29th Nov 2007 17:56
National Grid PLC29 November 2007 29th November 2007 National Grid plc (National Grid ) CORRECTION TO ANNOUNCEMENT AT 17:20GMT TODAY - change to vesting date in first paragraph. _____________________________________________________________ Notification of Directors' Interests ____________________________________________________________ I Performance Share Plan____________________________________________________________ On 28 November 2007, the following directors were granted an award of shares inNational Grid plc (the 'Shares') under the National Grid Performance Share Plan,calculated by reference to a share price of 800.9919p and an ADS share price of$83.3121. The extent to which awards will vest will depend upon the company'sperformance against the relevant conditions. Subject to performance, the shareswill vest on 1 July 2010 and will be transferred to participants net ofdeductions on 28 November 2011. Director Number of Shares/ADSs* 1. Edward Astle 41,198 2. Steve Holliday 77,247 3. Steve Lucas 47,125 4. Mark Fairbairn 37,453 5. Nick Winser 41,620 6. Bob Catell 17,084* 7. Tom King 24,006* ------------------------------ II Special Retention Award Plan On 29 November 2007, Tom King was granted an award of 35,487 ADSs in NationalGrid (the 'Shares') under the National Grid Special Retention Award Plan,calculated by reference to a share price of $84.5360 per ADR. The award willvest in three equal parts (on 29 November in 2008, 2009 and 2010). The ADSs willbe transferred to the participant in accordance with the rules of the Plan. The total share interests of the above directors, following these changes, are: Director Number of Shares/ADSs* 1. Edward Astle 743,821 2. Steve Holliday 794,301 3. Steve Lucas 663,767 4. Mark Fairbairn 357,172 5. Nick Winser 552,406 6. Bob Catell 19,084* 7. Tom King 59,493* Contact: D C Forward, Assistant Secretary (020 7004 3226) This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
National Grid