National Grid PLC — Director's Dealing 2023

Jul 6, 2023

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RNS Number : 2592F

National Grid PLC

06 July 2023

6 July 2023

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 2020 LTPP and are referred to in the Company's 2022/23 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.

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

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') 2020 award.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP Nil	245,669

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.07.04

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 10.4652	115,871

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.07.04

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 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

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') 2020 award.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP Nil	134,842

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.07.04

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 10.4652	63,599

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.07.04

f)

Place of the transaction

London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Adriana Karaboutis

2

Reason for the notification

a)

Position/status

Chief Information and Digital 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

American Depository Shares

US 6362744095

b)

Nature of the transaction

Acquisition of American Depositary Shares ('ADS') in respect of the Long Term Performance Plan ('LTPP') 2020 award.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
USD Nil	33,249

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.07.04

f)

Place of the transaction

Outside of a Trading Venue

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

American Depository Shares

US 6362744095

b)

Nature of the transaction

Sale of ADS resulting from Long Term Performance Plan ('LTPP') award exercise to cover tax liabilities.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
USD $67.38	14,798

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.07.04

f)

Place of the transaction

Outside of a Trading Venue

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

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') 2020 award.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP Nil	465,629

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.07.04

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 10.4652	219,615

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2023.07.04

f)

Place of the transaction

London Stock Exchange (XLON)

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END

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