SIP Operation

RNS Number : 3551L

National Grid PLC

08 January 2009

 



National Grid plc ('NG')

8th January 2009

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 41,404 NG ordinary shares under the scheme was confirmed by the Trustee yesterday, the shares having been purchased in the market on Wednesday 7th January at a price of 

678.92 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	490,205 Ordinary Shares
Steven Holliday	1,038,449 Ordinary Shares

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

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 16,458 ordinary shares are beneficially held by his partner. 

 

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