National Grid boss buys more shares

published 2 February 2011

National Grid's chairman Sir John Parker today spent nearly £110,000 building up his stake in the power and gas grid operator. He bought 20,000 shares at 549.5p a time and now has 134,712. National Grid said that its operating profit is "significantly ahead of last year" in its trading statement for the period between 1 October 2010 and 30 January 2011. The strong first half momentum has been repeated so far in the second half, which should enable earnings per share to be maintained this year even after the dilutive effect of the May 2010 rights issue, it said. Sir John has been chairman of National Grid since 2002, following the merger of gas transmission business Lattice, where he had been chairman since 2000. He is also chairman of the miner Anglo American and chancellor of the University of Southampton. Top Director Buys National Grid (NG.) Director name: Sir John Parker Amount purchased: 20,000 @ 549.47p Value: £109,894 Eurasia Mining (EUA) Director name: Mr Gary FitzGerald Amount purchased: 6,491,308 @ 1.00p Value: £64,913 Eurasia Mining (EUA) Director name: Mr Michael Martineau Amount purchased: 5,567,600 @ 1.00p Value: £55,676 Eurasia Mining (EUA) Director name: Mr Christian Schaffalitzky Amount purchased: 3,000,000 @ 1.00p Value: £30,000 E2V Technologies (E2V) Director name: Dr Krishnamurthy Rajagopal Amount purchased: 20,000 @ 117.00p Value: £23,400 Renew Holdings (RNWH) Director name: Mr Roy J Harrison Amount purchased: 40,000 @ 58.00p Value: £23,200 Top Director Sells Oxford Instruments (OXIG) Director name: Mr Charles Holroyd Amount sold: 73,208 @ 654.65p Value: £479,256 Andor Technology (AND) Director name: Mr Chris Calling Amount sold: 100,000 @ 460.00p Value: £460,000 Oxford Instruments (OXIG) Director name: Mr Jonathan Flint Amount sold: 41,283 @ 654.65p Value: £270,259 Oxford Instruments (OXIG) Director name: Mr Kevin Boyd Amount sold: 33,576 @ 654.65p Value: £219,805 Porvair (PRV) Director name: Mr Christopher Tyler Amount sold: 145,500 @ 123.00p Value: £178,965 Porvair (PRV) Director name: Mr Ben Stocks Amount sold: 135,500 @ 123.00p Value: £166,665 Whitbread (WTB) Director name: Mr Christopher C B Rogers Amount sold: 2,129 @ 1,734.60p Value: £36,930 Whitbread (WTB) Director name: Mr Patrick Dempsey Amount sold: 2,129 @ 1,734.60p Value: £36,930