REG - National Grid PLC - Director/PDMR Shareholding

National GridAnnouncement

30/08/2024 16:30

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RNS Number : 3851C  National Grid PLC  30 August 2024

30 August 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 the RAP Award made to Will Serle, PDMR on 1 June 2022.
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. The award is subject to malus and clawback
provisions.

The Company also announces a correction to an announcement made on 14 June
2024. On 29 August 2024, the Company was notified that, due to an
administration error, it was incorrectly announced that Will Serle, Chief
People & Culture Officer, sold 97 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.

The date of notification of these transactions was 29 August 2024.

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                                                         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  Ordinary shares of 12 204/473p each

      Identification code

                                                                   GB00BDR05C01
 b)   Nature of the transaction                                    Shares acquired following the vesting of the fifth tranche of shares in

                                                                 respect of the 1 June 2022 RAP Award.

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                   Nil       4,743
 d)   Aggregated information

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      2024.06.26

 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)
                                                                   £8.958    4,778
 d)   Aggregated information

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      2024.06.26
 f)   Place of the transaction                                     London Stock Exchange (XLON)

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

e)

 

Date of the transaction

2024.06.26

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)
 £8.958    4,778

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

 

 

e)

Date of the transaction

2024.06.26

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 and Culture 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    97

 

 d)        Aggregated information

           - Aggregated volume

            - Price

 e)        Date of the transaction                                          2024.06.03

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

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

 - Price

 

 

 

 

 

 

e)

 

Date of the transaction

 

2024.06.03

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

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