CANCELLATION- NOTES PURCHASED

RNS Number : 9271Z
National Grid PLC
24 January 2011
 



24 January 2011

NATIONAL GRID PLC (National Grid) AND NATIONAL GRID GAS PLC (NGG)

CANCELLATION OF NOTES PURCHASED PURSUANT TO CASH TENDER OFFERS

National Grid announces the cancellation of €200,000,000 in aggregate nominal amount of the €1,000,000,000 4.125 per cent. Instruments due 2013 (ISIN: XS0247626962) (the March 2013 Notes) and NGG announces the cancellation of €250,000,000 in aggregate nominal amount of the €800,000,000 5.125 per cent. Instruments due 2013 (ISIN: XS0363740985) (the May 2013 Notes) each purchased on the 21 January 2011 by National Grid or NGG, as the case may be, pursuant to the Offers set out in the tender offer memorandum dated 10 January 2011 (the Tender Offer Memorandum).  Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum.

Following the cancellations, €800,000,000 in aggregate nominal amount of the March 2013 Notes will remain outstanding and €550,000,000 in aggregate nominal amount of the May 2013 Notes will remain outstanding.


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