4 June 2024
National Grid plc ('National Grid' or 'Company')
Notification of Transactions of Persons Discharging Managerial Responsibilities ('PDMR')
This announcement is made in accordance with Article 19 of the Market Abuse Regulation ('MAR') and relates to a National Grid Retention Award Plan ('RAP') award.
The RAP Award (the 'Award') will vest in three tranches on or after 1 March 2025, 1 December 2025 and 1 March 2026 respectively. The Award is conditional on continued employment and satisfactory conduct and performance. This award is subject to clawback and malus provisions.
In accordance with MAR the relevant Financial Conduct Authority ('FCA') notification is set out below.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name
| Talvis Love | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Chief Digital and Information 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 a conditional award over securities, for nil consideration, under the RAP. | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price |
| ||||
| e) | Date of the transaction | 2023.06.03 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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