Director/PDMR Shareholding

RNS Number : 3667L

National Grid PLC

29 July 2011

 



29^th July 2011

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

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Notification of Directors' Interests

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            Long Term Performance Plan

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Today, National Grid received a notification from ACS HR Solutions Share Plan Services (Guernsey) Limited, as Trustee of the National Grid Employee Share Trust (the 'Trust'), operated in conjunction with the National Grid Long Term Performance Plan. The following directors were granted an award of shares on 28 July 2011 in National Grid plc (the 'Shares') under the National Grid Long Term Performance Plan, calculated by reference to a share price of 605.7605p and an ADS price of $49.4093. The extent to which awards will vest will depend upon the Company's performance against the relevant conditions. Subject to performance, 75% of the shares will vest in July 2014 and the remaining 25% will vest in July 2015 and will be transferred to participants net of deductions.

            Director                      Number of Shares/ADSs*

1.	Steve Holliday	362,148
2.	Andrew Bonfield	229,463
3.	Nick Winser	174,986
4.	Tom King	45,537*

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The total share interests of the above directors, following these changes, are:

            Director                      Number of Shares/ADSs*

1.	Steve Holliday	2,214,912
2.	Andrew Bonfield	498,659
3.	Nick Winser	1,032,301
4.	Tom King	274,809*

Contact: Robin Kerner, Assistant Secretary (020 7004 3223)

 

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