Source - LSE Regulatory
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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END
 
 
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