24th May 2005 16:44
National Grid Transco PLC24 May 2005 24 May 2005 National Grid Transco plc ('NGT') --------------------------------------------------------- National Grid 1996 Employee Benefit Trust (ESOP) (Notification of Directors' Interests, pursuant to Section 324(2) of TheCompanies Act 1985) Directors' Interests- Dr R J Urwin --------------------------------------------------------- NGT today received a further notification from the ESOP Trustee; that certainExecutive Directors of NGT (E Astle, S Holliday, R Urwin and N Winser) ceased to be technically interestedin a total of 17,425 NGT Ordinary shares, by virtue of the Trustee havingtransferred the shares to a participant on 24 May 2005. (Note: For Companies Act purposes, these Executive Directors of NGT are deemedto have a technical interest in all the shares held by the ESOP, together withall participating employees. The interest ceases when shares are transferred toparticipants by the exercise of executive share options or under anotheremployees' share scheme.) One of NGT's Directors, Dr R J Urwin, was the participant involved. The 17,425shares were transferred to him on exercising the Sharematch awards granted underthe National Grid Share Matching Scheme operations in 1998, 1999, 2000 and 2001. His total personal interest in NGT shares is unchanged, as he retained theshares. Contact: D C Forward, Assistant Secretary (0207 004 3226) This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
National Grid