of shares in respect of the Long Term Performance Plan ('LTPP')
2021 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP Nil 117,599
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2024.07.01
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 Sale of shares resulting from Long Term Performance Plan ('LTPP') award
exercise to cover tax liabilities.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 8.919017 55,466
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2024.07.02
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2024.07.01
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
Sale of shares resulting from Long Term Performance Plan ('LTPP') award
exercise to cover tax liabilities.
c)
Price(s) and volume(s)
Price(s) Volume(s)
GBP 8.919017 108,403
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2024.07.02
f)
Place of the transaction
London Stock Exchange (XLON)
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 shares in respect of the Long Term Performance Plan ('LTPP')
2021 award.
c)
Price(s) and volume(s)
Price(s) Volume(s)
GBP Nil 117,599
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2024.07.01
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
Sale of shares resulting from Long Term Performance Plan ('LTPP') award
exercise to cover tax liabilities.
c)
Price(s) and volume(s)
Price(s) Volume(s)
GBP 8.919017 55,466
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2024.07.02
f)
Place of the transaction
London Stock Exchange (XLON)
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
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 Long Term Performance Plan ('LTPP')
2021 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP Nil 418,303
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2024.07.01
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 Sale of shares resulting from Long Term Performance Plan ('LTPP') award
exercise to cover tax liabilities.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 8.919017 197,294
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2024.07.02
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2024.07.01
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
Sale of shares resulting from Long Term Performance Plan ('LTPP') award
exercise to cover tax liabilities.
c)
Price(s) and volume(s)
Price(s) Volume(s)
GBP 8.919017 197,294
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2024.07.02
f)
Place of the transaction
London Stock Exchange (XLON)
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 Acquisition of shares in respect of the Long Term Performance Plan ('LTPP')
2021 award.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP Nil 108,253
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2024.07.01
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 Sale of shares resulting from Long Term Performance Plan ('LTPP') award
exercise to cover tax liabilities.
c) Price(s) and volume(s)
Price(s) Volume(s)
GBP 8.919017 51,058
d) Aggregated information
- Aggregated volume
- Price
e) Date of the transaction 2024.07.02
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2024.07.01
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
Sale of shares resulting from Long Term Performance Plan ('LTPP') award
exercise to cover tax liabilities.
c)
Price(s) and volume(s)
Price(s) Volume(s)
GBP 8.919017 51,058
d)
Aggregated information
- Aggregated volume
- Price
e)
Date of the transaction
2024.07.02
f)
Place of the transaction
London Stock Exchange (XLON)
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