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National Grid PLC - London-based electricity and gas utility company - Says buyers have been found for remaining 97.7 million shares under the £7.00 billion rights issue for which valid acceptances were not received at a price of 835 pence per share. Notes this equates to around 9% of the shares issued under the rights issue. Earlier Wednesday, National Grid said it received acceptances from shareholders for 987.4 million new shares, 91% of the total on offer in the 7-for-24 rights issue. The rights issue price was 645p per share, meaning the acceptances are worth £6.39 billion. Current stock price: 874.40 pence 12-month change: down 9.2% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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