14th Mar 2006 16:54
National Grid PLC14 March 2006 14 March 2006 National Grid plc (NG) Director's Interests in NG Ordinary Shares------------------------------------------------------ The Company has today received confirmation of the following dealings by NickWinser: National Grid Executive Share Option Scheme On 13th March, Nick Winser exercised Executive Share Scheme options granted tohim in June 1998 (10,633 shares; option price 375.75p per share) and June 1999(47,236 shares; option price 455.25p per share) which were all sold on that dayat 601.5p per share; On 14th March, he exercised Executive Share Scheme options granted to him inJune 2002 (37,383 shares; option price 481.5p per share) of which 21,184 shareswere sold on that day at 598p per share; and he retains 16,199 NG shares. National Grid Share Matching Plan In addition, on 14th March, the Trustee of the National Grid 1996 EmployeeBenefit Trust (ESOP) confirmed that 2,509 shares were transferred to Nick Winseron exercising the Sharematch award (at a total exercise price of £1) granted tohim under the National Grid Share Matching Scheme operation in 2002. Theseshares are also retained by him. (Note: For Companies Act purposes, certain Executive Directors of NG (E Astle, S Holliday, R Urwin and N Winser) are deemed to have a technicalinterest in all the shares held by the ESOP, together with all participatingemployees. The joint interest ceases on those shares on transfer to individualparticipants by the exercise of executive share options or under anotheremployees' share scheme.) Nick Winser's total interest after this event is over 355,895 option/awardshares and 56,687 beneficially held NG ordinary shares. 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