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