8th Aug 2006 09:38
Deutsche Bank AG London08 August 2006 8 August 2006 National Grid plc Repurchase Offer for B Shares Under National Grid plc's Return of Cash, approved by shareholders on 25 July2005, holders of B Shares who elected not to receive the Return of Cashimmediately could retain their B Shares for future repurchase. As set out in theCircular to Shareholders dated 6 June 2005, a further Repurchase Offer is beingmade in August 2006 for all outstanding B Shares. National Grid plc hasappointed Deutsche Bank AG to make the Repurchase Offer in accordance with aletter to holders of B Shares (the "Repurchase Offer Letter"). Deutsche Bank AG, via Deutsche Bank AG London Branch, hereby makes theRepurchase Offer, acting as principal, to purchase the 39,521,422 B Shares inrespect of which valid elections have been received from holders of B Shares inan off-market transaction on the terms set out in the Repurchase Offer Letter.The offer is to purchase B Shares for 65 pence each, free of all dealingexpenses and commissions. With respect to holders of B Shares, cheques and sales advice are expected to bedispatched and assured payments made through CREST on 14 August 2006 in respectof B Shares purchased under the Repurchase Offer. Enquiries:National Grid plc InvestorsAlexandra Lewis +44 (0)20 7004 3170Richard Smith +44 (0)20 7004 3172James Waite +44 (0)20 7004 3171 MediaClive Hawkins +44 (0)20 7004 3147 Deutsche Bank AG is authorised under German Banking Law (competent authority:BaFin - Federal Financial Supervising Authority) and with respect to UKcommodity derivatives business by the Financial Services Authority; regulated bythe Financial Services Authority for the conduct of UK business. Deutsche BankAG is acting as principal and for no one else in connection with the RepurchaseOffer and will not be responsible to anyone for providing the protectionsafforded to clients of Deutsche Bank AG nor for providing advice in connectionwith the Repurchase Offer. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
National Grid