SIP Operation

RNS Number : 6091Y
National Grid PLC
08 July 2008
 



National Grid plc ('NG')


8th July 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 42,174 NG ordinary shares under the scheme was confirmed by the Trustee late yesterday, the shares having been purchased in the market on Monday 7th July, at a price of 658.5 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

19 Ordinary Shares

Steven Holliday

19 Ordinary Shares



The Directors total interests after these events are:


Director

Resulting total interest

Mark Fairbairn

489,254 Ordinary Shares

Steven Holliday

1,037,471 Ordinary Shares


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Contact: D C Forward, Assistant Secretary- (0207 004 3226)


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