31st Jul 2012 16:07
31 July 2012
National Grid plc (National Grid)
Notification of Changes in Directors' Interests
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Performance Share Plan - Partial Vesting of Awards
The Trustee of the National Grid Group Employee Share Trust confirmed, today, that the following awards made to Executive Directors under the National Grid Performance Share Plan 2002, in the 2009 operation of the Plan, have partially vested as follows:
June 2009 awards (adjusted for National Grid rights issue 2010)
Director | Original Award | Lapsed | Remaining vested |
Steve Holliday | 391,212 | 292,823 | 98,389 |
Tom King (ADSs) | 54,403 | 40,720 | 13,683 |
Nick Winser | 195,521 | 146,348 | 49,173 |
These awards were subject to a performance condition. However the performance condition was only satisfied at 25.15%, as confirmed at the 1 July 2012 performance conditions test, with the net balance of shares now held in the one year retention period before being released to participants on 25 June 2013.
The total share interests of the above directors, following these changes, are:
Steve Holliday | 2,155,409 |
Tom King (ADSs) | 260,445 |
Nick Winser | 1,032,108 |
Contact: D C Forward, Assistant Secretary
0207 004 3226
Related Shares:
National Grid