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Further re Return of Cash

26th Jul 2005 13:45

National Grid Transco PLC26 July 2005 26th July 2005 National Grid Transco plc ('NGT') Return of Cash Approved Shareholders yesterday approved the necessary resolutions at NGT's ExtraordinaryGeneral Meeting to allow the Return of Cash to be carried out as planned. A summary timetable of expected events is shown below: 2005Record time and date for the Capital Reorganisation. 5.00pm on 29 JulyNew Ordinary Shares and B Shares admitted to the Official List and admitted to 8.00am on 1 Augusttrading and dealings commenced and enabled in CREST.Latest time for receipt of Election Forms and USE instructions from CREST 4.30pm on 5 Augustholders in relation to the B Share Alternatives.Despatch of New Ordinary Share certificates, retained B Share certificates, 22 Augustsale advices, cheques in respect of the Single B Share Dividend and/or B Sharespurchased under the Initial Repurchase Offer, as appropriate and cheques forfractional entitlements, and CREST accounts credited. Capitalised terms are defined in the Circular to Shareholders. In the United States, National Grid Transco plc has filed a Tender OfferStatement on Schedule TO ("Schedule TO") containing the Circular toShareholders, a US Supplemental Memorandum, an Election Form and a Letter ofElection and Transmittal for shareholders and holders of American DepositaryReceipts, respectively, and other related documentation with the SEC. Freecopies of the Schedule TO and the other related documents filed by National GridTransco plc in connection with the B Share Alternatives are available on theSEC's website at http://www.sec.gov. This information is provided by RNS The company news service from the London Stock Exchange

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National Grid
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