SIP Operation

RNS Number : 8957R

National Grid PLC

07 May 2009

 



National Grid plc ('NG')

7th May 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 50,507 NG ordinary shares under the scheme was confirmed by the Trustee today, the shares having been purchased in the market earlier today, Thursday 7th May, at a price of 

558 pence per share, on behalf of some 3,100 participants.

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

Director	Shares purchased in SIP
Mark Fairbairn	23 Ordinary Shares
Steven Holliday	22 Ordinary Shares

The Directors total interests after these events are:

Director	Resulting total interest
Mark Fairbairn	507,737 Ordinary Shares
Steven Holliday	1,038,536 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; his total interest includes a further 22 shares purchased by the SIP Trustee for his partner. 

 

END

 

 

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