RNS Number : 1108R
National Grid PLC
04 June 2024
 

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)

 

 

 

Price(s)

 

Volume(s)

Nil

27,302

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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