TIDMNG.

RNS Number : 8333U

National Grid PLC

03 August 2022

3 August 2022

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 2019 LTPP and are referred to in the Company's 2021/22 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.

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                         Andy Agg 
     ---------------------------  -------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------- 
 a)   Position/status              Chief Financial Officer 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial notification 
       /Amendment 
     ---------------------------  -------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         National Grid plc 
     ---------------------------  -------------------------------------- 
 b)   LEI                          8R95QZMKZLJX5Q2XR704 
     ---------------------------  -------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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           Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code          GB00BDR05C01 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Acquisition of shares in respect 
                                    of the Long Term Performance Plan 
                                    ('LTPP') 2019 award. 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                      GBP Nil     180,871 
                                                 ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      2022.07.29 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     London Stock Exchange (XLON) 
     ---------------------------  -------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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           Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       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 11.242420    87,577 
                                                      ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      2022.08.02 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     London Stock Exchange (XLON) 
     ---------------------------  -------------------------------------- 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                        Adriana Karaboutis 
     --------------------------  ------------------------------------------ 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------- 
 a)   Position/status             Chief Information and Digital Officer 
     --------------------------  ------------------------------------------ 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                        National Grid plc 
     --------------------------  ------------------------------------------ 
 b)   LEI                         8R95QZMKZLJX5Q2XR704 
     --------------------------  ------------------------------------------ 
      Details of the transaction(s): section to be repeated 
  4    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          American Depository Shares 
       financial instrument, 
       type of instrument 
 
       Identification code         US 636274409 
     --------------------------  ------------------------------------------ 
 b)   Nature of the transaction   Acquisition of American Depositary 
                                   Shares ('ADS') in respect of the 
                                   Long Term Performance Plan ('LTPP') 
                                   2019 award. 
     --------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     USD Nil     26,886 
                                                ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     2022.07.29 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    Outside of a Trading Venue 
     --------------------------  ------------------------------------------ 
      Details of the transaction(s): section to be repeated 
  4    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          American Depository Shares 
       financial instrument, 
       type of instrument 
 
       Identification code         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 $69.9255    11,966 
                                                    ---------- 
     --------------------------  ------------------------------------------ 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     --------------------------  ------------------------------------------ 
 e)   Date of the transaction     2022.08.02 
     --------------------------  ------------------------------------------ 
 f)   Place of the transaction    Outside of a Trading Venue 
     --------------------------  ------------------------------------------ 
 
 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                         John Pettigrew 
     ---------------------------  -------------------------------------- 
      Reason for the notification 
  2 
     ------------------------------------------------------------------- 
 a)   Position/status              Chief Executive 
     ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial notification 
       /Amendment 
     ---------------------------  -------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                         National Grid plc 
     ---------------------------  -------------------------------------- 
 b)   LEI                          8R95QZMKZLJX5Q2XR704 
     ---------------------------  -------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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           Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       Identification code          GB00BDR05C01 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Acquisition of shares in respect 
                                    of the Long Term Performance Plan 
                                    ('LTPP') 2019 award. 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)    Volume(s) 
                                      GBP Nil     365,099 
                                                 ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      2022.07.29 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     London Stock Exchange (XLON) 
     ---------------------------  -------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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           Ordinary shares of 12 204/473p each 
       financial instrument, 
       type of instrument 
 
       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 11.242420    176,779 
                                                      ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
 
 
       - Price 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      2022.08.02 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     London Stock Exchange (XLON) 
     ---------------------------  -------------------------------------- 
 

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August 03, 2022 11:45 ET (15:45 GMT)

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