17th Mar 2008 16:30
National Grid PLC17 March 2008 17 March 2008 National Grid plc Transaction in own shares: Extension of Prohibited Period Share RepurchaseProgramme National Grid plc ("National Grid") announces that it has entered into furtherirrevocable, non-discretionary arrangements to purchase shares on its own behalffor cancellation or holding in Treasury during any prohibited period which itenters into until further notice. Any acquisitions within a prohibited period will be effected within certainpre-set parameters, and in accordance with both National Grid's generalauthority to repurchase shares and Chapter 12 of the Listing Rules whichrequires that the maximum price paid be limited to no more than 105 per cent ofthe average middle market closing price of National Grid's shares for the 5dealing days preceding the date of purchase. Further enquiries: Richard Smith - Investor Relations +44 (0)20 7004 3172 +44 (0)7747 006 321 David Forward - Assistant Secretary +44 (0)20 7004 3226 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
National Grid