14th Aug 2006 14:47
National Grid PLC14 August 2006 14 August 2006 National Grid plcReturn of Cash - Repurchase of 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. A furtherRepurchase Offer was made by Deutsche Bank AG, via Deutsche Bank AG LondonBranch, on 8 August 2006 to repurchase all outstanding B Shares for 65 pence perB Share. Valid elections to accept the Repurchase Offer were received in relation to39,521,422 B Shares (46 per cent. of B Shares remaining in issue before the dateof the Repurchase Offer). Settlement of the Repurchase Offer for holders of BShares took place today, cheques and sales advice are being dispatched andassured payments made through CREST. National Grid plc has repurchased all the B Shares which Deutsche Bank AGacquired under the Repurchase Offer for the same consideration paid by DeutscheBank AG, and all such B Shares will be cancelled by National Grid plc. Following the Repurchase Offer, 45,815,437 B Shares will remain in issue. Enquiries: National Grid plcInvestors Alexandra Lewis +44 (0)20 7004 3170Richard Smith +44 (0)20 7004 3172James Waite +44 (0)20 7004 3171 Media Clive 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. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
National Grid