Deferred Share Plan

RNS Number : 9306T

National Grid PLC

15 June 2009

 



Monday 15th June 2009 

National Grid plc (National Grid )

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Notification of Directors' Interests
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Deferred Share Plan

Late on Friday 12 June, the Trustee of the National Grid Employee Share Trust notified the Company that, on 11 June 2009, the following directors were granted an award of Ordinary shares in National Grid (the 'Shares') or American Depositary Shares (ADS's) under the National Grid Deferred Share Plan, calculated by reference to a share price of 541.14p or an ADS price of $44.8371.   The awards will vest on the third anniversary of the date of grant (June 2012). The shares will be transferred to participants as soon as practicable thereafter. Tom King's award will be released net of US statutory deductions.

Director	Number of ADS's
Tom King	12,080

The following awards to UK directors are over forfeitable shares. These directors have elected to pay the income tax and national insurance contributions ('Tax Liability') due in respect of the awards on grant and the awards have therefore been granted after taking account of the tax liability. The Company has arranged for the tax liability to be settled on behalf of the under mentioned directors.

Director	Number of Shares
Mark Fairbairn	32,605
Steve Holliday	68,960
Steve Lucas	38,656
Nick Winser	33,804

The total share interests of the above directors, following these changes, are:

Director	Number of ADS's
Tom King	108,515
Director	Number of shares
Mark Fairbairn	540,387
Steve Holliday	1,107,519
Steve Lucas	784,652
Nick Winser	665,103

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

 

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