Director/PDMR Shareholding

RNS Number : 6817U

National Grid PLC

06 December 2021

 

06 December 2021

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 following PDMR being granted an award under the Company's Long Term Performance Plan ('LTPP') on 2 December 2021. 

The LTPP Award will vest on or after 1 July 2024 and is conditional on continued employment and on the satisfaction of the performance conditions approved by the Remuneration Committee. This award is subject to clawback and malus provisions.

For further details of the LTPP, please see the Company's 2020/21 Annual Report and Accounts.

In accordance with MAR the relevant Financial Conduct Authority notifications are set out below.

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 External Affairs 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 a conditional award over securities, for nil consideration, under the Long Term Performance Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 103,146
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2021.12.02
f)	Place of the transaction	Outside of a Trading Venue

 

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