National Grid PLC
29 November 2007
29th November 2007
National Grid plc (National Grid )
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Notification of Directors' Interests
____________________________________________________________
I Performance Share Plan
____________________________________________________________
On 28 November 2007, the following directors were granted an award of shares in
National Grid plc (the 'Shares') under the National Grid Performance Share Plan,
calculated by reference to a share price of 800.9919p and an ADS share price of
$83.3121. The extent to which awards will vest will depend upon the company's
performance against the relevant conditions. Subject to performance, the shares
will vest in November 2010 and will be transferred to participants net of
deductions on 28 November 2011.
Director Number of Shares/ADSs*
1. Edward Astle 41,198
2. Steve Holliday 77,247
3. Steve Lucas 47,125
4. Mark Fairbairn 37,453
5. Nick Winser 41,620
6. Bob Catell 17,084*
7. Tom King 24,006*
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II Special Retention Award Plan
On 29 November 2007, Tom King was granted an award of 35,487 ADSs in National
Grid (the 'Shares') under the National Grid Special Retention Award Plan,
calculated by reference to a share price of $84.5360 per ADR. The award will
vest in three equal parts (on 29 November in 2008, 2009 and 2010). The ADSs will
be transferred to the participant in accordance with the rules of the Plan
thereafter.
The total share interests of the above directors, following these changes, are:
Director Number of Shares/ADSs*
1. Edward Astle 743,821
2. Steve Holliday 794,301
3. Steve Lucas 663,767
4. Mark Fairbairn 357,172
5. Nick Winser 552,406
6. Bob Catell 19,084*
7. Tom King 59,493*
Contact: D C Forward, Assistant Secretary (020 7004 3226)
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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