SIP Operation

RNS Number : 2935V
National Grid PLC
07 July 2009
 



National Grid plc ('NG')


7th July 2009


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 50,914 NG ordinary shares under the scheme was confirmed by the Trustee today, the shares having been purchased in the market earlier today, Tuesday 7th July, at a price of 551 pence per share, on behalf of some 3,100 participants.


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


Director

Shares purchased in SIP

Mark Fairbairn

23 Ordinary Shares

Steven Holliday

22 Ordinary Shares



The Directors total interests after these events are:


Director

Resulting total interest

Mark Fairbairn

671,984 Ordinary Shares

Steven Holliday

1,393,532 Ordinary Shares


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


Note: Mark Fairbairn has advised the company that, in accordance with DTR3 and Section 253 Companies Act 2006; his total interest includes a further 22 shares purchased by the SIP Trustee for his partner. 



This information is provided by RNS
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