29th Jun 2009 07:00
26th June 2009
National Grid plc (National Grid )
_____________________________________________________________
Notification of Directors' Interests____________________________________________________________
Performance Share Plan
____________________________________________________________
On 25 June 2009, the following directors were granted an award of shares in National Grid plc (the 'Shares') under the National Grid Performance Share Plan, calculated by reference to a share price of 540.3773p and an ADS shares price of $44.1091. The extent to which awards will vest will depend upon the company's performance against the relevant conditions. Subject to performance, the shares will vest in June 2012 and will be transferred to participants net of deductions on 25 June 2013.
|
|
Director
|
Number of Shares/ADSs*
|
|
1.
|
Steve Holliday
|
342,353
|
|
2.
|
Steve Lucas
|
194,308
|
|
3.
|
Mark Fairbairn
|
170,991
|
|
4.
|
Nick Winser
|
171,102
|
|
5.
|
Tom King
|
47,609*
|
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The total share interests of the above directors, following these changes, are:
|
|
Director
|
Number of Shares/ADSs*
|
|
1.
|
Steve Holliday
|
1,434,922
|
|
2.
|
Steve Lucas
|
964,629
|
|
3.
|
Mark Fairbairn
|
680,081
|
|
4.
|
Nick Winser
|
823,339
|
|
5.
|
Tom King
|
*156,124
|
Contact: D C Forward, Assistant Secretary (0207 004 3226)
Related Shares:
National Grid