2nd Aug 2006 15:05
National Grid PLC02 August 2006 2 August 2006 National Grid plc (National Grid) Notification of Changes in Directors' Interests ------------------------------------------------------------- Performance Share Plan - Lapse of Awards Awards were made to Executive Directors under the National Grid PerformanceShare Plan 2002, as follows, in the June 2003 operation of the Plan: Director Date of Award Number of shares over which awards granted Edward Astle 27.6.2003 107,958Steve Holliday 27.6.2003 115,669Mike Jesanis 27.6.2003 41,871Steve Lucas 27.6.2003 115,669Roger Urwin 27.6.2003 195,866Nick Winser 27.6.2003 92,535 These awards were subject to a performance condition which was required to bemet as a condition of release. This performance condition required TSR, measuredover a period of three years from 1 July 2003, to be at least median compared toa comparator group of companies. For these awards granted in 2003, this performance condition was not satisfiedat the end of the three-year performance period. As a result, the awards havelapsed in full. The total share interests of the above directors, following these changes, are: Edward Astle 600,447Steve Holliday 535,126Mike Jesanis 488,536Steve Lucas 547,607Roger Urwin 1,235,083Nick Winser 415,958 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
National Grid