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NG. National Grid Plc

1,066.00
4.50 (0.42%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
National Grid Plc LSE:NG. London Ordinary Share GB00BDR05C01 ORD 12 204/473P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.50 0.42% 1,066.00 1,066.00 1,066.50 1,071.00 1,059.00 1,064.00 10,158,619 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Combination Utilities, Nec 24.25B 7.8B 2.1140 5.04 39.33B

National Grid PLC Results of General Meeting (3357W)

22/04/2021 12:30pm

UK Regulatory


National Grid (LSE:NG.)
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From Mar 2021 to Mar 2024

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TIDMNG.

RNS Number : 3357W

National Grid PLC

22 April 2021

National Grid plc

22 April 2021

FOR IMMEDIATE RELEASE

National Grid plc ('National Grid' or the 'Company')

Proposed acquisition of Western Power Distribution

Results of General Meeting

The Company today held a general meeting ('General Meeting') in relation to the proposed acquisition of PPL WPD Investments Limited, the holding company of Western Power Distribution - the UK's largest electricity distribution business (the 'WPD Acquisition') at 12pm at 1 - 3 Strand, London, WC2N 5EH .

The resolutions proposed at the General Meeting were decided on a poll and were passed. The results are set out below.

As previously announced, completion of the WPD Acquisition remains subject to the satisfaction or waiver of the conditions summarised in the circular published in connection with the WPD Acquisition. The WPD Acquisition is expected to complete by the end of July 2021.

The results are set out below:

 
 Resolution            Votes           For       Votes         Against  Total Votes**  % of Issued      Votes 
                        For*            (% of     Against       (% of                   Share Capital   Withheld**** 
                                        shares                  shares                  voted*** 
                                        voted)                  voted) 
      To approve 
      the 
      acquisition 
      of PPL 
      WPD 
      Investments 
 1.   Limited          2,211,236,176     95.48   104,567,451      4.52  2,315,803,627      65.22            18,501,925 
     ---------------  --------------  --------  ------------  --------  -------------  --------------  --------------- 
      To approve 
       an increased 
       borrowing 
 2.    limit           2,305,719,364     99.62     8,782,724      0.38  2,314,502,088      65.18            19,800,473 
     ---------------  --------------  --------  ------------  --------  -------------  --------------  --------------- 
 

* Any votes that give discretion to the Chairman have been included in the 'For' total.

** Excludes Votes Withheld.

*** At close of business on Tuesday 20 April 2021 there were 3,550,669,831 Ordinary Shares in issue (excluding treasury shares).

**** A 'Vote Withheld' is not a vote in law and is not counted in the calculation of the votes 'For' or votes 'Against' a resolution.

As required by the Listing Rules of the Financial Conduct Authority, copies of the resolutions have been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available to

the public for inspection at   https://data.fca.org.uk/#/nsm/nationalstoragemechanism 

The complete poll results and details of proxy votes lodged before the meeting will be available shortly on the Company's website https://www.nationalgrid.com/investors/shareholder-information/agm

 
 CONTACTS 
 Investors and Analysts 
                                                +44 (0) 7814 355 
 Nick Ashworth                                   590 
                                                +44 (0) 7825 351 
 Angela Broad                                    918 
                                                +44 (0) 7970 778 
 James Flanagan                                  952 
                                                +44 (0) 7899 928 
 Jonathan Clay                                   247 
 Media 
                                                +44 (0) 7583 102 
 Molly Neal                                      727 
  Surinder Sian                                  +44 (0) 7812 485153 
 
 Teneo (Financial PR Advisor to the Company) 
                                                +44 (0) 7703 330 
 Charles Armitstead                              269 
 
 

Cautionary statement

This announcement is not intended to, and does not constitute, or form part of, any offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. The information contained in this announcement is not for release, publication or distribution to persons in any jurisdiction where to do so might constitute a violation of local securities laws or regulations. Shareholders are advised to read the whole of the Circular with care.

Neither the content of National Grid's website nor any website accessible by hyperlinks on National Grid's website is incorporated in, or forms part of, this announcement.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMSEMFFEEFSEFL

(END) Dow Jones Newswires

April 22, 2021 07:30 ET (11:30 GMT)

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