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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