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SIP Operation

8th Aug 2008 17:00

RNS Number : 0131B
National Grid PLC
08 August 2008
 



National Grid plc ("NG")

8th August 2008

Notification of Directors' Interests

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NG SHARE INCENTIVE PLAN (the "SIP")

Under the SIP scheme, operated through Excellerate HRO UK Limited as Trustee, employees may acquire NG ordinary shares by regular monthly contributions. The current monthly purchase of 41,267 NG ordinary shares under the scheme was confirmed by the Trustee yesterday, the shares having been purchased in the market on Thursday 7th August, at a price of 669.1 pence per share, on behalf of some 3,000 participants.

The following Executive Directors of NG are beneficiaries of the shares purchased on their behalf:

Director

Shares purchased in SIP

Mark Fairbairn

19 Ordinary Shares

Steven Holliday

18 Ordinary Shares

The Directors total interests after these events are:

Director

Resulting total interest

Mark Fairbairn

489,273 Ordinary Shares

Steven Holliday

1,037,489 Ordinary Shares

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Contact: D C Forward, Assistant Secretary- (0207 004 3226)

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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