National Grid PLC — Director's Dealing 2023

Jun 8, 2023

National Storage Mechanism | Additional information

RNS Number : 1395C

National Grid PLC

08 June 2023

8 June 2023

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 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. This award is 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

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

Identification code

Ordinary shares of 12 204/473p each

GB00BDR05C01

b)

Nature of the transaction

Vesting of the third tranche of shares in respect of the 1 June 2022 RAP Award.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	8,026

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.06.07

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	£10.5150

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.06.07

f)

Place of the transaction

London Stock Exchange (XLON)

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