Director/PDMR Shareholding

National Grid PLC
14 June 2024
 

14 June 2024

 

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'). In accordance with MAR, the relevant Financial Conduct Authority ('FCA') notifications are set out below.

Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

National Grid plc

LEI

8R95QZMKZLJX5Q2XR704

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

Description of the financial instrument, type of instrument

 

Ordinary shares of 12 204/473p each 

Identification code

GB00BDR05C01

Nature of the transaction

Adjustment to share options held under the National Grid plc Sharesave plan to reflect the impact of the 2024 Rights Issue.

Date of Transaction

2024 - 06 - 12

Place of Transaction

London Stock Exchange (XLON)

 

Name

Position/Status

Price (s)

Volume(s)

Aggregated information

John Pettigrew

Chief Executive Officer

£Nil

451

N/A Single Transaction

Andy Agg

Chief Financial Officer

£Nil

461

N/A Single Transaction

Ben Wilson

Chief Strategy and Regulation Officer

£Nil

398

N/A Single Transaction

Will Serle

Chief People and Culture Officer

£Nil

398

N/A Single Transaction

 


Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

National Grid plc

LEI

8R95QZMKZLJX5Q2XR704

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

Description of the financial instrument, type of instrument

 

Ordinary shares of 12 204/473p each 

Identification code

GB00BDR05C01

Nature of the transaction

Acquisition of shares as part of a tailswallow under the Share Incentive Plan pursuant to the 2024 Rights Issue.

Date of Transaction

2024 - 06 - 12

Place of Transaction

London Stock Exchange (XLON)

 

Name

Position/Status

Price (s)

Volume(s)

Aggregated information

John Pettigrew

Chief Executive Officer

£6.45

456

N/A Single Transaction

 


Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

National Grid plc

LEI

8R95QZMKZLJX5Q2XR704

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

Description of the financial instrument, type of instrument

 

Ordinary shares of 12 204/473p each 

Identification code

GB00BDR05C01

Nature of the transaction

Sale of rights as part of a tailswallow under the Share Incentive Plan pursuant to the 2024 Rights Issue in order to take up the remainder of rights.

Date of Transaction

2024 - 06 - 03

Place of Transaction

London Stock Exchange (XLON)

 

Name

Position/Status

Price (s)

Volume(s)

Aggregated information

John Pettigrew

Chief Executive Officer

£2.05788

1,432

N/A Single Transaction

 


Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

National Grid plc

LEI

8R95QZMKZLJX5Q2XR704

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

Description of the financial instrument, type of instrument

 

Ordinary shares of 12 204/473p each 

Identification code

GB00BDR05C01

Nature of the transaction

Sale of rights under the Share Incentive Plan pursuant to the 2024 Rights Issue.

Date of Transaction

2024 - 06 - 03

Place of Transaction

London Stock Exchange (XLON)

 

Name

Position/Status

Price (s)

Volume(s)

Aggregated information

Andy Agg

Chief Financial Officer

£2.05788

1,335

N/A Single Transaction

Ben Wilson

Chief Strategy and Regulation Officer

£2.05788

63

N/A Single Transaction

Will Serle

Chief People and Culture Officer

£2.05788

97

N/A Single Transaction

 


Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

National Grid plc

LEI

8R95QZMKZLJX5Q2XR704

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

Description of the financial instrument, type of instrument

 

Ordinary shares of 12 204/473p each 

Identification code

GB00BDR05C01

Nature of the transaction

Adjustment to 2021 share awards held under the Long Term Performance Plan to reflect the impact of the 2024 Rights Issue.

Date of Transaction

2024 - 06 - 12

Place of Transaction

London Stock Exchange (XLON)

 

Name

Position/Status

Price (s)

Volume(s)

Aggregated information

John Pettigrew

Chief Executive Officer

£Nil

42,646

N/A Single Transaction

Andy Agg

Chief Financial Officer

£Nil

23,432

N/A Single Transaction

Justine Campbell

Group General Counsel and Company Secretary

£Nil

11,989

N/A Single Transaction

Ben Wilson

Chief Strategy and Regulation Officer

£Nil

11,036

N/A Single Transaction

 


Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

National Grid plc

LEI

8R95QZMKZLJX5Q2XR704

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

Description of the financial instrument, type of instrument

 

Ordinary shares of 12 204/473p each 

Identification code

GB00BDR05C01

Nature of the transaction

Adjustment to 2022 share awards held under the Long Term Performance Plan to reflect the impact of the 2024 Rights Issue.

Date of Transaction

2024 - 06 - 12

Place of Transaction

London Stock Exchange (XLON)

 

Name

Position/Status

Price (s)

Volume(s)

Aggregated information

John Pettigrew

Chief Executive Officer

£Nil

38,263

N/A Single Transaction

Andy Agg

Chief Financial Officer

£Nil

21,584

N/A Single Transaction

Justine Campbell

Group General Counsel and Company Secretary

£Nil

10,757

N/A Single Transaction

Ben Wilson

Chief Strategy and Regulation Officer

£Nil

10,512

N/A Single Transaction

Will Serle

Chief People and Culture Officer

£Nil

9,569

N/A Single Transaction

 


Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

National Grid plc

LEI

8R95QZMKZLJX5Q2XR704

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

Description of the financial instrument, type of instrument

 

Ordinary shares of 12 204/473p each 

Identification code

GB00BDR05C01

Nature of the transaction

Adjustment to 2023 share awards held under the Long Term Performance Plan to reflect the impact of the 2024 Rights Issue.

Date of Transaction

2024 - 06 - 12

Place of Transaction

London Stock Exchange (XLON)

 

Name

Position/Status

Price (s)

Volume(s)

Aggregated information

John Pettigrew

Chief Executive Officer

£Nil

40,673

N/A Single Transaction

Andy Agg

Chief Financial Officer

£Nil

22,945

N/A Single Transaction

Justine Campbell

Group General Counsel and Company Secretary

£Nil

11,435

N/A Single Transaction

Ben Wilson

Chief Strategy and Regulation Officer

£Nil

11,175

N/A Single Transaction

Will Serle

Chief People and Culture Officer

£Nil

10,171

N/A Single Transaction

 


Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

National Grid plc

LEI

8R95QZMKZLJX5Q2XR704

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

Description of the financial instrument, type of instrument

 

Ordinary shares of 12 204/473p each 

Identification code

GB00BDR05C01

Nature of the transaction

Adjustment to a 2022 share award held under the Retention Award Plan to reflect the impact of the 2024 Rights Issue.

Date of Transaction

2024 - 06 - 12

Place of Transaction

London Stock Exchange (XLON)

 

Name

Position/Status

Price (s)

Volume(s)

Aggregated information

Will Serle

Chief People and Culture Officer

£Nil

1,931

N/A Single Transaction

 


Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

National Grid plc

LEI

8R95QZMKZLJX5Q2XR704

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

Description of the financial instrument, type of instrument

 

Ordinary shares of 12 204/473p each 

Identification code

GB00BDR05C01

Nature of the transaction

Acquisition of shares as part of a tailswallow under Equiniti's Global Nominee service pursuant to the 2024 Rights Issue.

Date of Transaction

2024 - 06 - 12

Place of Transaction

London Stock Exchange (XLON)

 

Name

Position/Status

Price (s)

Volume(s)

Aggregated information

John Pettigrew

Chief Executive Officer

£6.45

39,291

N/A Single Transaction

 


Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

National Grid plc

LEI

8R95QZMKZLJX5Q2XR704

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

Description of the financial instrument, type of instrument

 

Ordinary shares of 12 204/473p each 

Identification code

GB00BDR05C01

Nature of the transaction

Sale of rights as part of a tailswallow under Equiniti's Global Nominee service in relation to the 2024 Rights Issue in order to take up the remainder of rights.

Date of Transaction

2024 - 06 - 03

Place of Transaction

London Stock Exchange (XLON)

 

Name

Position/Status

Price (s)

Volume(s)

Aggregated information

John Pettigrew

Chief Executive Officer

£2.05788

123,150

N/A Single Transaction

 


Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

National Grid plc

LEI

8R95QZMKZLJX5Q2XR704

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

Description of the financial instrument, type of instrument

 

Ordinary shares of 12 204/473p each 

Identification code

GB00BDR05C01

Nature of the transaction

Acquisition of shares under Equiniti's Global Nominee service pursuant to the 2024 Rights Issue.

Date of Transaction

2024 - 06 - 12

Place of Transaction

London Stock Exchange (XLON)

 

Name

Position/Status

Price (s)

Volume(s)

Aggregated information

John Pettigrew

Chief Executive Officer

£6.45

285,800

N/A Single Transaction

Andy Agg

Chief Financial Officer

£6.45

136,945

N/A Single Transaction

Justine Campbell

Group General Counsel and Company Secretary

£6.45

35,150

N/A Single Transaction

Ben Wilson

Chief Strategy and Regulation Officer

£6.45

8,642

N/A Single Transaction

Will Serle

Chief People and Culture Officer

£6.45

9,129

N/A Single Transaction

 


Reason for the notification

Initial notification /Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

National Grid plc

LEI

8R95QZMKZLJX5Q2XR704

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

Description of the financial instrument, type of instrument

 

Ordinary shares of 12 204/473p each 

Identification code

GB00BDR05C01

Nature of the transaction

Acquisition of shares pursuant to the 2024 Rights Issue.

Date of Transaction

2024 - 06 - 12

Place of Transaction

London Stock Exchange (XLON)

 

Name

Position/Status

Price (s)

Volume(s)

Aggregated information

Paula Rosput Reynolds

 

Chair

£6.45

2,916

N/A Single Transaction

Ian Livingston

 

Non-executive Director and Senior Independent Director

£6.45

536

N/A Single Transaction

Tony Wood

 

Non-executive Director

£6.45

583

N/A Single Transaction

Andy Agg

Chief Financial Officer

£6.45

402

N/A Single Transaction

Jacqueline Agg

 

Closely Associated Person of Andy Agg

£6.45

407

N/A Single Transaction

 

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