Transaction in Own Shares

RNS Number : 2579E

National Grid PLC

25 September 2008

 



National Grid plc - Transaction in Own Shares

25 September 2008

National Grid plc announces that on 24 September 2008 it purchased 900,000 of its ordinary shares at a price of 719.04 pence per share from Deutsche Bank AG London Branch. The purchased shares will be held as Treasury shares.

Following the purchase of these shares, the number of ordinary shares with voting rights in issue (excluding Treasury shares) will be 2,428,139,715 and the number of ordinary shares in Treasury will be 153,773,801.

2008/09 Share Repurchase Programme complete

Since 1 April 2008 we have repurchased 85.5m shares at a value of £594m. This completes the return of the US stranded asset post-tax cash flows for 2008/09 and the return of £1.8bn following the sale of our Wireless business in April 2007.

We expect to resume our share repurchase in next financial year with the return of around $370m of US stranded asset post-tax cash flows for 2009/10.

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