SIP Operation

RNS Number : 8611H

National Grid PLC

10 November 2008

 



National Grid plc ('NG')

Monday 10th November 2008

Notification of Directors' Interests

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NG SHARE INCENTIVE PLAN (the 'SIP')

Under the SIP scheme, operated through Excellerate HRO UK Limited as Trustee, employees may acquire NG ordinary shares by regular monthly contributions. The current monthly purchase of 40,031 NG ordinary shares under the scheme was confirmed by the Trustee last Friday, the shares having been purchased in the market on Friday 7th November, at a price of 706.4331 pence per share, on behalf of some 3,000 participants.

The following Executive Directors of NG are beneficiaries of the shares purchased on their behalf:

Director	Shares purchased in SIP
Mark Fairbairn	18 Ordinary Shares
Steven Holliday	18 Ordinary Shares

The Directors total interests after these events are:

Director	Resulting total interest
Mark Fairbairn	490,167 Ordinary Shares
Steven Holliday	1,037,543 Ordinary Shares

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Contact: R Kerner, Assistant Secretary - Share Schemes - (0207 004 3223)

Note: Mark Fairbairn has advised the company that, in accordance with DTR3 and Section 253 Companies Act 2006; in addition to his holding above, a further 16,420 ordinary shares are beneficially held by his partner. 

 

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