SIP Operation

RNS Number : 3796Q

National Grid PLC

08 April 2009

 



National Grid plc ('NG')

8th April 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 52,193 NG ordinary shares under the scheme was confirmed by the Trustee late yesterday, the shares having been purchased in the market on Tuesday 7th April at a price of 536.5 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	23 Ordinary Shares

The Directors total interests after these events are:

Director	Resulting total interest
Mark Fairbairn	507,692 Ordinary Shares
Steven Holliday	1,038,514 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 updated total interest includes a further 319 shares purchased and beneficially owned by his partner.

 

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