[6-K] National Grid PLC Current Report (Foreign Issuer)

Rhea-AI Filing Summary

National Grid plc filed a 6-K attaching three London Stock Exchange announcements: a Voting Rights update, a Notification of PDMR transactions and publication of a Prospectus. The Voting Rights notice states the company had 5,191,884,002 ordinary shares as of 31 July 2025, of which 230,653,898 were treasury shares, leaving 4,961,230,104 shares with voting rights to be used as the denominator for FCA disclosure calculations. The Prospectus relates to a €20,000,000,000 Euro Medium Term Note Programme and has been submitted to the National Storage Mechanism; a link to the published PDF is provided.

Positive

• Voting rights denominator disclosed: 4,961,230,104 shares with voting rights as of 31 July 2025
• Prospectus published: Prospectus filed for a €20,000,000,000 Euro Medium Term Note Programme and submitted to the National Storage Mechanism
• Regulatory compliance: PDMR transactions and voting updates provided in accordance with MAR and FCA rules

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine disclosure: cap table voting denominator and a published €20bn EMTN prospectus; limited immediate earnings impact.

The filing consolidates routine regulatory notices. The voting rights denominator (4,961,230,104) clarifies the share count for FCA threshold calculations, which matters for ownership reporting but does not change capital structure. The publication of a Prospectus for a €20,000,000,000 Euro Medium Term Note Programme signals readiness to access capital markets under an established programme; the filing itself does not disclose issuance amounts or timing, so no immediate cash or debt changes are recorded here.

Corporate Governance Expert

TL;DR: Governance and transparency disclosures are complete and timely; PDMR notifications follow MAR but details are truncated in this text.

The company meets Market Abuse Regulation and FCA disclosure norms by providing PDMR transaction notices and a voting rights update. The voting rights figure provides a clear denominator for regulatory notifications by shareholders. The PDMR section in the provided text lacks legible transaction details (repeated placeholders and price references), so readers should consult the linked RNS PDF for full transaction specifics to assess insider activity.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

Date: 29 August 2025

Commission File Number: 001-14958

NATIONAL GRID plc

(Translation of registrant’s name into English)

England and Wales

(Jurisdiction of Incorporation) 

1-3 Strand, London, WC2N 5EH, United Kingdom

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

☒  Form 20-F      ☐  Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3- 2(b) under the Securities Exchange Act of 1934.  ☐  Yes    ☒  No

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a

EXHIBIT INDEX

Exhibit No.	Description
99.1	Exhibit 99.1 Announcement sent to the London Stock Exchange on 01 August 2025 — Total Voting Rights
99.2	Exhibit 99.2 Announcement sent to the London Stock Exchange on 08 August 2025 — Director/PDMR Shareholding
99.3	Exhibit 99.3 Announcement sent to the London Stock Exchange on 19 August 2025 — Publication of a Prospectus

Exhibit 99.1

1 August 2025

National Grid plc ('National Grid' or 'Company')

Voting Rights update

National Grid's registered capital as of 31 July 2025 consisted of 5,191,884,002 ordinary shares, of which, 230,653,898 were held as treasury shares; leaving a balance of 4,961,230,104 with voting rights.

The figure of 4,961,230,104 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, National Grid under the FCA's Disclosure Guidance and Transparency Rules.

Julian Baddeley

Group Company Secretary

Exhibit 99.2

8 August 2025

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.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andy Agg
2	Reason for the notification
a)	Position/status	Chief Financial 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	Monthly purchase of securities ("partnership shares") under the Share Incentive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP 10.7067	14
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2025.08.07
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Pettigrew
2	Reason for the notification
a)	Position/status	Chief Executive
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	Monthly purchase of securities ("partnership shares") under the Share Incentive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP 10.7067	14
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2025.08.07
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Will Serle
2	Reason for the notification
a)	Position/status	Chief People 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	Monthly purchase of securities ("partnership shares") under the Share Incentive Plan
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP 10.7067	14
d)	Aggregated information - Aggregated volume - Price
e)	Date of the transaction	2025.08.07
f)	Place of the transaction	London Stock Exchange (XLON)

Exhibit 99.3

19th August 2025

National Grid plc / National Grid Electricity Transmission plc

Publication of a Prospectus

The following prospectus has been approved by the Financial Conduct Authority and is available for viewing:

The Prospectus dated 19 August 2025 (the "Prospectus") for the National Grid plc and National Grid Electricity Transmission plc Euro 20,000,000,000 Euro Medium Term Note Programme.

To view the full document, please paste the following URL into the address bar of your browser:

http://www.rns-pdf.londonstockexchange.com/rns/9476V_1-2025-8-19.pdf

A copy of the Prospectus has been submitted to the National Storage Mechanism and will shortly be available to the public for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For further information, please contact:

Kwok Liu	+44 (0) 7900 405 729 (m)
Deputy Treasurer, Funding & Investment National Grid plc
Ben Trounson	+1 (929) 585 0339
Head of Media - Corporate Affairs National Grid plc

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Prospectus may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Prospectus is not addressed. Prior to relying on the information contained in the Prospectus you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	NATIONAL GRID plc
	By:	Beth Melges
		Beth Melges Head of Plc Governance

Date: 29 August 2025

FAQ

What is the voting rights denominator for National Grid (NGG)?

The filing states 4,961,230,104 ordinary shares with voting rights as of 31 July 2025.

Has National Grid published a prospectus and what does it cover?

Yes. A Prospectus has been published for the €20,000,000,000 Euro Medium Term Note Programme and submitted to the National Storage Mechanism.

Where can I view the full Prospectus referenced in the 6-K?

The filing provides an RNS PDF link (http://www.rns-pdf.londonstockexchange.com/rns/9476V_1-2025-8-19.pdf) and notes availability on the FCA National Storage Mechanism.

Does the 6-K disclose specific PDMR transaction details?

The included text references PDMR notifications and a price of GBP 10.7067 but transaction entries appear truncated; the full RNS PDF should be consulted for complete details.

Do these disclosures change National Grid's share capital or outstanding shares?

No. The filing reports the share counts and treasury shares for disclosure purposes but does not announce any share issuance or cancellation.