9th Aug 2006 16:46
National Grid PLC09 August 2006 National Grid plc (NG) 9 August 2006 (Notifications of Directors' Interests, pursuant to Section 324(2) of theCompanies Act 1985) ----------------------------------------------------------------------------------------------------------------- National Grid SHARE INCENTIVE PLAN (the "SIP") Under the SIP scheme, operated through Towers Perrin Share Plan Services Limitedas Trustee, employees may acquire NG. ordinary shares by regular monthlycontributions. The current monthly purchase of 40,651 NG. ordinary shares underthe scheme was confirmed by the Trustee yesterday, the shares having beenpurchased in the market on 7 August 2006, at a price of 612.66 pence per share,on behalf of some 2,750 participants. The following executive Directors of NG are beneficiaries of the number ofshares purchased on their behalf: Director Shares purchased in SIPSteven Holliday 20 Ordinary SharesRoger Urwin 20 Ordinary Shares Directors Interests- Repurchase of B Shares Two Directors elected to accept the Offer made by Deutsche Bank AG London on 8August 2006 to repurchase outstanding B Shares for 65 pence per B Share. The Bshare interests of Roger Urwin (by 223,580 B shares) and Nick Winser (by 20,787B shares) are reduced accordingly. The Directors total interests after these events are: Director Resulting total interestSteven Holliday 535,146 Ordinary Shares Nil- B shares - unchangedRoger Urwin 1,235,103 Ordinary Shares B Shares- 58,397Nick Winser 415,958 Ordinary Shares- unchanged Nil- B 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