Last checked at 30 Jul 2015 16:00
30 July 2015
National Grid plc (National Grid)
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Notification of Directors' Interests____________________________________________________________
Long Term Performance Plan - 2011 Partial Award Release
Today, the Trustee of the National Grid Employee Share Trust (UBS Trustees (Jersey) Limited) confirmed that the 2011 awards made to certain Executive Directors under the National Grid Long Term Performance Plan were released following completion of the four year retention period in respect of the Return on Equity portion together with dividend shares based upon accrued dividends in the retention period of the award following approval of the outturns by the Remuneration Committee on 8 July 2015, in accordance with the plan rules. The number of Shares disclosed below that have been transferred to participants by the Trustee are net of Shares sold to cover statutory deductions and associated costs.
Director | Number of Shares |
Steve Holliday | 36,750 Shares |
Andrew Bonfield | 23,283 Shares |
John Pettigrew | 9,868 Shares |
Long Term Performance Plan - 2012 Partial Award Release
The Trustee of the National Grid Employee Share Trust (UBS Trustees (Jersey) Limited) confirmed that the 2012 awards made to certain Executive Directors under the National Grid Long Term Performance Plan were released following completion of the three year retention period in respect of the Total Shareholder Return/Earnings Per Share portion together with dividend shares based upon accrued dividends in the retention period of the award following approval of the outturns by the Remuneration Committee, in accordance with the plan rules. The number of Shares disclosed below that have been transferred to participants by the Trustee are net of Shares sold to cover statutory deductions and associated costs.
Director | Number of Shares |
Steve Holliday | 105,785 Shares |
Andrew Bonfield | 66,952 Shares |
John Pettigrew | 16,460 Shares |
The total share interests of the above Directors, following these changes, are:
Director | Number of Shares |
Steve Holliday | 2,660,998 Shares |
Andrew Bonfield | 1,171,925 Shares |
John Pettigrew | 639,153 Shares |
Contact: Robin Kerner, Assistant Secretary (020 7004 3223)